Accenture PLC (ACN) is Santa Barbara Asset Management LLC’s 10th Largest Position

Santa Barbara Asset Management LLC raised its position in Accenture PLC (NYSE:ACN) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,238,260 shares of the information technology services provider’s stock after purchasing an additional 3,841 shares during the period. Accenture accounts for 2.7% of Santa Barbara Asset Management LLC’s investment portfolio, making the stock its 10th biggest position. Santa Barbara Asset Management LLC owned about 0.19% of Accenture worth $167,252,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. KCG Holdings Inc. lifted its holdings in shares of Accenture by 132.7% during the 1st quarter. KCG Holdings Inc. now owns 11,762 shares of the information technology services provider’s stock worth $1,410,000 after acquiring an additional 6,708 shares during the last quarter. United Capital Financial Advisers LLC lifted its holdings in shares of Accenture by 2.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 123,379 shares of the information technology services provider’s stock worth $14,791,000 after acquiring an additional 2,543 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Accenture by 0.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,535 shares of the information technology services provider’s stock worth $664,000 after acquiring an additional 35 shares during the last quarter. Brown Advisory Securities LLC lifted its holdings in shares of Accenture by 5.5% during the 1st quarter. Brown Advisory Securities LLC now owns 32,249 shares of the information technology services provider’s stock worth $3,867,000 after acquiring an additional 1,678 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Accenture by 4.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,990,054 shares of the information technology services provider’s stock worth $238,568,000 after acquiring an additional 84,671 shares during the last quarter. 72.51% of the stock is owned by hedge funds and other institutional investors.

In other Accenture news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.06, for a total value of $297,132.00. Following the transaction, the insider now owns 118,085 shares in the company, valued at $15,948,560.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard P. Clark sold 3,155 shares of the business’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 completion of the transaction, the insider now owns 5,533 shares in the company, valued at approximately $791,274.33. The disclosure for this sale can be found here. Insiders sold 83,325 shares of company stock worth $11,479,125 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

ACN has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Monday, August 28th. Stifel Nicolaus lifted their price objective on shares of Accenture from $138.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Bank of America initiated coverage on shares of Accenture in a report on Tuesday, September 12th. They set a “buy” rating and a $150.00 price objective for the company. Cowen reaffirmed a “buy” rating and set a $150.00 price objective (up from $135.00) on shares of Accenture in a report on Tuesday, September 19th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $160.00 price objective on shares of Accenture in a report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Accenture currently has a consensus rating of “Buy” and a consensus price target of $144.16.

Accenture PLC (ACN) opened at $147.67 on Wednesday. The company has a market cap of $97,112.82, a price-to-earnings ratio of 24.90, a P/E/G ratio of 2.18 and a beta of 1.08. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $148.60.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The company had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter last year, the company earned $1.31 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. analysts expect that Accenture PLC will post 6.54 earnings per share for the current year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were given a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture’s payout ratio is 48.90%.

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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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