Stifel Financial Corp lifted its position in shares of Accenture PLC (NYSE:ACN) by 54.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 731,707 shares of the information technology services provider’s stock after purchasing an additional 258,014 shares during the quarter. Stifel Financial Corp owned approximately 0.12% of Accenture PLC worth $90,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its holdings in shares of Accenture PLC 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 purchasing an additional 75,100 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Accenture PLC 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 purchasing an additional 97,760 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Accenture PLC 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 purchasing an additional 916 shares in the last quarter. Vigilant Capital Management LLC grew its holdings in shares of Accenture PLC by 1.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 101,619 shares of the information technology services provider’s stock worth $12,568,000 after purchasing an additional 1,780 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Accenture PLC by 2.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 35,664 shares of the information technology services provider’s stock worth $4,411,000 after purchasing an additional 795 shares in the last quarter. 77.69% of the stock is currently owned by institutional investors.

ACN has been the topic of several recent research reports. Stifel Nicolaus reissued a “buy” rating and set a $150.00 price objective on shares of Accenture PLC in a report on Sunday, October 1st. Barclays PLC lifted their price objective on Accenture PLC from $124.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 27th. 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 Wednesday, September 6th. Morgan Stanley lifted their price objective on Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. Finally, Cantor Fitzgerald lifted their price objective on Accenture PLC to $151.00 and gave the stock an “overweight” rating in a report on Friday, September 29th. One equities 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 assigned a strong buy rating to the company. Accenture PLC has an average rating of “Buy” and an average price target of $141.84.

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In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value of $5,210,672.67. Following the sale, the chief executive officer now owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel T. London sold 4,808 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $128.05, for a total value of $615,664.40. Following the completion of the sale, the insider now directly owns 22,681 shares in the company, valued at approximately $2,904,302.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,136 shares of company stock worth $8,319,660. Company insiders own 0.21% of the company’s stock.

Accenture PLC (NYSE:ACN) opened at 139.49 on Friday. The firm has a 50-day moving average price of $136.17 and a 200 day moving average price of $127.33. The company has a market cap of $86.14 billion, a P/E ratio of 25.63 and a beta of 1.08. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $140.00.

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 Zacks’ consensus estimate of $1.47 by $0.01. The firm had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 EPS. On average, equities analysts expect that Accenture PLC will post $6.56 earnings per share for the current year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio is presently 48.90%.

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

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