Accenture PLC (ACN) Shares Bought by State of Tennessee Treasury Department
State of Tennessee Treasury Department grew its holdings in Accenture PLC (NYSE:ACN) by 28.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 217,026 shares of the information technology services provider’s stock after acquiring an additional 47,426 shares during the quarter. State of Tennessee Treasury Department’s holdings in Accenture PLC were worth $29,313,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Accenture PLC in the second quarter valued at about $533,000. TCI Wealth Advisors Inc. boosted its position in shares of Accenture PLC by 23.4% in 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 during the period. Bellwether Investment Group LLC boosted its position in shares of Accenture PLC by 64.2% in 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 during the period. Manchester Capital Management LLC boosted its position in shares of Accenture PLC by 7.0% in 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 during the period. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Accenture PLC in the first quarter valued at about $122,000. 77.73% of the stock is owned by institutional investors.
Accenture PLC (ACN) opened at $144.96 on Wednesday. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $145.50. The stock has a market capitalization of $94,981.16, a P/E ratio of 24.35, a PEG ratio of 2.13 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. equities research analysts predict that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be paid a $1.33 dividend. 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 is currently 48.90%.
ACN has been the subject of a number of recent research reports. Bank of America Corporation initiated coverage on shares of Accenture PLC in a research report on Tuesday, September 12th. They issued a “buy” rating and a $150.00 target price for the company. Stifel Nicolaus boosted their price target on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Wednesday, September 6th. BidaskClub downgraded Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $142.89.
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In related news, insider Daniel T. London sold 637 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $136.03, for a total value of $86,651.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.06, for a total value of $297,132.00. Following the completion of the sale, the insider now owns 118,085 shares in the company, valued at $15,948,560.10. The disclosure for this sale can be found here. Insiders sold 83,325 shares of company stock valued at $11,479,125 in the last ninety days. 0.21% of the stock is currently owned by insiders.
About Accenture PLC
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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