Accenture Plc (ACN) Holdings Lifted by Dundas Partners LLP

Dundas Partners LLP boosted its holdings in shares of Accenture Plc (NYSE:ACN) by 46.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 89,863 shares of the information technology services provider’s stock after acquiring an additional 28,345 shares during the period. Accenture comprises approximately 3.9% of Dundas Partners LLP’s holdings, making the stock its 8th largest position. Dundas Partners LLP’s holdings in Accenture were worth $19,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ACN. Bank of New York Mellon Corp raised its holdings in Accenture by 115,500.5% during the third quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock worth $1,739,880,000 after buying an additional 10,213,711 shares during the last quarter. Charles Schwab Investment Advisory Inc. acquired a new position in Accenture during the second quarter worth $270,434,000. BlackRock Inc. raised its holdings in Accenture by 2.0% during the second quarter. BlackRock Inc. now owns 43,175,666 shares of the information technology services provider’s stock worth $7,063,106,000 after buying an additional 826,900 shares during the last quarter. Findlay Park Partners LLP raised its holdings in Accenture by 18.3% during the second quarter. Findlay Park Partners LLP now owns 3,384,829 shares of the information technology services provider’s stock worth $553,724,000 after buying an additional 524,190 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Accenture by 13.6% during the second quarter. Janus Henderson Group PLC now owns 3,887,804 shares of the information technology services provider’s stock worth $636,010,000 after buying an additional 466,745 shares during the last quarter. Hedge funds and other institutional investors own 71.18% of the company’s stock.

NYSE ACN opened at $156.98 on Friday. Accenture Plc has a 52-week low of $145.23 and a 52-week high of $175.64. The stock has a market cap of $104.27 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.11 and a beta of 1.01.

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

The business also recently disclosed a semiannual dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, October 18th were issued a dividend of $1.46 per share. This represents a yield of 1.68%. The ex-dividend date was Wednesday, October 17th. This is an increase from Accenture’s previous semiannual dividend of $1.21. Accenture’s dividend payout ratio (DPR) is 43.32%.

ACN has been the subject of several analyst reports. UBS Group set a $180.00 target price on shares of Accenture and gave the company a “hold” rating in a report on Wednesday, September 26th. Zacks Investment Research downgraded shares of Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, September 5th. Citigroup increased their target price on shares of Accenture from $163.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, September 18th. Argus increased their target price on shares of Accenture to $200.00 and gave the company a “positive” rating in a report on Friday, September 28th. They noted that the move was a valuation call. Finally, Berenberg Bank upgraded shares of Accenture to a “buy” rating and set a $190.00 target price for the company in a report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. Accenture currently has an average rating of “Buy” and an average target price of $177.02.

In related news, CEO Pierre Nanterme sold 30,117 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $173.45, for a total transaction of $5,223,793.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $163.51, for a total transaction of $327,020.00. Following the sale, the insider now owns 126,104 shares of the company’s stock, valued at approximately $20,619,265.04. The disclosure for this sale can be found here. Insiders have sold 78,717 shares of company stock valued at $13,041,890 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

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Accenture Profile

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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