Tiedemann Wealth Management LLC raised its position in shares of Accenture PLC (NYSE:ACN) by 13.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,066 shares of the information technology services provider’s stock after acquiring an additional 858 shares during the period. Tiedemann Wealth Management LLC’s holdings in Accenture were worth $551,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Flagship Harbor Advisors LLC boosted its holdings in shares of Accenture by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after acquiring an additional 12 shares during the period. AlphaMark Advisors LLC boosted its holdings in shares of Accenture by 0.9% during the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after acquiring an additional 20 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Accenture by 1.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after acquiring an additional 24 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Accenture by 0.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,535 shares of the information technology services provider’s stock worth $664,000 after acquiring an additional 35 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Accenture by 5.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after acquiring an additional 52 shares during the period. Institutional investors own 72.51% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) traded up $1.06 on Friday, reaching $148.01. 2,837,100 shares of the company’s stock traded hands, compared to its average volume of 2,123,823. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $148.60. The firm has a market capitalization of $97,700.18, a P/E ratio of 25.05, a P/E/G ratio of 2.19 and a beta of 1.08.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 earnings per share. research analysts predict that Accenture PLC will post 6.54 earnings per share for the current year.

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were issued a dividend of $1.33 per share. The ex-dividend date was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s dividend payout ratio (DPR) is presently 48.90%.

In related news, insider Daniel T. London sold 637 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Johan Deblaere sold 5,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.05, for a total transaction of $675,250.00. Following the completion of the sale, the chief operating officer now directly owns 120,817 shares in the company, valued at approximately $16,316,335.85. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock valued at $11,479,125 over the last quarter. Company insiders own 0.21% of the company’s stock.

ACN has been the subject of a number of research analyst reports. Bank of America initiated coverage on Accenture in a report on Tuesday, September 12th. They set a “buy” rating and a $150.00 price objective for the company. Stifel Nicolaus boosted their price objective on Accenture from $138.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Wednesday, September 6th. KeyCorp restated a “buy” rating and set a $135.00 price objective on shares of Accenture in a report on Friday, September 22nd. Finally, Berenberg Bank restated a “buy” rating and set a $160.00 price objective on shares of Accenture in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Accenture presently has a consensus rating of “Buy” and a consensus target price of $144.16.

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Accenture Profile

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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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