Accenture PLC (ACN) Holdings Boosted by Rhumbline Advisers

Rhumbline Advisers boosted its position in Accenture PLC (NYSE:ACN) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,044,919 shares of the information technology services provider’s stock after acquiring an additional 10,502 shares during the quarter. Rhumbline Advisers owned 0.17% of Accenture worth $141,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC increased its stake in shares of Accenture by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. increased its position in shares of Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares in the last quarter. Bellwether Investment Group LLC increased its position in shares of Accenture by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after acquiring an additional 359 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in Accenture in the first quarter worth approximately $122,000. 72.51% of the stock is currently owned by institutional investors and hedge funds.

Accenture PLC (NYSE ACN) traded up $0.60 during trading hours on Wednesday, hitting $148.27. 1,363,413 shares of the stock were exchanged, compared to its average volume of 2,116,752. The firm has a market capitalization of $94,910.00, a price-to-earnings ratio of 24.90, a P/E/G ratio of 2.18 and a beta of 1.08. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $148.60.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.31 earnings per share. analysts predict that Accenture PLC will post 6.54 earnings per share for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were given a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture’s dividend payout ratio is presently 48.90%.

ACN has been the topic of several research reports. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Monday, August 28th. Stifel Nicolaus lifted their target price on shares of Accenture from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Bank of America initiated coverage on shares of Accenture in a research note on Tuesday, September 12th. They set a “buy” rating and a $150.00 target price on the stock. Cowen reiterated a “buy” rating and issued a $150.00 price target (up from $135.00) on shares of Accenture in a report on Tuesday, September 19th. Finally, Berenberg Bank reiterated a “buy” rating and issued a $160.00 price target on shares of Accenture in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $144.16.

In other news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.06, for a total transaction of $297,132.00. Following the completion of the sale, the insider now owns 118,085 shares in the company, valued at approximately $15,948,560.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Rowland sold 3,702 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.04, for a total transaction of $499,918.08. Following the completion of the transaction, the chief financial officer now directly owns 9,864 shares in the company, valued at $1,332,034.56. The disclosure for this sale can be found here. In the last three months, insiders sold 83,325 shares of company stock valued at $11,479,125. Insiders own 0.21% of the company’s stock.

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About Accenture

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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