Accenture PLC (ACN) Position Lowered by Meiji Yasuda Life Insurance Co
Meiji Yasuda Life Insurance Co cut its holdings in shares of Accenture PLC (NYSE:ACN) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,975 shares of the information technology services provider’s stock after selling 200 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Accenture PLC were worth $2,718,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in ACN. Bellwether Investment Group LLC raised 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 buying an additional 359 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Accenture PLC by 2.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after acquiring an additional 19 shares during the period. Harbour Capital Advisors LLC bought a new position in Accenture PLC during the 1st quarter valued at about $122,000. Farmers & Merchants Investments Inc. lifted its stake in Accenture PLC by 28.9% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,115 shares of the information technology services provider’s stock valued at $138,000 after acquiring an additional 250 shares during the period. Finally, Monroe Bank & Trust MI lifted its stake in Accenture PLC by 37.3% during the 2nd quarter. Monroe Bank & Trust MI now owns 1,288 shares of the information technology services provider’s stock valued at $159,000 after acquiring an additional 350 shares during the period. 77.73% of the stock is currently owned by institutional investors.
Shares of Accenture PLC (ACN) opened at 134.25 on Wednesday. The stock’s 50 day moving average is $132.95 and its 200 day moving average is $125.87. The company has a market capitalization of $82.90 billion, a P/E ratio of 24.67 and a beta of 1.08. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $138.70.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same period in the previous year, the company posted $1.31 earnings per share. Accenture PLC’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts predict that Accenture PLC will post $6.55 EPS for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is 44.49%.
A number of analysts have recently issued reports on ACN shares. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $144.00 price target on shares of Accenture PLC in a report on Tuesday. UBS AG cut shares of Accenture PLC from a “positive” rating to a “neutral” rating in a report on Tuesday. SunTrust Banks, Inc. set a $130.00 price objective on shares of Accenture PLC and gave the company a “hold” rating in a report on Sunday. Stifel Nicolaus restated a “buy” rating and set a $150.00 price objective on shares of Accenture PLC in a research report on Sunday. Finally, BMO Capital Markets increased their price objective on shares of Accenture PLC from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, September 29th. One research 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. Accenture PLC currently has a consensus rating of “Buy” and an average target price of $141.84.
In related news, insider Richard Lumb sold 2,200 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.06, for a total transaction of $297,132.00. Following the sale, the insider now directly owns 118,085 shares of the company’s stock, valued at $15,948,560.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie Spellman Sweet sold 1,974 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $128.68, for a total transaction of $254,014.32. Following the sale, the insider now directly owns 14,082 shares in the company, valued at $1,812,071.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,073 shares of company stock valued at $9,317,545. Insiders own 0.21% of the company’s stock.
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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