Honkamp Krueger Financial Services Inc. raised its stake in shares of Accenture PLC (NYSE:ACN) by 19.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,010 shares of the information technology services provider’s stock after acquiring an additional 645 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Accenture PLC were worth $542,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. KBC Group NV grew its holdings in shares of Accenture PLC by 4.5% in the first quarter. KBC Group NV now owns 114,948 shares of the information technology services provider’s stock valued at $13,781,000 after purchasing an additional 4,977 shares in the last quarter. Bank of The Ozarks grew its holdings in shares of Accenture PLC by 0.7% in the first quarter. Bank of The Ozarks now owns 3,490 shares of the information technology services provider’s stock valued at $418,000 after purchasing an additional 25 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Accenture PLC by 1.5% in the first quarter. Prudential Financial Inc. now owns 2,119,246 shares of the information technology services provider’s stock valued at $254,055,000 after purchasing an additional 31,823 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Accenture PLC by 14.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 632,012 shares of the information technology services provider’s stock valued at $75,766,000 after purchasing an additional 80,090 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Accenture PLC by 5.1% in the first quarter. Stifel Financial Corp now owns 473,693 shares of the information technology services provider’s stock valued at $56,800,000 after purchasing an additional 23,046 shares in the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.

Shares of Accenture PLC (ACN) opened at $144.04 on Monday. The firm has a market cap of $88,543.95, a P/E ratio of 24.37, a PEG ratio of 2.13 and a beta of 1.08. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $144.69.

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

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be given a $1.33 dividend. The ex-dividend date is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is 48.90%.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and issued a $150.00 price objective on shares of Accenture PLC in a report on Friday. KeyCorp restated a “buy” rating and issued a $149.00 price objective on shares of Accenture PLC in a report on Sunday, October 29th. Cowen and Company set a $150.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a report on Monday, October 23rd. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $144.00 price objective on shares of Accenture PLC in a report on Tuesday, October 3rd. Finally, UBS AG cut shares of Accenture PLC from a “positive” rating to a “neutral” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $141.84.

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In related news, insider Richard P. Clark sold 3,155 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $143.01, for a total value of $451,196.55. Following the completion of the sale, the insider now owns 5,533 shares in the company, valued at approximately $791,274.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total transaction of $284,372.00. Following the completion of the sale, the insider now owns 119,013 shares of the company’s stock, valued at approximately $15,383,620.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,525 shares of company stock valued at $11,763,497. 0.21% of the stock is owned by insiders.

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.

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

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