Caisse DE Depot ET Placement DU Quebec Has $18.60 Million Stake in Accenture PLC (ACN)
Caisse DE Depot ET Placement DU Quebec decreased its position in Accenture PLC (NYSE:ACN) by 20.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 137,162 shares of the information technology services provider’s stock after selling 34,900 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Accenture were worth $18,604,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Jacobi Capital Management LLC lifted its position in Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after buying an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in Accenture by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after buying an additional 162 shares in the last quarter. Manchester Capital Management LLC lifted its position in Accenture by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after buying an additional 60 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Accenture during the 1st quarter worth about $122,000. Finally, Parkside Financial Bank & Trust lifted its position in Accenture by 5.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after buying an additional 52 shares in the last quarter. 72.51% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Daniel T. London sold 637 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 83,325 shares of company stock worth $11,479,125 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.
Shares of Accenture PLC (NYSE ACN) opened at $148.27 on Thursday. The firm has a market cap of $97,456.00, a P/E ratio of 24.99, 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 $148.60.
Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $9.15 billion for 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%. Accenture’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company posted $1.31 EPS. equities research analysts expect that Accenture PLC will post 6.54 EPS for the current year.
The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, October 19th were given a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s dividend payout ratio is 48.90%.
Several research analysts recently issued reports on the stock. Robert W. Baird reiterated a “hold” rating and set a $155.00 price target on shares of Accenture in a research report on Thursday. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Tuesday, November 28th. Evercore ISI upped their target price on shares of Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a research report on Thursday, November 16th. Pivotal Research started coverage on shares of Accenture in a research report on Wednesday, November 8th. They set a “buy” rating and a $165.00 target price on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $150.00 target price on shares of Accenture in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $144.38.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/12/07/caisse-de-depot-et-placement-du-quebec-has-18-60-million-stake-in-accenture-plc-acn.html.
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.
Receive News & Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related companies with MarketBeat.com's FREE daily email newsletter.