Accenture PLC (ACN) Position Raised by Accident Compensation Corp
Accident Compensation Corp boosted its holdings in shares of Accenture PLC (NYSE:ACN) by 13.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,609 shares of the information technology services provider’s stock after purchasing an additional 3,000 shares during the period. Accident Compensation Corp’s holdings in Accenture were worth $3,459,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Jacobi Capital Management LLC increased its stake in shares of Accenture by 104.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 372 shares during the period. TCI Wealth Advisors Inc. boosted its position in shares of Accenture by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 162 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Accenture by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Accenture in the 1st quarter worth $122,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Accenture by 5.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after purchasing an additional 52 shares during the last quarter. 72.51% of the stock is owned by hedge funds and other institutional investors.
Shares of Accenture PLC (ACN) opened at $147.67 on Wednesday. The company has a market capitalization of $97,112.82, a PE ratio of 24.90, a PEG ratio of 2.18 and a beta of 1.08. Accenture PLC has a twelve month low of $112.31 and a twelve month high of $148.60.
Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 earnings per share. equities analysts forecast that Accenture PLC will post 6.54 EPS for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were issued a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s dividend payout ratio (DPR) is 48.90%.
Several research analysts have recently issued reports on ACN shares. Stifel Nicolaus raised their price target on Accenture from $138.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research report on Thursday, September 14th. Royal Bank Of Canada raised their price target on Accenture from $145.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday, September 29th. KeyCorp restated a “buy” rating and issued a $149.00 price target on shares of Accenture in a research report on Thursday, September 28th. Finally, Barclays raised their price target on Accenture from $124.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $144.16.
In related news, insider Gianfranco Casati sold 20,380 shares of Accenture stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total value of $2,908,633.60. Following the sale, the insider now owns 51,014 shares of the company’s stock, valued at $7,280,718.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel T. London sold 637 shares of Accenture stock in a transaction dated Friday, October 6th. The shares were 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 90 days, insiders sold 83,325 shares of company stock worth $11,479,125. Corporate insiders own 0.21% of the company’s stock.
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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