YorkBridge Wealth Partners LLC boosted its position in shares of Accenture Plc (NYSE:ACN) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,813 shares of the information technology services provider’s stock after purchasing an additional 460 shares during the quarter. Accenture makes up 1.5% of YorkBridge Wealth Partners LLC’s portfolio, making the stock its 12th biggest holding. YorkBridge Wealth Partners LLC’s holdings in Accenture were worth $3,042,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ACN. Nuveen Asset Management LLC lifted its position in shares of Accenture by 32,251.5% in the second quarter. Nuveen Asset Management LLC now owns 5,585,165 shares of the information technology services provider’s stock valued at $1,031,971,000 after acquiring an additional 5,567,901 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Accenture by 1.7% in the second quarter. Vanguard Group Inc. now owns 55,373,798 shares of the information technology services provider’s stock valued at $10,231,417,000 after acquiring an additional 909,318 shares in the last quarter. Railway Pension Investments Ltd purchased a new stake in shares of Accenture in the second quarter valued at $15,355,000. Prudential Financial Inc. lifted its position in shares of Accenture by 70.0% in the second quarter. Prudential Financial Inc. now owns 1,732,160 shares of the information technology services provider’s stock valued at $320,051,000 after acquiring an additional 713,027 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Accenture by 5.3% in the second quarter. Morgan Stanley now owns 10,736,302 shares of the information technology services provider’s stock valued at $1,983,748,000 after acquiring an additional 536,568 shares in the last quarter. Institutional investors own 69.82% of the company’s stock.
In other news, CEO David Rowland sold 2,330 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $187.78, for a total value of $437,527.40. Following the completion of the sale, the chief executive officer now owns 24,318 shares of the company’s stock, valued at $4,566,434.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel T. London sold 2,283 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $188.03, for a total value of $429,272.49. Following the completion of the sale, the insider now directly owns 27,294 shares of the company’s stock, valued at approximately $5,132,090.82. The disclosure for this sale can be found here. Insiders have sold 6,613 shares of company stock valued at $1,260,700 over the last 90 days. 0.18% of the stock is currently owned by insiders.
Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 26th. The information technology services provider reported $1.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.03. The company had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.07 billion. Accenture had a return on equity of 34.30% and a net margin of 11.06%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. Equities research analysts forecast that Accenture Plc will post 7.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, October 16th. This represents a $3.20 annualized dividend and a yield of 1.72%. Accenture’s dividend payout ratio is presently 43.48%.
Several brokerages have recently issued reports on ACN. Credit Suisse Group set a $180.00 price objective on Accenture and gave the company a “hold” rating in a research report on Friday, June 28th. Robert W. Baird reduced their price objective on Accenture from $212.00 to $208.00 and set a “neutral” rating on the stock in a research report on Friday, September 27th. Barclays started coverage on Accenture in a research report on Friday, September 20th. They issued an “overweight” rating and a $228.00 price objective on the stock. Redburn Partners started coverage on Accenture in a research note on Monday, September 23rd. They issued a “buy” rating and a $227.00 target price for the company. Finally, Argus upped their target price on Accenture to $220.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $203.25.
Accenture Company 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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