Sunbelt Securities Inc. purchased a new position in Accenture PLC (NYSE:ACN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,410 shares of the information technology services provider’s stock, valued at approximately $731,000. Sunbelt Securities Inc. owned 880.08% of Accenture PLC at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jacobi Capital Management LLC raised its position in shares of Accenture PLC by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 372 shares during the period. TCI Wealth Advisors Inc. raised its position in shares of Accenture PLC by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares during the period. Bellwether Investment Group LLC raised its position in shares of Accenture PLC by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after purchasing an additional 359 shares during the period. Manchester Capital Management LLC raised its position in shares of Accenture PLC by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares during the period. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Accenture PLC during the 1st quarter valued at $122,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

ACN has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Monday, August 28th. Stifel Nicolaus raised their price objective on shares of Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. KeyCorp restated a “buy” rating and set a $149.00 price objective on shares of Accenture PLC in a research report on Sunday, October 29th. Cowen and Company set a $150.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Morgan Stanley raised their price objective on shares of Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $143.73.

Accenture PLC (ACN) opened at $147.04 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 cap of $94,270.00, a PE ratio of 24.41, a P/E/G ratio of 2.14 and a beta of 1.08.

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

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

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In related news, insider Richard P. Clark sold 3,155 shares of Accenture PLC stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $143.01, for a total transaction of $451,196.55. Following the completion of the transaction, the insider now directly owns 5,533 shares of the company’s stock, valued at approximately $791,274.33. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gianfranco Casati sold 20,380 shares of Accenture PLC stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total transaction of $2,908,633.60. Following the transaction, the insider now directly owns 51,014 shares of the company’s stock, valued at $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 valued at $11,479,125. 0.21% of the stock is owned by corporate insiders.

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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