ETRADE Capital Management LLC boosted its holdings in Accenture PLC (NYSE:ACN) by 7.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 43,188 shares of the information technology services provider’s stock after buying an additional 2,823 shares during the period. ETRADE Capital Management LLC’s holdings in Accenture PLC were worth $5,342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Accenture PLC by 2.3% in the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock valued at $5,994,531,000 after buying an additional 1,088,676 shares during the period. BlackRock Inc. raised its holdings in Accenture PLC by 3.0% in the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock valued at $5,028,772,000 after buying an additional 1,196,578 shares during the period. State Street Corp raised its holdings in Accenture PLC by 2.7% in the first quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock valued at $3,039,762,000 after buying an additional 665,860 shares during the period. Wellington Management Group LLP raised its holdings in Accenture PLC by 8.8% in the first 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 buying an additional 1,738,262 shares during the period. Finally, Northern Trust Corp raised its holdings in Accenture PLC by 0.8% in the second quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock valued at $1,172,063,000 after buying an additional 70,740 shares during the period. Hedge funds and other institutional investors own 77.69% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) opened at 138.65 on Wednesday. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $140.00. The company has a 50 day moving average of $135.07 and a 200-day moving average of $126.75. The company has a market cap of $85.62 billion, a price-to-earnings ratio of 25.48 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same period in the previous year, the company earned $1.31 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Accenture PLC will post $6.56 earnings per share for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders 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 dividend yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is presently 44.49%.

In other news, insider Julie Spellman Sweet sold 1,974 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $128.68, for a total transaction of $254,014.32. Following the completion of the transaction, the insider now directly owns 14,082 shares in the company, valued at $1,812,071.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel T. London sold 637 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $136.03, for a total value of $86,651.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,110 shares of company stock valued at $8,573,675. Corporate insiders own 0.21% of the company’s stock.

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ACN has been the topic of several research reports. Stifel Nicolaus restated a “buy” rating and issued a $150.00 price target on shares of Accenture PLC in a report on Sunday, October 1st. Barclays PLC raised their price target on shares of Accenture PLC from $124.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Wednesday, September 6th. Morgan Stanley raised their price target on shares of Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, September 22nd. Finally, Cantor Fitzgerald raised their price target on shares of Accenture PLC to $151.00 and gave the company an “overweight” rating in a report on Friday, September 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given 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 $141.84.

About Accenture PLC

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.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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