Bronfman E.L. Rothschild L.P. cut its holdings in Accenture PLC (NYSE:ACN) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,190 shares of the information technology services provider’s stock after selling 1,869 shares during the quarter. Accenture accounts for 0.9% of Bronfman E.L. Rothschild L.P.’s portfolio, making the stock its 20th biggest holding. Bronfman E.L. Rothschild L.P.’s holdings in Accenture were worth $7,860,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ACN. Flagship Harbor Advisors LLC boosted its position in Accenture by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after purchasing an additional 12 shares in the last quarter. AlphaMark Advisors LLC boosted its position in Accenture by 0.9% during the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after purchasing an additional 20 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Accenture by 1.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after purchasing an additional 24 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Accenture by 1.2% during the first quarter. Guardian Life Insurance Co. of America now owns 2,405 shares of the information technology services provider’s stock worth $288,000 after purchasing an additional 29 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in Accenture by 0.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,535 shares of the information technology services provider’s stock worth $664,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 71.36% of the company’s stock.

A number of research firms have commented on ACN. Evercore ISI boosted their target price on Accenture from $148.00 to $162.00 and gave the stock a “reduce” rating in a research report on Thursday, November 16th. Stifel Nicolaus restated a “buy” rating and issued 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 issued a “buy” rating and a $165.00 price objective on the stock. KeyCorp restated a “buy” rating and issued 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 investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Accenture has a consensus rating of “Buy” and a consensus target price of $143.73.

Accenture PLC (ACN) opened at $147.63 on Monday. The company has a market capitalization of $94,640.00, a price-to-earnings ratio of 24.98, a P/E/G ratio of 2.18 and a beta of 1.08. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $148.47.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The firm 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 business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 earnings per share. research analysts expect that Accenture PLC will post 6.54 EPS for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, October 19th were paid a $1.33 dividend. The ex-dividend date was Wednesday, October 18th. This represents a yield of 1.97%. Accenture’s payout ratio is currently 48.90%.

In other Accenture news, insider Richard P. Clark sold 3,155 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $143.01, for a total transaction of $451,196.55. Following the completion of the sale, the insider now directly owns 5,533 shares in the company, valued at $791,274.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 179,083 shares of the company’s stock, valued at $24,181,577.49. The disclosure for this sale can be found here. Insiders sold 83,325 shares of company stock valued at $11,479,125 over the last quarter. Insiders own 0.21% of the company’s stock.

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About Accenture

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 (NYSE:ACN)

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