Accenture Plc (ACN) Stake Raised by Private Capital Group LLC

Private Capital Group LLC raised its holdings in Accenture Plc (NYSE:ACN) by 41.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,010 shares of the information technology services provider’s stock after purchasing an additional 885 shares during the quarter. Private Capital Group LLC’s holdings in Accenture were worth $530,000 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.

NYSE:ACN traded up $0.82 during trading hours on Wednesday, reaching $180.39. 1,128,319 shares of the company traded hands, compared to its average volume of 1,925,057. The stock has a market cap of $120.78 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12. Accenture Plc has a 1-year low of $132.63 and a 1-year 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 anticipate that Accenture Plc will post 7.31 EPS for the current year.

The firm also recently declared a semiannual dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were paid a dividend of $1.46 per share. This represents a dividend yield of 1.66%. The ex-dividend date was Wednesday, April 10th. Accenture’s dividend payout ratio 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 related 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 value of $411,969.69. Following the transaction, the insider now directly 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 Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the insider now directly owns 95,215 shares in the company, valued at $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.

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Accenture Profile

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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