Lenox Wealth Management Inc. Buys 6,072 Shares of Accenture PLC (ACN)
Lenox Wealth Management Inc. boosted its stake in shares of Accenture PLC (NYSE:ACN) by 47.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,935 shares of the information technology services provider’s stock after acquiring an additional 6,072 shares during the quarter. Accenture comprises about 0.9% of Lenox Wealth Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Lenox Wealth Management Inc.’s holdings in Accenture were worth $2,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of ACN. Jacobi Capital Management LLC grew its stake in Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in Accenture 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 purchasing an additional 162 shares in the last quarter. Manchester Capital Management LLC grew its stake in Accenture 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 purchasing an additional 60 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Accenture in the first quarter worth approximately $122,000. Finally, Parkside Financial Bank & Trust grew its stake in Accenture 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 purchasing an additional 52 shares in the last quarter. 72.51% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on ACN shares. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, August 28th. Stifel Nicolaus upped their target price on Accenture from $138.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. KeyCorp restated a “buy” rating and set a $149.00 target price on shares of Accenture in a report on Sunday, October 29th. Pivotal Research started coverage on Accenture in a report on Wednesday, November 8th. They set a “buy” rating and a $165.00 target price for the company. Finally, Cowen set a $150.00 target price on Accenture and gave the stock a “buy” rating in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $144.38.
Shares of Accenture PLC (NYSE ACN) opened at $148.27 on Thursday. Accenture PLC has a twelve month low of $112.31 and a twelve month high of $148.60. The company has a market capitalization of $97,456.00, a price-to-earnings ratio of 24.99, a PEG ratio of 2.19 and a beta of 1.08.
Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the 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 revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.31 EPS. analysts expect that Accenture PLC will post 6.54 earnings per share for the current year.
The company 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 of this dividend was Wednesday, October 18th. This represents a yield of 1.97%. Accenture’s dividend payout ratio (DPR) is 48.90%.
In related news, insider Gianfranco Casati sold 20,380 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total value of $2,908,633.60. Following the completion of the transaction, the insider now owns 51,014 shares in the company, valued at approximately $7,280,718.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The disclosure for this sale can be found here. Insiders sold a total of 83,325 shares of company stock valued at $11,479,125 in the last 90 days. 0.21% of the stock is currently owned by company insiders.
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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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