First National Bank of Omaha Sells 371 Shares of Accenture Plc (ACN)

First National Bank of Omaha decreased its position in shares of Accenture Plc (NYSE:ACN) by 0.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 69,095 shares of the information technology services provider’s stock after selling 371 shares during the quarter. First National Bank of Omaha’s holdings in Accenture were worth $11,760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACN. Principal Financial Group Inc. grew its position in shares of Accenture by 4.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,269,667 shares of the information technology services provider’s stock worth $194,894,000 after buying an additional 55,510 shares in the last quarter. Fisher Asset Management LLC boosted its position in Accenture by 91.3% during the second quarter. Fisher Asset Management LLC now owns 6,873 shares of the information technology services provider’s stock valued at $1,124,000 after purchasing an additional 3,280 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Accenture by 109.4% during the second quarter. Capital Investment Advisors LLC now owns 3,224 shares of the information technology services provider’s stock valued at $527,000 after purchasing an additional 1,684 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Accenture by 16.0% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 10,902 shares of the information technology services provider’s stock valued at $1,783,000 after purchasing an additional 1,500 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Accenture by 18.1% during the second quarter. State of Alaska Department of Revenue now owns 100,826 shares of the information technology services provider’s stock valued at $16,493,000 after purchasing an additional 15,480 shares in the last quarter. 70.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ACN opened at $163.87 on Thursday. The stock has a market capitalization of $105.89 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. Accenture Plc has a fifty-two week low of $142.70 and a fifty-two week high of $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.02. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $10.01 billion. Accenture had a return on equity of 41.92% and a net margin of 9.76%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $1.48 earnings per share. Sell-side analysts forecast that Accenture Plc will post 7.21 EPS for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 18th will be issued a $1.46 dividend. This represents a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, October 17th. This is an increase from Accenture’s previous semiannual dividend of $1.21. Accenture’s dividend payout ratio (DPR) is currently 43.32%.

A number of equities research analysts recently weighed in on the company. Deutsche Bank raised their price objective on Accenture from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, September 20th. SunTrust Banks raised their price objective on Accenture to $178.00 and gave the company a “hold” rating in a research report on Monday, October 1st. Zacks Investment Research raised Accenture from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Moffett Nathanson assumed coverage on Accenture in a research report on Thursday, October 4th. They set a “buy” rating and a $200.00 price objective on the stock. Finally, UBS Group set a $180.00 price objective on Accenture and gave the company a “hold” rating in a research report on Wednesday, September 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. Accenture currently has a consensus rating of “Buy” and a consensus target price of $176.37.

In other Accenture news, CEO Pierre Nanterme sold 30,117 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $173.45, for a total value of $5,223,793.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arun Sarin sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $171.40, for a total value of $200,538.00. Following the completion of the sale, the director now directly owns 4,582 shares of the company’s stock, valued at approximately $785,354.80. The disclosure for this sale can be found here. In the last three months, insiders sold 76,373 shares of company stock valued at $12,661,550. Corporate insiders own 0.21% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “First National Bank of Omaha Sells 371 Shares of Accenture Plc (ACN)” was reported by WKRB News and is owned by of WKRB News. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.wkrb13.com/2018/11/08/first-national-bank-of-omaha-sells-371-shares-of-accenture-plc-acn.html.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

Recommended Story: Calculate Your Return on Investment (ROI)

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply