Keybank National Association OH cut its holdings in Accenture PLC (NYSE:ACN) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 639,490 shares of the information technology services provider’s stock after selling 61,202 shares during the quarter. Keybank National Association OH owned about 0.10% of Accenture PLC worth $86,376,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Flagship Harbor Advisors LLC boosted its stake in Accenture PLC by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after acquiring an additional 12 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in Accenture PLC by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after acquiring an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in Accenture PLC by 1.4% in the second 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 acquiring an additional 24 shares during the last quarter. Boston Financial Mangement LLC boosted its stake in Accenture PLC by 0.5% in the first quarter. Boston Financial Mangement LLC now owns 5,469 shares of the information technology services provider’s stock valued at $656,000 after acquiring an additional 28 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its stake in Accenture PLC by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 2,405 shares of the information technology services provider’s stock valued at $288,000 after acquiring an additional 29 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Accenture PLC (ACN) opened at $144.26 on Thursday. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $145.50. The stock has a market cap of $95,667.52, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same period in the previous year, the business earned $1.31 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. equities research analysts expect that Accenture PLC will post 6.54 EPS for the current year.

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

Several equities research analysts have weighed in on ACN shares. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Monday, August 28th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 target price on shares of Accenture PLC in a report on Thursday, September 21st. Cowen and Company set a $150.00 target price on shares of Accenture PLC and gave the stock a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 target price on shares of Accenture PLC in a report on Friday, November 3rd. Finally, SunTrust Banks, Inc. set a $130.00 target price on shares of Accenture PLC and gave the stock a “hold” rating in a report on Sunday, October 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Accenture PLC presently has an average rating of “Buy” and an average target price of $142.89.

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In other news, insider Daniel T. London sold 637 shares of Accenture PLC stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Johan Deblaere sold 5,000 shares of Accenture PLC stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.05, for a total transaction of $675,250.00. Following the completion of the transaction, the chief operating officer now directly owns 120,817 shares of the company’s stock, valued at approximately $16,316,335.85. The disclosure for this sale can be found here. Insiders sold a total of 83,325 shares of company stock worth $11,479,125 over the last quarter. Company insiders own 0.21% of the company’s stock.

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.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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