Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Accenture PLC (NYSE:ACN) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,733 shares of the information technology services provider’s stock after acquiring an additional 1,635 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Accenture were worth $6,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jacobi Capital Management LLC boosted its stake 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 valued at $100,000 after acquiring an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. raised its holdings in shares of Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 162 shares during the period. Manchester Capital Management LLC raised its holdings in shares of Accenture by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of Accenture during the first quarter worth $122,000. Finally, Parkside Financial Bank & Trust raised 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 purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 72.51% of the company’s stock.

In other Accenture news, CEO Pierre Nanterme sold 38,589 shares of the firm’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 transaction, the chief executive officer now owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $143.01, for a total transaction of $451,196.55. Following the transaction, the insider now directly owns 5,533 shares in the company, valued at approximately $791,274.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is owned by corporate insiders.

Accenture PLC (NYSE ACN) traded up $1.41 during trading on Wednesday, reaching $152.10. 2,318,300 shares of the company’s stock traded hands, compared to its average volume of 2,112,973. The firm has a market cap of $99,449.07, a PE ratio of 25.50, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $152.80.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The firm 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%. Accenture’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.31 EPS. sell-side analysts predict that Accenture PLC will post 6.54 EPS for the current 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 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 payout ratio is 48.90%.

A number of brokerages have weighed in on ACN. Deutsche Bank increased their target price on shares of Accenture to $165.00 in a report on Monday. Robert W. Baird reissued a “hold” rating and set a $155.00 target price on shares of Accenture in a report on Thursday, December 7th. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, November 28th. Evercore ISI increased their target price on shares of Accenture from $148.00 to $162.00 and gave the stock a “reduce” rating in a report on Thursday, November 16th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $150.00 target price on shares of Accenture in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $145.77.

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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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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