Private Advisor Group LLC grew its holdings in Accenture PLC (NYSE:ACN) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,434 shares of the information technology services provider’s stock after acquiring an additional 339 shares during the quarter. Private Advisor Group LLC’s holdings in Accenture PLC were worth $1,418,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ACN. Bellwether Investment Group LLC lifted its position in Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the period. Manchester Capital Management LLC lifted its position in Accenture PLC by 7.0% during 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 during the period. Parkside Financial Bank & Trust lifted its position in Accenture PLC by 2.0% during the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after purchasing an additional 19 shares during the period. Harbour Capital Advisors LLC bought a new stake in Accenture PLC during the first quarter worth about $122,000. Finally, Farmers & Merchants Investments Inc. lifted its position in Accenture PLC by 28.9% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,115 shares of the information technology services provider’s stock worth $138,000 after purchasing an additional 250 shares during the period. 77.73% of the stock is owned by institutional investors.

In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 179,083 shares in the company, valued at $24,181,577.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Julie Spellman Sweet sold 1,974 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $128.68, for a total value of $254,014.32. Following the completion of the sale, the insider now owns 14,082 shares of the company’s stock, valued at approximately $1,812,071.76. The disclosure for this sale can be found here. Insiders sold 70,073 shares of company stock valued at $9,317,545 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

ACN has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $138.00 price objective (up previously from $132.00) on shares of Accenture PLC in a research report on Wednesday, June 14th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $138.00 price objective (up previously from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. Morgan Stanley set a $132.00 price objective on shares of Accenture PLC and gave the stock a “hold” rating in a research report on Friday, June 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Finally, Berenberg Bank set a $140.00 price objective on shares of Accenture PLC and gave the stock a “buy” rating in a research report on Saturday, June 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $141.84.

Accenture PLC (NYSE ACN) opened at 136.25 on Friday. The stock has a 50 day moving average price of $133.54 and a 200 day moving average price of $126.10. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $138.70. The firm has a market cap of $84.14 billion, a P/E ratio of 25.04 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that Accenture PLC will post $6.56 EPS for the current year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be given a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s payout ratio is currently 44.49%.

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About Accenture PLC

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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