Brown Advisory Inc. reduced its stake in shares of Accenture PLC (NYSE:ACN) by 37.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,114,974 shares of the information technology services provider’s stock after selling 672,715 shares during the period. Brown Advisory Inc. owned about 0.18% of Accenture worth $150,599,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC grew its holdings in shares of Accenture by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after acquiring an additional 12 shares in the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Accenture by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after acquiring an additional 20 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Accenture by 1.4% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock valued at $223,000 after acquiring an additional 24 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Accenture by 0.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,535 shares of the information technology services provider’s stock valued at $664,000 after acquiring an additional 35 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Accenture by 5.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock valued at $127,000 after acquiring an additional 52 shares in the last quarter. 72.51% of the stock is owned by institutional investors.

Shares of Accenture PLC (NYSE ACN) opened at $146.57 on Friday. The stock has a market capitalization of $97,680.38, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 2.19 and a beta of 1.09. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $148.60.

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

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were given 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 is currently 48.90%.

In other Accenture news, insider Gianfranco Casati sold 20,380 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total transaction of $2,908,633.60. Following the sale, the insider now owns 51,014 shares in the company, valued at $7,280,718.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel T. London sold 637 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $136.03, for a total value of $86,651.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,325 shares of company stock worth $11,479,125. Company insiders own 0.21% of the company’s stock.

Several research firms recently commented on ACN. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Tuesday. Evercore ISI upped their price objective on Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a research note on Thursday, November 16th. Pivotal Research began coverage on Accenture in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price objective on shares of Accenture in a research note on Friday, November 3rd. Finally, KeyCorp reiterated a “buy” rating and issued a $149.00 price objective on shares of Accenture in a research note on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $144.16.

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Accenture Company 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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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