Accenture PLC (ACN) Shares Bought by Nuance Investments LLC
Nuance Investments LLC boosted its position in shares of Accenture PLC (NYSE:ACN) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,392 shares of the information technology services provider’s stock after acquiring an additional 584 shares during the period. Accenture accounts for 1.7% of Nuance Investments LLC’s investment portfolio, making the stock its 22nd biggest holding. Nuance Investments LLC’s holdings in Accenture were worth $23,960,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in ACN. Vanguard Group Inc. increased its holdings in shares of Accenture by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after purchasing an additional 1,088,676 shares during the period. BlackRock Inc. increased its holdings in shares of Accenture by 3.0% during the 2nd quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after purchasing an additional 1,196,578 shares during the period. Capital Research Global Investors increased its holdings in shares of Accenture by 2.2% during the 2nd quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after purchasing an additional 605,156 shares during the period. State Street Corp increased its holdings in shares of Accenture by 2.7% during the 1st quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock worth $3,039,762,000 after purchasing an additional 665,860 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Accenture by 0.8% during the 2nd quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after purchasing an additional 70,740 shares during the period. 72.51% of the stock is owned by hedge funds and other institutional investors.
Shares of Accenture PLC (NYSE:ACN) opened at $146.95 on Thursday. The firm has a market cap of $97,700.18, a PE ratio of 25.05, a P/E/G ratio of 2.19 and a beta of 1.08. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $148.56.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. equities analysts anticipate that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were paid a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a yield of 1.97%. Accenture’s dividend payout ratio is 48.90%.
Several research firms have recently issued reports on ACN. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Tuesday. Evercore ISI boosted their price objective on shares of Accenture from $148.00 to $162.00 and gave the stock a “reduce” rating in a report on Thursday, November 16th. Pivotal Research began coverage on shares of Accenture in a report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price objective on the stock. Stifel Nicolaus restated a “buy” rating and set a $150.00 price objective on shares of Accenture in a report on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and set a $149.00 price objective on shares of Accenture in a report on Sunday, October 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Accenture presently has a consensus rating of “Buy” and a consensus target price of $144.16.
In other Accenture news, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the sale, the chief executive officer now directly owns 179,083 shares of the company’s stock, valued at $24,181,577.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel T. London sold 637 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock worth $11,479,125 over the last ninety days. Insiders own 0.21% of the company’s stock.
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Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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