JJJ Advisors Inc. Has $519,000 Stock Position in Accenture plc (NYSE:ACN)


Share on StockTwits

JJJ Advisors Inc. lifted its position in shares of Accenture plc (NYSE:ACN) by 46.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,878 shares of the information technology services provider’s stock after purchasing an additional 593 shares during the quarter. JJJ Advisors Inc.’s holdings in Accenture were worth $519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Front Row Advisors LLC increased its position in shares of Accenture by 6.4% during the first quarter. Front Row Advisors LLC now owns 599 shares of the information technology services provider’s stock worth $165,000 after buying an additional 36 shares during the period. Slow Capital Inc. boosted its stake in Accenture by 0.5% during the fourth quarter. Slow Capital Inc. now owns 8,018 shares of the information technology services provider’s stock worth $2,094,000 after acquiring an additional 39 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Accenture by 0.4% during the first quarter. Chicago Partners Investment Group LLC now owns 10,367 shares of the information technology services provider’s stock worth $3,002,000 after acquiring an additional 40 shares in the last quarter. Citizens & Northern Corp boosted its stake in Accenture by 0.7% during the fourth quarter. Citizens & Northern Corp now owns 5,847 shares of the information technology services provider’s stock worth $1,527,000 after acquiring an additional 43 shares in the last quarter. Finally, Syntal Capital Partners LLC boosted its stake in Accenture by 0.7% during the fourth quarter. Syntal Capital Partners LLC now owns 6,168 shares of the information technology services provider’s stock worth $1,611,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 70.99% of the company’s stock.

Shares of NYSE ACN traded down $1.92 during mid-day trading on Tuesday, hitting $290.25. The stock had a trading volume of 3,936 shares, compared to its average volume of 2,047,157. Accenture plc has a 1 year low of $174.94 and a 1 year high of $293.42. The business has a 50 day moving average price of $280.69 and a two-hundred day moving average price of $256.71. The firm has a market cap of $184.65 billion, a P/E ratio of 35.98, a price-to-earnings-growth ratio of 3.09 and a beta of 1.08.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Wednesday, March 17th. The information technology services provider reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.13. The business had revenue of $12.09 billion for the quarter, compared to the consensus estimate of $11.83 billion. Accenture had a net margin of 11.74% and a return on equity of 29.32%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 EPS. On average, sell-side analysts predict that Accenture plc will post 8.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Thursday, April 15th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, April 14th. Accenture’s dividend payout ratio is currently 47.18%.

In related news, insider James O. Etheredge sold 2,428 shares of the firm’s stock in a transaction on Wednesday, February 3rd. The stock was sold at an average price of $248.54, for a total value of $603,455.12. Also, CAO Richard P. Clark sold 3,247 shares of the firm’s stock in a transaction on Wednesday, February 3rd. The stock was sold at an average price of $248.63, for a total value of $807,301.61. Insiders have sold a total of 47,598 shares of company stock valued at $12,957,921 in the last ninety days. Insiders own 0.07% of the company’s stock.

A number of research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Accenture from $297.00 to $305.00 and gave the company an “overweight” rating in a research note on Tuesday, March 23rd. BMO Capital Markets increased their target price on shares of Accenture from $292.00 to $302.00 and gave the company a “market perform” rating in a report on Thursday, March 25th. Bank of America upgraded shares of Accenture from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a report on Wednesday, March 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Accenture from $278.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, April 13th. Finally, Barclays increased their target price on shares of Accenture from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, March 22nd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $276.05.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.

Recommended Story: Why are trading ranges significant?

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture plc (NYSE:ACN).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.