State Board of Administration of Florida Retirement System lowered its position in shares of Accenture PLC (NYSE:ACN) by 0.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 901,870 shares of the company’s stock after selling 2,890 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.15% of Accenture PLC worth $121,816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Accenture PLC by 2,139.5% in the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the company’s stock valued at $4,730,821,000 after buying an additional 37,700,871 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Accenture PLC by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the company’s stock valued at $5,679,843,000 after buying an additional 2,749,896 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Accenture PLC by 2,531.4% in the 2nd quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the company’s stock valued at $311,760,000 after buying an additional 2,424,888 shares during the period. BT Investment Management Ltd acquired a new position in shares of Accenture PLC in the 2nd quarter valued at about $220,158,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Accenture PLC by 8.8% in the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the company’s stock valued at $2,587,385,000 after buying an additional 1,738,262 shares during the period. 77.73% of the stock is owned by institutional investors.

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In other Accenture PLC news, insider Richard P. Clark sold 3,155 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of C$143.01, for a total transaction of C$451,196.55. Following the transaction, the insider now directly owns 5,533 shares in the company, valued at C$791,274.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gianfranco Casati sold 20,380 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of C$142.72, for a total value of C$2,908,633.60. Following the completion of 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. Insiders have sold 83,325 shares of company stock worth $11,479,125 over the last 90 days. 0.21% of the stock is owned by insiders.

ACN has been the subject of several analyst reports. Stifel Nicolaus boosted their price objective on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a report on Thursday, September 14th. Royal Bank Of Canada upped their price target on Accenture PLC from $145.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $149.00 price target on shares of Accenture PLC in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$142.89.

Accenture PLC (NYSE:ACN) opened at C$143.89 on Monday. Accenture PLC has a 52 week low of C$112.31 and a 52 week high of C$145.00. The company has a market capitalization of $94,961.36, a price-to-earnings ratio of 24.35, a price-to-earnings-growth 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 return on equity of 42.65% and a net margin of 9.37%. The company had revenue of C$9.15 billion for the quarter, compared to analysts’ expectations of C$9.01 billion. During the same period in the prior year, the firm earned $1.31 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. research analysts forecast that Accenture PLC will post 6.54 EPS for the current fiscal year.

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be paid a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is 48.90%.

Accenture PLC 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.

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

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