New York State Teachers Retirement System decreased its holdings in shares of Accenture PLC (NYSE:ACN) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,044,636 shares of the company’s stock after selling 32,139 shares during the quarter. New York State Teachers Retirement System owned approximately 0.17% of Accenture PLC worth $141,099,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ACN. TCI Wealth Advisors Inc. boosted its holdings in Accenture PLC by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the company’s stock worth $106,000 after purchasing an additional 162 shares during the last quarter. Bellwether Investment Group LLC raised its position in Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the company’s stock worth $110,000 after acquiring an additional 359 shares in the last quarter. Manchester Capital Management LLC raised its position in Accenture PLC by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the company’s stock worth $114,000 after acquiring an additional 60 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Accenture PLC during the first quarter worth $122,000. Finally, Parkside Financial Bank & Trust raised its position in Accenture PLC by 5.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the company’s stock worth $127,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.

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In other Accenture PLC news, insider Richard P. Clark sold 3,155 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of C$143.01, for a total transaction of C$451,196.55. Following the sale, the insider now directly owns 5,533 shares in the company, valued at C$791,274.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gianfranco Casati sold 20,380 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of C$142.72, for a total transaction of C$2,908,633.60. Following the sale, the insider now owns 51,014 shares in the company, valued at C$7,280,718.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is owned by insiders.

Several analysts have issued reports on the stock. Cowen and Company reaffirmed a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research report on Friday, July 28th. Berenberg Bank reaffirmed a “buy” rating and set a $160.00 price target on shares of Accenture PLC in a research report on Thursday, September 21st. Societe Generale lowered shares of Accenture PLC from a “buy” rating to a “hold” rating and set a $144.00 price target on the stock. in a research report on Thursday, September 28th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $144.00 price target on shares of Accenture PLC in a research report on Tuesday, October 3rd. Finally, Pivotal Research assumed coverage on shares of Accenture PLC in a research report on Wednesday. They set a “buy” rating and a $165.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$142.89.

Accenture PLC (ACN) opened at C$143.89 on Friday. Accenture PLC has a 1 year low of C$112.31 and a 1 year high of C$145.00. The company has a market cap of $88,451.77, a PE ratio of 24.35, a P/E/G ratio of 2.13 and a beta of 1.08.

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

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be given a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s dividend payout ratio is 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.

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

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