Bbva Compass Bancshares Inc. decreased its position in shares of Accenture PLC (NYSE:ACN) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,342 shares of the company’s stock after selling 2,813 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Accenture PLC were worth $5,584,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Accenture PLC by 2,139.5% in the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the company’s stock valued at $4,730,821,000 after purchasing an additional 37,700,871 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Accenture PLC by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the company’s stock valued at $5,679,843,000 after purchasing an additional 2,749,896 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Accenture PLC by 2,531.4% in the 2nd quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the company’s stock valued at $311,760,000 after purchasing an additional 2,424,888 shares in the last quarter. BT Investment Management Ltd purchased a new position in Accenture PLC in the 2nd quarter valued at $220,158,000. Finally, Wellington Management Group LLP lifted its holdings in Accenture PLC by 8.8% in the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the company’s stock valued at $2,587,385,000 after purchasing an additional 1,738,262 shares in the last quarter. 77.47% of the stock is currently owned by institutional investors and hedge funds.
In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of C$135.03, for a total value of C$5,210,672.67. Following the completion of the sale, the chief executive officer now owns 179,083 shares in the company, valued at C$24,181,577.49. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gianfranco Casati sold 20,380 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of C$142.72, for a total value of C$2,908,633.60. Following the completion of the sale, the insider now owns 51,014 shares of the company’s stock, valued at approximately C$7,280,718.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is owned by company insiders.
A number of research analysts have weighed in on ACN shares. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, August 28th. Stifel Nicolaus lifted their price target on Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Cowen and Company set a $150.00 price target on Accenture PLC and gave the stock a “buy” rating in a report on Monday, October 23rd. Morgan Stanley lifted their price target on Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. Finally, Bank of America Corporation initiated coverage on Accenture PLC in a report on Tuesday, September 12th. They set a “buy” rating and a $150.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$142.89.
Shares of Accenture PLC (ACN) opened at C$143.89 on Friday. The firm has a market capitalization of $88,451.77, a P/E ratio of 24.35, a P/E/G ratio of 2.13 and a beta of 1.08. Accenture PLC has a 52 week low of C$112.31 and a 52 week high of C$145.00.
Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The company reported C$1.48 earnings per share for the quarter, topping the consensus estimate of C$1.47 by C$0.01. The firm had revenue of C$9.15 billion during the quarter, compared to analysts’ expectations of C$9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. analysts forecast that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be paid a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s payout ratio is 48.90%.
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Accenture PLC Company 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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