Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Accenture PLC (NYSE:ACN) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 147,729 shares of the information technology services provider’s stock after purchasing an additional 1,253 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Accenture were worth $19,954,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Eagle Ridge Investment Management bought a new stake in shares of Accenture during the 3rd quarter worth about $359,000. Canada Pension Plan Investment Board raised its position in shares of Accenture by 18.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock worth $58,532,000 after buying an additional 75,100 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Accenture by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock worth $258,221,000 after buying an additional 97,760 shares in the last quarter. Koch Industries Inc. raised its position in shares of Accenture by 18,227.9% during the 2nd quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock worth $327,000 after buying an additional 328,103 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Accenture by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock worth $42,067,000 after buying an additional 916 shares in the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s stock.
In related news, insider Daniel T. London sold 637 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard P. Clark sold 3,155 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $143.01, for a total transaction of $451,196.55. Following the transaction, the insider now directly owns 5,533 shares in the company, valued at $791,274.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is currently owned by insiders.
A number of analysts have commented on ACN shares. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Monday, August 28th. Stifel Nicolaus boosted their price target on shares of Accenture from $138.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. KeyCorp restated a “buy” rating and set a $149.00 price target on shares of Accenture in a research report on Sunday, October 29th. Pivotal Research initiated coverage on shares of Accenture in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price objective on the stock. Finally, Cowen set a $150.00 price objective on shares of Accenture and gave the stock a “buy” rating in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $144.38.
Accenture PLC (ACN) traded up $0.33 during trading on Thursday, hitting $148.60. 1,526,446 shares of the stock traded hands, compared to its average volume of 2,114,250. The stock has a market capitalization of $97,456.00, a P/E ratio of 24.99, a P/E/G ratio of 2.19 and a beta of 1.08. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $148.66.
Accenture (NYSE:ACN) last released its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.31 earnings per share. equities research analysts forecast that Accenture PLC will post 6.54 EPS for the current year.
The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were given a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, October 18th. Accenture’s dividend payout ratio (DPR) is currently 48.90%.
Accenture 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.
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