Osborne Partners Capital Management LLC lessened its stake in Accenture PLC (NYSE:ACN) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,819 shares of the information technology services provider’s stock after selling 637 shares during the quarter. Accenture PLC accounts for about 1.1% of Osborne Partners Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Osborne Partners Capital Management LLC’s holdings in Accenture PLC were worth $8,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ACN. TCI Wealth Advisors Inc. boosted its holdings 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 buying an additional 162 shares during the period. Bellwether Investment Group LLC boosted its holdings 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 buying an additional 359 shares during the period. Manchester Capital Management LLC boosted its holdings 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 buying an additional 60 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of Accenture PLC in the first quarter valued at approximately $122,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Accenture PLC by 5.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock valued at $127,000 after buying an additional 52 shares during the period. Institutional investors own 77.82% of the company’s stock.

In related news, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.03, for a total value of $5,210,672.67. Following the transaction, the chief executive officer now directly owns 179,083 shares in the company, valued at $24,181,577.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel T. London sold 637 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. Insiders sold 85,525 shares of company stock worth $11,763,497 over the last three months. Insiders own 0.21% of the company’s stock.

Accenture PLC (NYSE ACN) opened at $144.04 on Friday. The firm has a market cap of $88,543.98, a PE ratio of 24.37, a PEG ratio of 2.13 and a beta of 1.08. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $144.69.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 earnings per share. equities analysts anticipate that Accenture PLC will post 6.54 EPS for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be given a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s payout ratio is presently 48.90%.

ACN has been the topic of a number of 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 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Wednesday, September 6th. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Cowen and Company reissued a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned 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 price target of $141.84.

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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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Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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