Bartlett & Co. LLC Has $24.59 Million Stake in Accenture PLC (ACN)
Bartlett & Co. LLC lifted its stake in Accenture PLC (NYSE:ACN) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,068 shares of the information technology services provider’s stock after acquiring an additional 3,525 shares during the period. Bartlett & Co. LLC’s holdings in Accenture PLC were worth $24,592,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of 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 worth $106,000 after acquiring 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 worth $110,000 after acquiring 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 worth $114,000 after acquiring an additional 60 shares during the period. Harbour Capital Advisors LLC bought a new position in shares of Accenture PLC in the first quarter worth $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 worth $127,000 after acquiring an additional 52 shares during the period. 77.47% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction dated 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 owns 119,013 shares in the company, valued at $15,383,620.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David Rowland sold 3,702 shares of Accenture PLC stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the completion of the transaction, the chief financial officer now owns 9,864 shares in the company, valued at approximately $1,332,034.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,525 shares of company stock worth $11,763,497. Company insiders own 0.21% of the company’s stock.
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A number of research firms have recently commented on ACN. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 price target on shares of Accenture PLC in a report on Friday. KeyCorp reaffirmed a “buy” rating and issued a $149.00 price target on shares of Accenture PLC in a report on Sunday, October 29th. Cowen and Company set a $150.00 price target on Accenture PLC and gave the stock a “buy” rating in a report on Monday, October 23rd. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $144.00 price target on shares of Accenture PLC in a report on Tuesday, October 3rd. Finally, UBS AG lowered Accenture PLC from a “positive” rating to a “neutral” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $141.84.
Shares of Accenture PLC (NYSE:ACN) opened at $144.04 on Monday. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $144.69. The firm has a market capitalization of $88,543.95, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 return on equity of 42.65% and a net margin of 9.37%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 earnings per share. analysts forecast that Accenture PLC will post 6.54 earnings per share 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 issued a $1.33 dividend. The ex-dividend date is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio is currently 48.90%.
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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