Thomas Story & Son LLC trimmed its stake in Accenture Plc (NYSE:ACN) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,540 shares of the information technology services provider’s stock after selling 6,960 shares during the period. Accenture comprises approximately 5.8% of Thomas Story & Son LLC’s investment portfolio, making the stock its 5th biggest position. Thomas Story & Son LLC’s holdings in Accenture were worth $11,260,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ACN. Lenox Wealth Advisors LLC grew its holdings in Accenture by 297.1% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 135 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 101 shares during the period. McIlrath & Eck LLC grew its stake in shares of Accenture by 125.0% in the 3rd quarter. McIlrath & Eck LLC now owns 135 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 75 shares during the period. Next Capital Management LLC acquired a new stake in shares of Accenture in the 2nd quarter valued at about $34,000. Cerebellum GP LLC acquired a new stake in shares of Accenture in the 2nd quarter valued at about $40,000. Finally, Lipe & Dalton acquired a new stake in shares of Accenture in the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 69.98% of the company’s stock.
Accenture stock traded up $0.61 during midday trading on Friday, reaching $189.70. The company’s stock had a trading volume of 1,255,713 shares, compared to its average volume of 1,885,322. Accenture Plc has a fifty-two week low of $132.63 and a fifty-two week high of $202.80. The stock’s 50 day simple moving average is $187.48 and its 200 day simple moving average is $187.54. The firm has a market capitalization of $125.58 billion, a PE ratio of 25.77, a P/E/G ratio of 2.32 and a beta of 1.03.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, October 16th. Accenture’s dividend payout ratio (DPR) is 43.48%.
ACN has been the topic of a number of research reports. Barclays initiated coverage on shares of Accenture in a research report on Friday, September 20th. They set an “overweight” rating and a $228.00 target price on the stock. Redburn Partners started coverage on shares of Accenture in a research report on Monday, September 23rd. They set a “buy” rating and a $227.00 target price on the stock. JPMorgan Chase & Co. set a $216.00 target price on shares of Accenture and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Co raised their target price on shares of Accenture from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Finally, Robert W. Baird lowered their target price on shares of Accenture from $212.00 to $208.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. Accenture currently has a consensus rating of “Buy” and an average target price of $203.25.
In related news, insider Ellyn Shook sold 4,688 shares of Accenture stock in a transaction on Monday, October 28th. The stock was sold at an average price of $183.65, for a total transaction of $860,951.20. Following the completion of the sale, the insider now directly owns 27,271 shares of the company’s stock, valued at $5,008,319.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Richard P. Clark sold 2,752 shares of Accenture stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $185.70, for a total value of $511,046.40. The disclosure for this sale can be found here. Insiders sold a total of 37,014 shares of company stock valued at $6,859,750 in the last 90 days. 0.18% of the stock is owned by company insiders.
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.
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