Peoples Bank OH increased its stake in shares of Accenture Plc (NYSE:ACN) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,269 shares of the information technology services provider’s stock after buying an additional 78 shares during the quarter. Peoples Bank OH’s holdings in Accenture were worth $244,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ACN. Nuveen Asset Management LLC lifted its position in shares of Accenture by 32,251.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,585,165 shares of the information technology services provider’s stock worth $1,031,971,000 after buying an additional 5,567,901 shares during the period. Vanguard Group Inc. lifted its position in shares of Accenture by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 55,373,798 shares of the information technology services provider’s stock worth $10,231,417,000 after buying an additional 909,318 shares during the period. Railway Pension Investments Ltd bought a new position in shares of Accenture during the 2nd quarter worth approximately $15,355,000. Prudential Financial Inc. lifted its position in shares of Accenture by 70.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,732,160 shares of the information technology services provider’s stock worth $320,051,000 after buying an additional 713,027 shares during the period. Finally, Morgan Stanley lifted its position in shares of Accenture by 5.3% during the 2nd quarter. Morgan Stanley now owns 10,736,302 shares of the information technology services provider’s stock worth $1,983,748,000 after buying an additional 536,568 shares during the period. Institutional investors and hedge funds own 69.85% of the company’s stock.
Several brokerages have issued reports on ACN. Redburn Partners began coverage on Accenture in a research report on Monday, September 23rd. They issued a “buy” rating and a $227.00 price objective for the company. ValuEngine downgraded Accenture from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co lifted their price objective on Accenture from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. BMO Capital Markets set a $200.00 price objective on Accenture and gave the company a “hold” rating in a research report on Friday, September 27th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. set a $216.00 price objective on Accenture and gave the company a “buy” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. Accenture presently has an average rating of “Buy” and a consensus target price of $203.25.
Shares of ACN opened at $187.08 on Friday. The stock has a fifty day moving average price of $191.80 and a two-hundred day moving average price of $186.69. Accenture Plc has a 52-week low of $132.63 and a 52-week high of $202.80. The company has a market cap of $125.01 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.31 and a beta of 1.04.
Accenture (NYSE:ACN) last released its earnings results on Thursday, September 26th. The information technology services provider reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.03. The company had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.07 billion. Accenture had a return on equity of 34.30% and a net margin of 11.06%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 earnings per share. On average, sell-side analysts forecast that Accenture Plc will post 7.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.71%. Accenture’s payout ratio is currently 43.48%.
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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