361 Capital LLC bought a new stake in Accenture PLC (NYSE:ACN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,389 shares of the information technology services provider’s stock, valued at approximately $863,000.

Several other institutional investors also recently modified their holdings of ACN. Vantage Financial Partners Ltd. Inc. bought a new position in Accenture PLC in the 2nd quarter worth about $533,000. Jacobi Capital Management LLC grew its position in Accenture PLC by 104.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. grew its position in Accenture PLC by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 162 shares during the last quarter. Bellwether Investment Group LLC grew its position in Accenture PLC by 64.2% in the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in Accenture PLC by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 71.36% of the company’s stock.

A number of analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Accenture PLC from $148.00 to $162.00 and gave the stock a “reduce” rating in a research note on Thursday, November 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 price target on shares of Accenture PLC in a research note on Friday, November 3rd. Pivotal Research assumed coverage on shares of Accenture PLC in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price target for the company. KeyCorp reaffirmed a “buy” rating and issued a $149.00 price target on shares of Accenture PLC in a research note on Sunday, October 29th. Finally, Cowen Inc set a $150.00 target price on shares of Accenture PLC and gave the company a “buy” rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $143.73.

Accenture PLC (ACN) opened at $147.11 on Friday. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $148.47. The stock has a market cap of $97,086.42, a price-to-earnings ratio of 24.89, a P/E/G ratio of 2.18 and a beta of 1.08.

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

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

In other Accenture PLC news, insider Gianfranco Casati sold 20,380 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $142.72, for a total value of $2,908,633.60. Following the completion of the sale, the insider now owns 51,014 shares in the company, valued at approximately $7,280,718.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.06, for a total transaction of $297,132.00. Following the completion of the sale, the insider now owns 118,085 shares of the company’s stock, valued at approximately $15,948,560.10. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock valued at $11,479,125 over the last ninety days. 0.21% of the stock is owned by insiders.

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Accenture PLC 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.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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