Schroder Investment Management Group raised its position in Accenture Plc (NYSE:ACN) by 23.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 342,255 shares of the information technology services provider’s stock after buying an additional 63,953 shares during the period. Schroder Investment Management Group owned about 0.05% of Accenture worth $56,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Global X Management Co LLC boosted its holdings in Accenture by 62.3% in the 2nd quarter. Global X Management Co LLC now owns 6,287 shares of the information technology services provider’s stock worth $1,028,000 after buying an additional 2,413 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of Accenture by 314.4% during the 2nd quarter. Bank of Nova Scotia now owns 380,361 shares of the information technology services provider’s stock worth $62,224,000 after purchasing an additional 288,583 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Accenture by 3.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 114,509 shares of the information technology services provider’s stock worth $18,733,000 after purchasing an additional 4,012 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Accenture by 20.0% during the 2nd quarter. California Public Employees Retirement System now owns 1,870,388 shares of the information technology services provider’s stock worth $305,977,000 after purchasing an additional 311,561 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Accenture by 1.8% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,417,078 shares of the information technology services provider’s stock worth $231,819,000 after purchasing an additional 24,654 shares during the last quarter. Institutional investors own 70.22% of the company’s stock.

Shares of Accenture stock traded up $3.44 during trading hours on Friday, reaching $159.44. 3,368,463 shares of the company were exchanged, compared to its average volume of 2,195,891. Accenture Plc has a 1 year low of $136.84 and a 1 year high of $175.64. The firm has a market capitalization of $114.83 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.28 and a beta of 0.98.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.02. Accenture had a return on equity of 41.92% and a net margin of 9.76%. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts expect that Accenture Plc will post 7.24 EPS for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, October 18th will be given a dividend of $1.46 per share. The ex-dividend date is Wednesday, October 17th. This represents a dividend yield of 1.68%. This is a positive change from Accenture’s previous semiannual dividend of $1.21. Accenture’s dividend payout ratio is currently 39.47%.

Several research analysts have recently weighed in on ACN shares. UBS Group upgraded Accenture from a “neutral” rating to a “positive” rating in a report on Tuesday, June 19th. Susquehanna Bancshares upgraded Accenture from a “neutral” rating to a “positive” rating and upped their price objective for the company from $165.00 to $190.00 in a report on Tuesday, June 19th. Zacks Investment Research cut Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Stifel Nicolaus upped their price objective on Accenture from $170.00 to $179.00 and gave the company a “buy” rating in a report on Thursday, June 21st. Finally, Deutsche Bank upped their price objective on Accenture from $165.00 to $170.00 and gave the company a “buy” rating in a report on Friday, June 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $176.37.

In related news, CEO Pierre Nanterme sold 30,117 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $173.45, for a total transaction of $5,223,793.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Johan Deblaere sold 5,000 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $173.43, for a total transaction of $867,150.00. The disclosure for this sale can be found here. Insiders have sold 53,442 shares of company stock worth $9,130,339 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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