Bienville Capital Management LLC acquired a new position in shares of Accenture Plc (NYSE:ACN) during the first quarter, Holdings Channel reports. The institutional investor acquired 1,182 shares of the information technology services provider’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc raised its holdings in shares of Accenture by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock valued at $9,064,818,000 after buying an additional 770,904 shares during the period. BlackRock Inc. raised its holdings in shares of Accenture by 0.7% in the 4th quarter. BlackRock Inc. now owns 42,873,376 shares of the information technology services provider’s stock valued at $6,045,575,000 after buying an additional 316,879 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Accenture by 10,215.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,674,776 shares of the information technology services provider’s stock valued at $175,000 after buying an additional 24,435,584 shares during the period. Northern Trust Corp raised its holdings in shares of Accenture by 1.0% in the 1st quarter. Northern Trust Corp now owns 9,953,819 shares of the information technology services provider’s stock valued at $1,752,071,000 after buying an additional 101,220 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Accenture by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 8,446,583 shares of the information technology services provider’s stock valued at $1,189,171,000 after buying an additional 383,234 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on ACN. ValuEngine upgraded Accenture from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. KeyCorp boosted their price objective on Accenture from $173.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, March 29th. Credit Suisse Group set a $170.00 price objective on Accenture and gave the company a “hold” rating in a report on Tuesday, April 9th. Berenberg Bank restated a “buy” rating and set a $190.00 price target on shares of Accenture in a report on Monday, April 1st. Finally, William Blair restated an “outperform” rating on shares of Accenture in a report on Friday, March 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $184.11.

NYSE:ACN opened at $184.59 on Thursday. The stock has a market cap of $123.22 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 2.43 and a beta of 1.08. Accenture Plc has a 1 year low of $132.63 and a 1 year high of $186.68.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.16. The business had revenue of $10.45 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Accenture had a return on equity of 38.57% and a net margin of 10.52%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 EPS. Equities research analysts predict that Accenture Plc will post 7.29 earnings per share for the current year.

The firm also recently disclosed a semiannual dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th were given a dividend of $1.46 per share. The ex-dividend date was Wednesday, April 10th. This represents a dividend yield of 1.66%. Accenture’s dividend payout ratio is currently 43.32%.

In related news, insider Ellyn Shook sold 2,343 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $175.83, for a total value of $411,969.69. Following the completion of the sale, the insider now directly owns 33,545 shares of the company’s stock, valued at approximately $5,898,217.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Chad T. Jerdee sold 2,441 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $177.77, for a total value of $433,936.57. Following the completion of the sale, the general counsel now directly owns 13,381 shares of the company’s stock, valued at $2,378,740.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,919 shares of company stock valued at $11,695,852. Insiders own 0.18% of the company’s stock.

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Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

Further Reading: Cost of Equity For A Business, Investors

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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