Accenture PLC (ACN) Shares Sold by Fuller & Thaler Asset Management Inc.
Fuller & Thaler Asset Management Inc. lessened its position in Accenture PLC (NYSE:ACN) by 29.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,200 shares of the information technology services provider’s stock after selling 2,600 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Accenture were worth $837,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Accenture by 2,139.5% during the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after buying an additional 37,700,871 shares in the last quarter. Vanguard Group Inc. increased its position in Accenture by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock valued at $5,679,843,000 after buying an additional 2,749,896 shares in the last quarter. Janus Henderson Group PLC increased its position in Accenture by 2,531.4% during the 2nd quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock valued at $311,760,000 after buying an additional 2,424,888 shares in the last quarter. BT Investment Management Ltd bought a new position in Accenture during the 2nd quarter valued at approximately $220,158,000. Finally, Lazard Asset Management LLC increased its position in Accenture by 38.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock valued at $515,189,000 after buying an additional 1,202,048 shares in the last quarter. Institutional investors own 71.36% of the company’s stock.
A number of research firms recently weighed in on ACN. Evercore ISI raised their price objective on Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a research report on Thursday, November 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 price objective on shares of Accenture in a research report on Friday, November 3rd. Pivotal Research began coverage on Accenture in a research report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and set a $149.00 price objective on shares of Accenture in a research report on Sunday, October 29th. Finally, Cowen Inc set a $150.00 price objective on Accenture and gave the company a “buy” rating in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $143.73.
In other news, insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction on 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 directly owns 5,533 shares in the company, valued at approximately $791,274.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gianfranco Casati sold 20,380 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total value of $2,908,633.60. Following the completion of the transaction, the insider now owns 51,014 shares in the company, valued at $7,280,718.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,325 shares of company stock worth $11,479,125. Company insiders own 0.21% of the company’s stock.
Shares of Accenture PLC (ACN) opened at $147.63 on Friday. The company has a market capitalization of $97,429.60, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. Accenture PLC has a fifty-two week low of $112.31 and a fifty-two week high of $148.47.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 EPS. equities analysts anticipate that Accenture PLC will post 6.54 earnings per share for the current year.
The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were paid a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s dividend payout ratio (DPR) is currently 48.90%.
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Accenture 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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