Accenture PLC (ACN) Holdings Trimmed by Synovus Financial Corp
Synovus Financial Corp lessened its position in Accenture PLC (NYSE:ACN) by 2.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,410 shares of the information technology services provider’s stock after selling 1,005 shares during the period. Synovus Financial Corp’s holdings in Accenture were worth $5,859,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Accenture by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after buying an additional 1,088,676 shares in the last quarter. BlackRock Inc. raised its stake in shares of Accenture by 3.0% in the 2nd quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after buying an additional 1,196,578 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Accenture by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after buying an additional 605,156 shares in the last quarter. State Street Corp raised its stake in shares of Accenture by 2.7% in the 1st quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock worth $3,039,762,000 after buying an additional 665,860 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Accenture by 0.8% in the 2nd quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after acquiring an additional 70,740 shares during the last quarter. 72.51% of the stock is currently owned by institutional investors.
Accenture PLC (ACN) opened at $147.15 on Tuesday. Accenture PLC has a twelve month low of $112.31 and a twelve month high of $148.60. The firm has a market capitalization of $96,730.05, a price-to-earnings ratio of 24.80, a PEG ratio of 2.17 and a beta of 1.08.
Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The business had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. Accenture’s revenue for the quarter was up 7.8% compared to the same quarter last year. sell-side analysts expect that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s dividend payout ratio is 48.90%.
In other Accenture news, insider Richard P. Clark sold 3,155 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $143.01, for a total value of $451,196.55. Following the transaction, the insider now owns 5,533 shares in the company, valued at $791,274.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.03, for a total value of $5,210,672.67. Following the completion of the transaction, the chief executive officer now owns 179,083 shares in the company, valued at approximately $24,181,577.49. 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.
A number of equities analysts recently issued reports on ACN shares. Stifel Nicolaus lifted their target price on Accenture 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 from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a report on Thursday, September 14th. Royal Bank Of Canada lifted their target price on Accenture from $145.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. KeyCorp restated a “buy” rating and issued a $149.00 target price on shares of Accenture in a report on Thursday, September 28th. Finally, Barclays lifted their target price on Accenture from $124.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $144.16.
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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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