Janus Henderson Group PLC Purchases 152,610 Shares of Accenture Plc (ACN)
Janus Henderson Group PLC increased its position in Accenture Plc (NYSE:ACN) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,040,414 shares of the information technology services provider’s stock after purchasing an additional 152,610 shares during the period. Janus Henderson Group PLC owned approximately 0.61% of Accenture worth $687,677,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. WP Advisors LLC purchased a new stake in Accenture in the 2nd quarter valued at $106,000. MUFG Securities EMEA plc purchased a new stake in Accenture in the 2nd quarter valued at $118,000. Fort L.P. purchased a new stake in Accenture in the 2nd quarter valued at $124,000. Valeo Financial Advisors LLC raised its position in Accenture by 48.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock valued at $162,000 after buying an additional 329 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its position in Accenture by 2,784.6% in the 3rd quarter. Providence Capital Advisors LLC now owns 1,125 shares of the information technology services provider’s stock valued at $191,000 after buying an additional 1,086 shares during the last quarter. Institutional investors own 71.18% of the company’s stock.
In other Accenture news, CEO Pierre Nanterme sold 30,117 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $173.45, for a total value of $5,223,793.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arun Sarin sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $171.40, for a total value of $200,538.00. Following the completion of the transaction, the director now owns 4,582 shares of the company’s stock, valued at approximately $785,354.80. The disclosure for this sale can be found here. In the last three months, insiders sold 78,717 shares of company stock valued at $13,041,890. 0.21% of the stock is currently owned by insiders.
Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.02. Accenture had a return on equity of 41.92% and a net margin of 9.76%. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter last year, the firm posted $1.48 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, analysts forecast that Accenture Plc will post 7.21 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, October 18th were issued a $1.46 dividend. The ex-dividend date of this dividend was Wednesday, October 17th. This represents a yield of 1.68%. This is a positive change from Accenture’s previous semiannual dividend of $1.21. Accenture’s dividend payout ratio (DPR) is 43.32%.
Several brokerages have recently issued reports on ACN. Zacks Investment Research raised Accenture from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Argus raised their target price on Accenture to $200.00 and gave the company a “positive” rating in a research report on Friday, September 28th. They noted that the move was a valuation call. BMO Capital Markets raised their target price on Accenture to $180.00 and gave the company a “market perform” rating in a research report on Friday, September 28th. Credit Suisse Group set a $170.00 target price on Accenture and gave the company a “hold” rating in a research report on Friday, September 28th. Finally, Robert W. Baird raised their target price on Accenture from $174.00 to $176.00 and gave the company a “neutral” rating in a research report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $177.02.
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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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