Breiter Capital Management Inc. bought a new position in shares of Accenture Plc (NYSE:ACN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,202 shares of the information technology services provider’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ACN. GSA Capital Partners LLP raised its stake in Accenture by 44.9% during the first quarter. GSA Capital Partners LLP now owns 3,517 shares of the information technology services provider’s stock worth $540,000 after buying an additional 1,090 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Accenture by 24.4% in the first quarter. Allianz Asset Management GmbH now owns 1,195,259 shares of the information technology services provider’s stock worth $183,472,000 after purchasing an additional 234,593 shares during the period. Point72 Asset Management L.P. acquired a new stake in Accenture in the first quarter worth $3,070,000. Millennium Management LLC grew its holdings in Accenture by 199.0% in the first quarter. Millennium Management LLC now owns 210,991 shares of the information technology services provider’s stock worth $32,387,000 after purchasing an additional 140,431 shares during the period. Finally, Private Capital Group LLC grew its holdings in Accenture by 995.9% in the first quarter. Private Capital Group LLC now owns 1,874 shares of the information technology services provider’s stock worth $288,000 after purchasing an additional 1,703 shares during the period. 70.22% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE ACN opened at $158.90 on Thursday. The stock has a market cap of $114.83 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98. Accenture Plc has a 1 year low of $136.84 and a 1 year high of $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.02. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. Sell-side analysts anticipate that Accenture Plc will post 7.24 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, October 18th will be issued a dividend of $1.46 per share. This is a boost from Accenture’s previous semiannual dividend of $1.21. This represents a dividend yield of 1.68%. The ex-dividend date is Wednesday, October 17th. Accenture’s dividend payout ratio (DPR) is currently 39.47%.

In other news, CEO Pierre Nanterme sold 30,117 shares of Accenture stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $173.45, for a total transaction of $5,223,793.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $166.66, for a total transaction of $333,320.00. Following the transaction, the insider now owns 118,561 shares of the company’s stock, valued at $19,759,376.26. The disclosure for this sale can be found here. Insiders have sold 51,067 shares of company stock valued at $8,716,512 over the last quarter. Corporate insiders own 0.21% of the company’s stock.

A number of research firms have commented on ACN. Cantor Fitzgerald raised their price target on shares of Accenture from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, June 29th. BMO Capital Markets raised their price target on shares of Accenture to $170.00 and gave the stock a “market perform” rating in a report on Friday, June 29th. Citigroup raised their price target on shares of Accenture from $159.00 to $163.00 and gave the stock a “neutral” rating in a report on Friday, June 29th. Bank of America restated a “neutral” rating and issued a $79.00 price target on shares of Accenture in a report on Friday, June 29th. Finally, Credit Suisse Group raised their price target on shares of Accenture from $151.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, June 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $176.37.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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