Accenture PLC (ACN) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System increased its stake in Accenture PLC (NYSE:ACN) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,578,919 shares of the information technology services provider’s stock after purchasing an additional 7,500 shares during the quarter. California Public Employees Retirement System owned 0.26% of Accenture PLC worth $195,281,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Accenture PLC in the 2nd quarter valued at about $533,000. TCI Wealth Advisors Inc. increased its holdings in shares of 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 valued at $106,000 after purchasing an additional 162 shares in the last quarter. Bellwether Investment Group LLC increased its holdings in shares of 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 valued at $110,000 after purchasing an additional 359 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of 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 valued at $114,000 after purchasing an additional 60 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Accenture PLC by 2.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 77.69% of the company’s stock.
In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of Accenture PLC stock in a transaction dated 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 owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel T. London sold 637 shares of Accenture PLC stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 64,110 shares of company stock worth $8,573,675. Company insiders own 0.21% of the company’s stock.
ACN has been the topic of a number of research reports. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, September 21st. Berenberg Bank reissued a “buy” rating and issued a $160.00 price objective on shares of Accenture PLC in a research note on Thursday, September 21st. Morgan Stanley increased their price objective on shares of Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, September 22nd. Robert W. Baird reissued a “neutral” rating and issued a $148.00 price objective (up from $142.00) on shares of Accenture PLC in a research note on Friday, September 22nd. Finally, KeyCorp reissued a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $141.84.
Shares of Accenture PLC (NYSE:ACN) opened at 138.65 on Wednesday. The company has a 50 day moving average of $135.07 and a 200 day moving average of $126.75. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $140.00. The firm has a market capitalization of $85.62 billion, a PE ratio of 25.48 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm 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 earned $1.31 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts anticipate that Accenture PLC will post $6.56 earnings per share for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be paid a dividend of $1.33 per share. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is presently 44.49%.
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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.
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