Penn Davis Mcfarland Inc. lowered its holdings in Accenture Plc (NYSE:ACN) by 5.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,048 shares of the information technology services provider’s stock after selling 2,549 shares during the quarter. Accenture accounts for 2.9% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 15th largest holding. Penn Davis Mcfarland Inc.’s holdings in Accenture were worth $8,281,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ACN. Oregon Public Employees Retirement Fund grew its stake in Accenture by 10,215.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,674,776 shares of the information technology services provider’s stock worth $175,000 after purchasing an additional 24,435,584 shares in the last quarter. Norges Bank purchased a new stake in Accenture during the 4th quarter worth about $825,602,000. FMR LLC lifted its holdings in Accenture by 48.1% during the 4th quarter. FMR LLC now owns 6,830,316 shares of the information technology services provider’s stock worth $963,143,000 after buying an additional 2,217,910 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Accenture during the 3rd quarter worth about $354,668,000. Finally, California Public Employees Retirement System lifted its holdings in Accenture by 39.3% during the 4th quarter. California Public Employees Retirement System now owns 3,169,040 shares of the information technology services provider’s stock worth $446,866,000 after buying an additional 893,625 shares during the last quarter. Institutional investors own 69.98% of the company’s stock.
Shares of ACN traded up $0.82 on Wednesday, reaching $180.39. The stock had a trading volume of 1,128,319 shares, compared to its average volume of 1,925,057. The stock has a market cap of $120.78 billion, a P/E ratio of 26.76, a P/E/G ratio of 2.36 and a beta of 1.12. Accenture Plc has a twelve month low of $132.63 and a twelve month high of $183.35.
Accenture (NYSE:ACN) last announced its earnings results on Thursday, March 28th. The information technology services provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.16. The firm had revenue of $10.45 billion for the quarter, compared to analysts’ expectations of $10.30 billion. Accenture had a return on equity of 38.57% and a net margin of 10.52%. Accenture’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. As a group, equities analysts expect that Accenture Plc will post 7.31 earnings per share for the current fiscal year.
The business also recently announced a semiannual dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were issued a dividend of $1.46 per share. This represents a yield of 1.66%. The ex-dividend date was Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 43.32%.
A number of analysts have issued reports on ACN shares. Berenberg Bank reaffirmed a “buy” rating and set a $190.00 price target on shares of Accenture in a report on Monday, April 1st. ValuEngine raised Accenture from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Citigroup boosted their target price on Accenture from $169.00 to $194.00 and gave the company a “buy” rating in a report on Friday, March 29th. UBS Group set a $180.00 target price on Accenture and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, SunTrust Banks boosted their target price on Accenture to $180.00 and gave the company a “hold” rating in a report on Friday, March 29th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $183.58.
In other Accenture news, insider Ellyn Shook sold 2,343 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $175.83, for a total transaction of $411,969.69. Following the transaction, the insider now owns 33,545 shares of the company’s stock, valued at approximately $5,898,217.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard Lumb sold 18,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $181.19, for a total value of $3,261,420.00. Following the transaction, the insider now directly owns 95,215 shares in the company, valued at approximately $17,252,005.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,919 shares of company stock worth $11,695,852. Corporate insiders own 0.18% of the company’s stock.
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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