GSB Wealth Management LLC maintained its position in Accenture PLC (NYSE:ACN) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,110 shares of the information technology services provider’s stock at the close of the 2nd quarter. Accenture PLC makes up about 1.7% of GSB Wealth Management LLC’s holdings, making the stock its 14th biggest holding. GSB Wealth Management LLC’s holdings in Accenture PLC were worth $385,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACN. TCI Wealth Advisors Inc. grew its stake in Accenture PLC by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares in the last quarter. Bellwether Investment Group LLC lifted its position in Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after purchasing an additional 359 shares during the last quarter. Manchester Capital Management LLC lifted its position in Accenture PLC by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in Accenture PLC during the first quarter valued at approximately $122,000. Finally, Parkside Financial Bank & Trust lifted its position in Accenture PLC by 5.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock valued at $127,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

Accenture PLC (NYSE:ACN) last released 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. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.31 earnings per share.

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

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Several brokerages have issued reports on ACN. KeyCorp reiterated a “buy” rating and set a $149.00 target price on shares of Accenture PLC in a research report on Sunday. Cowen and Company set a $150.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a research report on Monday, October 23rd. Berenberg Bank reissued a “buy” rating and set a $160.00 price objective on shares of Accenture PLC in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, September 21st. Finally, Morgan Stanley upped their target price on shares of Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC presently has a consensus rating of “Buy” and an average price target of $141.84.

In related news, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the sale, the insider now owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $143.01, for a total transaction of $451,196.55. Following the completion of the sale, the insider now directly owns 5,533 shares of the company’s stock, valued at approximately $791,274.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,525 shares of company stock valued at $11,763,497. Corporate insiders own 0.21% of the company’s stock.

Accenture PLC Company 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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