Accenture PLC (ACN) Stake Lessened by OLD National Bancorp IN
OLD National Bancorp IN lowered its stake in shares of Accenture PLC (NYSE:ACN) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,996 shares of the information technology services provider’s stock after selling 1,014 shares during the quarter. OLD National Bancorp IN’s holdings in Accenture PLC were worth $2,296,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Accenture PLC during the second quarter valued at about $533,000. TCI Wealth Advisors Inc. increased its holdings in shares of Accenture PLC by 23.4% during 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 in the last quarter. Bellwether Investment Group LLC increased its holdings in shares of Accenture PLC by 64.2% during 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 in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Accenture PLC by 7.0% during 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 in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Accenture PLC during the first quarter valued at about $122,000. Hedge funds and other institutional investors own 77.47% of the company’s stock.
Accenture PLC (ACN) opened at $143.89 on Friday. The firm has a market capitalization of $88,414.87, a P/E ratio of 24.34, a PEG ratio of 2.13 and a beta of 1.08. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $145.00.
Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 EPS. research analysts predict that Accenture PLC will post 6.54 EPS for the current year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be paid a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is 48.90%.
Several equities analysts have recently issued reports on ACN shares. Stifel Nicolaus upped their price objective on shares of Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a research report on Thursday, September 14th. Royal Bank Of Canada upped their target price on Accenture PLC from $145.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, KeyCorp reiterated a “buy” rating and issued a $149.00 target price on shares of Accenture PLC in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $142.89.
In other 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 transaction of $86,651.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was 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 of the company’s stock, valued at $24,181,577.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,325 shares of company stock valued at $11,479,125. Corporate insiders own 0.21% of the company’s stock.
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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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