River Road Asset Management LLC acquired a new position in shares of Accenture plc (NYSE:ACN) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,564 shares of the information technology services provider’s stock, valued at approximately $211,000. River Road Asset Management LLC owned 254.42% of Accenture plc as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACN. Municipal Employees Retirement System of Michigan boosted its stake in Accenture plc by 0.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 20,020 shares of the information technology services provider’s stock worth $2,400,000 after buying an additional 150 shares during the period. ZWJ Investment Counsel Inc. boosted its stake in Accenture plc by 1.1% during the first quarter. ZWJ Investment Counsel Inc. now owns 50,167 shares of the information technology services provider’s stock worth $6,014,000 after buying an additional 542 shares during the period. Rock Point Advisors LLC boosted its stake in Accenture plc by 27.7% during the first quarter. Rock Point Advisors LLC now owns 50,527 shares of the information technology services provider’s stock worth $6,057,000 after buying an additional 10,975 shares during the period. Jarislowsky Fraser Ltd purchased a new position in Accenture plc during the first quarter worth $234,000. Finally, Gofen & Glossberg LLC IL boosted its stake in Accenture plc by 15.1% during the first quarter. Gofen & Glossberg LLC IL now owns 37,398 shares of the information technology services provider’s stock worth $4,483,000 after buying an additional 4,915 shares during the period. 77.73% of the stock is owned by institutional investors.

Several research firms have commented on ACN. Evercore ISI lifted their price objective on shares of Accenture plc from $148.00 to $162.00 and gave the stock a “reduce” rating in a research note on Thursday. Cantor Fitzgerald reissued a “buy” rating and set a $135.00 target price on shares of Accenture plc in a research note on Thursday, September 28th. KeyCorp reissued a “buy” rating and set a $149.00 target price on shares of Accenture plc in a research note on Thursday, September 28th. BMO Capital Markets boosted their target price on shares of Accenture plc from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, September 29th. Finally, Pivotal Research began coverage on shares of Accenture plc in a research note on Wednesday, November 8th. They set a “buy” rating and a $165.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Accenture plc presently has an average rating of “Buy” and a consensus target price of $143.73.

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Shares of Accenture plc (ACN) opened at $145.45 on Friday. Accenture plc has a 52-week low of $112.31 and a 52-week high of $147.28. The company has a market capitalization of $94,270.00, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08.

Accenture plc (NYSE:ACN) last announced its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Accenture plc had a return on equity of 43.70% and a net margin of 10.20%. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter last year, the firm posted $1.31 EPS. The business’s revenue was up 7.8% on a year-over-year basis. analysts forecast that Accenture plc will post 6.54 earnings per share for the current year.

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

In related news, CEO Pierre Nanterme sold 38,589 shares of the 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 directly owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.06, for a total value of $297,132.00. Following the completion of the transaction, the insider now directly owns 118,085 shares of the company’s stock, valued at $15,948,560.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is owned by corporate insiders.

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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