Accenture PLC (ACN) Shares Bought by Todd Asset Management LLC
Todd Asset Management LLC boosted its holdings in shares of Accenture PLC (NYSE:ACN) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,900 shares of the information technology services provider’s stock after purchasing an additional 400 shares during the period. Todd Asset Management LLC’s holdings in Accenture PLC were worth $3,080,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in ACN. Waldron LP grew its position in shares of Accenture PLC by 93.3% in the 1st quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after buying an additional 2,756 shares during the last quarter. Pinnacle Financial Partners Inc. increased its stake in shares of Accenture PLC by 25.6% during the first quarter. Pinnacle Financial Partners Inc. now owns 4,071 shares of the information technology services provider’s stock valued at $488,000 after buying an additional 830 shares during the period. NTV Asset Management LLC purchased a new position in shares of Accenture PLC during the first quarter valued at approximately $1,585,000. US Bancorp DE increased its stake in shares of Accenture PLC by 4.4% during the first quarter. US Bancorp DE now owns 1,323,214 shares of the information technology services provider’s stock valued at $158,628,000 after buying an additional 55,982 shares during the period. Finally, AT Bancorp increased its stake in shares of Accenture PLC by 23.8% during the first quarter. AT Bancorp now owns 12,244 shares of the information technology services provider’s stock valued at $1,468,000 after buying an additional 2,355 shares during the period. Institutional investors own 77.73% of the company’s stock.
Several research firms recently weighed in on ACN. Berenberg Bank reiterated a “buy” rating and issued a $160.00 price target on shares of Accenture PLC in a report on Thursday, September 21st. 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 report on Thursday, September 21st. KeyCorp restated a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a report on Friday, September 22nd. Morgan Stanley upped their price objective on shares of Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $148.00 target price (up from $142.00) on shares of Accenture PLC in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $140.12.
Shares of Accenture PLC (ACN) opened at 135.07 on Monday. The stock has a market capitalization of $83.41 billion, a P/E ratio of 24.82 and a beta of 1.08. Accenture PLC has a 52 week low of $109.50 and a 52 week high of $138.15. The firm’s 50-day moving average price is $130.89 and its 200 day moving average price is $124.97.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $9.15 billion for 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 quarterly 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 expect that Accenture PLC will post $6.54 earnings per share for the current year.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be given a dividend of $1.33 per share. The ex-dividend date is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s payout ratio is 44.49%.
In other news, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total transaction of $650,000.00. Following the transaction, the insider now directly owns 56,014 shares of the company’s stock, valued at $7,281,820. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $129.26, for a total value of $284,372.00. Following the transaction, the insider now directly owns 119,013 shares in the company, valued at $15,383,620.38. The disclosure for this sale can be found here. Insiders have sold 20,582 shares of company stock valued at $2,634,573 in the last three months. 0.21% of the stock is currently owned by corporate insiders.
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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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