Eastern Bank increased its holdings in Accenture Plc (NYSE:ACN) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,824 shares of the information technology services provider’s stock after purchasing an additional 89 shares during the quarter. Eastern Bank’s holdings in Accenture were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ACN. TCI Wealth Advisors Inc. boosted its position in shares of Accenture by 11.2% during the 1st quarter. TCI Wealth Advisors Inc. now owns 637 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 64 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Accenture by 1.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 5,582 shares of the information technology services provider’s stock worth $787,000 after purchasing an additional 67 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Accenture by 15.6% during the 4th quarter. Global Retirement Partners LLC now owns 496 shares of the information technology services provider’s stock worth $70,000 after purchasing an additional 67 shares in the last quarter. South State Corp boosted its position in shares of Accenture by 0.9% during the 4th quarter. South State Corp now owns 7,531 shares of the information technology services provider’s stock worth $1,062,000 after purchasing an additional 69 shares in the last quarter. Finally, WealthTrust Arizona LLC boosted its position in shares of Accenture by 25.1% during the 4th quarter. WealthTrust Arizona LLC now owns 359 shares of the information technology services provider’s stock worth $51,000 after purchasing an additional 72 shares in the last quarter. 70.14% of the stock is currently owned by institutional investors.

NYSE:ACN opened at $178.61 on Monday. The stock has a market capitalization of $120.02 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 2.37 and a beta of 1.12. Accenture Plc has a 52 week low of $132.63 and a 52 week high of $180.00.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.16. The firm had revenue of $10.45 billion during the quarter, compared to analyst estimates of $10.30 billion. Accenture had a net margin of 10.52% and a return on equity of 38.57%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. As a group, equities research analysts forecast that Accenture Plc will post 7.3 earnings per share for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a $1.46 dividend. The ex-dividend date is Wednesday, April 10th. This represents a yield of 1.66%. Accenture’s dividend payout ratio (DPR) is 43.32%.

A number of equities research analysts recently weighed in on ACN shares. Bank of America upgraded shares of Accenture from a “neutral” rating to a “buy” rating and set a $143.07 target price on the stock in a report on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. SunTrust Banks lowered their target price on shares of Accenture from $178.00 to $157.00 and set a “hold” rating on the stock in a report on Monday, December 24th. They noted that the move was a valuation call. ValuEngine lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Cantor Fitzgerald upped their target price on shares of Accenture from $185.00 to $199.00 and gave the stock an “overweight” rating in a report on Friday, March 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Accenture presently has an average rating of “Buy” and an average price target of $183.58.

In other Accenture news, COO Johan Deblaere sold 3,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $175.80, for a total value of $527,400.00. Following the completion of the sale, the chief operating officer now owns 74,937 shares in the company, valued at approximately $13,173,924.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Rowland sold 2,883 shares of the stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $151.75, for a total transaction of $437,495.25. Following the completion of the sale, the chief executive officer now owns 27,367 shares of the company’s stock, valued at approximately $4,152,942.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,398 shares of company stock valued at $1,870,285. Company insiders own 0.18% of the company’s stock.

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Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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