Arcadia Investment Management Corp MI reduced its stake in Accenture PLC (NYSE:ACN) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,867 shares of the information technology services provider’s stock after selling 1,555 shares during the period. Accenture PLC makes up approximately 2.7% of Arcadia Investment Management Corp MI’s holdings, making the stock its 4th largest holding. Arcadia Investment Management Corp MI’s holdings in Accenture PLC were worth $8,762,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC grew its stake in shares of Accenture PLC by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after purchasing an additional 12 shares during the period. Glenview Trust Co grew its stake in shares of Accenture PLC by 0.3% in the 1st quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock valued at $591,000 after purchasing an additional 15 shares during the period. AlphaMark Advisors LLC grew its stake in shares of Accenture PLC by 0.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after purchasing an additional 20 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Accenture PLC by 1.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 24 shares during the period. Finally, Bank of The Ozarks grew its stake in shares of Accenture PLC by 0.7% in the 1st quarter. Bank of The Ozarks now owns 3,490 shares of the information technology services provider’s stock valued at $418,000 after purchasing an additional 25 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 on 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 completion of the sale, the chief executive officer now owns 179,083 shares in the company, valued at approximately $24,181,577.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gianfranco Casati sold 20,380 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $142.72, for a total transaction of $2,908,633.60. Following the completion of the sale, the insider now owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The disclosure for this sale can be found here. In the last three months, insiders sold 85,525 shares of company stock worth $11,763,497. 0.21% of the stock is currently owned by company insiders.

ACN has been the topic of several recent analyst reports. Bank of America Corporation initiated coverage on Accenture PLC in a report on Tuesday, September 12th. They issued a “buy” rating and a $150.00 target price on the stock. Stifel Nicolaus boosted their target price on Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Wednesday, September 6th. BidaskClub downgraded Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Cowen and Company reissued a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $141.84.

Accenture PLC (NYSE:ACN) opened at $144.04 on Friday. The company has a market cap of $88.17 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.12 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for 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 firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 EPS. equities research analysts forecast that Accenture PLC will post 6.54 EPS for the current year.

The business also recently declared 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 (DPR) is currently 48.90%.

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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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