Roffman Miller Associates Inc. PA boosted its holdings in shares of Accenture Plc (NYSE:ACN) by 59.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,949 shares of the information technology services provider’s stock after acquiring an additional 10,742 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Accenture were worth $6,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Pioneer Trust Bank N A OR grew its holdings in Accenture by 1.6% during the 4th quarter. Pioneer Trust Bank N A OR now owns 41,293 shares of the information technology services provider’s stock worth $8,695,000 after acquiring an additional 633 shares in the last quarter. Milestone Resources Group Ltd bought a new position in Accenture during the 4th quarter worth about $110,181,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Accenture by 2.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 50,465 shares of the information technology services provider’s stock worth $10,626,000 after acquiring an additional 1,090 shares in the last quarter. Ibex Wealth Advisors grew its holdings in Accenture by 6.8% during the 4th quarter. Ibex Wealth Advisors now owns 15,791 shares of the information technology services provider’s stock worth $3,325,000 after acquiring an additional 1,006 shares in the last quarter. Finally, Intellectus Partners LLC grew its holdings in Accenture by 1.8% during the 4th quarter. Intellectus Partners LLC now owns 5,038 shares of the information technology services provider’s stock worth $1,061,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 73.65% of the company’s stock.

Several research analysts have issued reports on ACN shares. Berenberg Bank started coverage on shares of Accenture in a report on Tuesday. They set a “buy” rating and a $240.00 target price on the stock. Argus increased their price target on shares of Accenture from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, December 26th. Stifel Nicolaus increased their price target on shares of Accenture from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, December 13th. BMO Capital Markets reissued a “market perform” rating and set a $220.00 price target on shares of Accenture in a research report on Friday, December 20th. Finally, Wolfe Research raised shares of Accenture from an “underperform” rating to a “peer perform” rating and set a $215.00 price target for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $214.82.

In other Accenture news, insider John F. Walsh sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $209.21, for a total transaction of $1,255,260.00. Following the completion of the transaction, the insider now directly owns 26,344 shares of the company’s stock, valued at approximately $5,511,428.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Joel Unruch sold 717 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $209.20, for a total transaction of $149,996.40. Following the transaction, the general counsel now directly owns 25,165 shares of the company’s stock, valued at $5,264,518. The disclosure for this sale can be found here. Insiders have sold a total of 19,373 shares of company stock valued at $3,933,170 over the last three months. 0.10% of the stock is currently owned by insiders.

Shares of Accenture stock traded down $2.11 during midday trading on Friday, hitting $208.57. The company had a trading volume of 2,338,549 shares, compared to its average volume of 1,908,122. The stock has a market cap of $133.12 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.59 and a beta of 1.05. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $207.84 and a 200 day simple moving average of $196.36. Accenture Plc has a 12-month low of $148.67 and a 12-month high of $213.25.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.10. Accenture had a net margin of 11.06% and a return on equity of 33.35%. The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the firm posted $1.96 EPS. Accenture’s revenue was up 7.1% on a year-over-year basis. As a group, analysts expect that Accenture Plc will post 7.82 EPS for the current year.

The firm also recently declared a semi-annual dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a dividend of $0.80 per share. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, January 15th. Accenture’s dividend payout ratio is presently 43.48%.

Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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