Sequoia Financial Advisors LLC Increases Stock Holdings in Accenture Plc (NYSE:ACN)

Sequoia Financial Advisors LLC lifted its stake in shares of Accenture Plc (NYSE:ACN) by 57.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,208 shares of the information technology services provider’s stock after buying an additional 3,375 shares during the period. Sequoia Financial Advisors LLC’s holdings in Accenture were worth $1,771,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Farmers National Bank increased its stake in Accenture by 6.2% in the 2nd quarter. Farmers National Bank now owns 924 shares of the information technology services provider’s stock worth $171,000 after acquiring an additional 54 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Accenture by 1.6% in the 2nd quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock worth $672,000 after purchasing an additional 57 shares in the last quarter. Modera Wealth Management LLC boosted its holdings in shares of Accenture by 1.5% in the 2nd quarter. Modera Wealth Management LLC now owns 3,891 shares of the information technology services provider’s stock worth $719,000 after purchasing an additional 57 shares in the last quarter. Enterprise Bank & Trust Co boosted its holdings in shares of Accenture by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 9,780 shares of the information technology services provider’s stock worth $1,807,000 after purchasing an additional 65 shares in the last quarter. Finally, Tarbox Family Office Inc. boosted its holdings in shares of Accenture by 34.6% in the 2nd quarter. Tarbox Family Office Inc. now owns 253 shares of the information technology services provider’s stock worth $47,000 after purchasing an additional 65 shares in the last quarter. 69.82% of the stock is currently owned by institutional investors.

In other Accenture news, CEO David Rowland sold 2,330 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $4,566,434.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel T. London sold 2,283 shares of the stock in a transaction that occurred on 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 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. In the last quarter, insiders sold 6,613 shares of company stock valued at $1,260,700. Company insiders own 0.18% of the company’s stock.

ACN stock traded down $1.87 during trading on Tuesday, hitting $185.47. 300,221 shares of the company traded hands, compared to its average volume of 2,173,297. The firm has a market capitalization of $125.71 billion, a PE ratio of 25.20, a P/E/G ratio of 2.33 and a beta of 1.04. Accenture Plc has a 1 year low of $132.63 and a 1 year high of $202.80. The company has a 50-day moving average of $191.11 and a 200-day moving average of $186.86.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 26th. The information technology services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.03. The company had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.07 billion. Accenture had a return on equity of 34.30% and a net margin of 11.06%. Accenture’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 EPS. As a group, equities analysts predict that Accenture Plc will post 7.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.73%. The ex-dividend date is Wednesday, October 16th. Accenture’s dividend payout ratio (DPR) is currently 43.48%.

A number of equities analysts have recently issued reports on ACN shares. BMO Capital Markets set a $200.00 price objective on Accenture and gave the stock a “hold” rating in a report on Friday, September 27th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $216.00 price objective on Accenture and gave the stock a “buy” rating in a report on Friday, September 27th. Cowen reiterated an “outperform” rating and issued a $205.00 price objective (up from $195.00) on shares of Accenture in a report on Monday, September 30th. KeyCorp set a $208.00 price objective on Accenture and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Zacks Investment Research cut Accenture from a “hold” rating to a “sell” rating and set a $214.00 price objective for the company. in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Accenture presently has an average rating of “Buy” and an average 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.

Recommended Story: How does equity income fit into an investing strategy?

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.