Accenture PLC (ACN) Holdings Boosted by Commerce Bank
Commerce Bank raised its holdings in Accenture PLC (NYSE:ACN) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,083 shares of the information technology services provider’s stock after buying an additional 2,484 shares during the quarter. Commerce Bank’s holdings in Accenture PLC were worth $4,469,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of ACN. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Accenture PLC during the second quarter valued at approximately $533,000. Jacobi Capital Management LLC increased its holdings in shares of Accenture PLC by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. increased its holdings in shares of Accenture PLC by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares in the last quarter. Bellwether Investment Group LLC increased its holdings in shares of Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after acquiring an additional 359 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of Accenture PLC by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares in the last quarter. 71.36% of the stock is currently owned by hedge funds and other institutional investors.
ACN has been the subject of several recent research reports. 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 for the company. Stifel Nicolaus upped 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. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Wednesday, September 6th. BidaskClub downgraded Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Cowen and Company reiterated a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $143.73.
In related news, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the transaction, the chief executive officer now directly owns 179,083 shares in the company, valued at approximately $24,181,577.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David Rowland sold 3,702 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the transaction, the chief financial officer now owns 9,864 shares in the company, valued at $1,332,034.56. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock worth $11,479,125 over the last quarter. Corporate insiders own 0.21% of the company’s stock.
Accenture PLC (ACN) opened at $147.11 on Thursday. The company has a market capitalization of $93,740.00, a PE ratio of 25.04, a PEG ratio of 2.19 and a beta of 1.08. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $148.47.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 EPS. equities analysts expect that Accenture PLC will post 6.54 EPS for the current year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were given a dividend of $1.33 per share. The ex-dividend date was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is presently 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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