Accenture PLC (ACN) Shares Sold by Atlantic Trust Group LLC
Atlantic Trust Group LLC lowered its stake in Accenture PLC (NYSE:ACN) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,115 shares of the information technology services provider’s stock after selling 6,122 shares during the period. Atlantic Trust Group LLC’s holdings in Accenture PLC were worth $19,308,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Accenture PLC by 2,139.5% during the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Accenture PLC by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock valued at $5,679,843,000 after acquiring an additional 2,749,896 shares during the period. Wellington Management Group LLP increased its position in shares of Accenture PLC by 8.8% in the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock valued at $2,587,385,000 after acquiring an additional 1,738,262 shares during the period. Lazard Asset Management LLC increased its position in shares of Accenture PLC by 38.8% in the 1st quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock valued at $515,189,000 after acquiring an additional 1,202,048 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Accenture PLC by 212.6% in the 1st quarter. Schroder Investment Management Group now owns 1,295,260 shares of the information technology services provider’s stock valued at $156,105,000 after acquiring an additional 880,905 shares during the period. 77.73% of the stock is owned by institutional investors and hedge funds.
In other Accenture PLC news, insider Ellyn Shook sold 4,400 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $125.00, for a total value of $550,000.00. Following the completion of the transaction, the insider now owns 37,344 shares in the company, valued at $4,668,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Rowland sold 3,702 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the completion of the transaction, the chief financial officer now owns 9,864 shares of the company’s stock, valued at approximately $1,332,034.56. The disclosure for this sale can be found here. Insiders have sold 70,073 shares of company stock valued at $9,317,545 over the last three months. 0.21% of the stock is currently owned by corporate insiders.
A number of analysts have commented on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $130.00 price target (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, August 28th. Wells Fargo & Company reissued an “outperform” rating and issued a $138.00 price objective (up from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Berenberg Bank restated a “buy” rating and issued a $160.00 price objective on shares of Accenture PLC in a research note on Thursday, September 21st. Finally, SunTrust Banks, Inc. set a $130.00 price objective on Accenture PLC and gave the stock a “hold” rating in a research note on Sunday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $141.84.
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Accenture PLC (NYSE:ACN) opened at 134.25 on Wednesday. The stock’s 50 day moving average price is $132.95 and its 200 day moving average price is $125.87. The firm has a market capitalization of $82.90 billion, a P/E ratio of 24.67 and a beta of 1.08. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $138.70.
Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The business had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the previous year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Accenture PLC will post $6.55 EPS for the current year.
The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a dividend of $1.33 per share. The ex-dividend date is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio is currently 44.49%.
Accenture PLC 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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