Vident Investment Advisory LLC purchased a new stake in Accenture Plc (NYSE:ACN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,052 shares of the information technology services provider’s stock, valued at approximately $413,000.
Several other institutional investors have also added to or reduced their stakes in ACN. Vanguard Group Inc. increased its position in Accenture by 2.3% in the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after purchasing an additional 1,088,676 shares during the period. BlackRock Inc. increased its position in Accenture by 3.0% in the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after purchasing an additional 1,196,578 shares during the period. Capital Research Global Investors increased its position in Accenture by 2.2% in the second quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after purchasing an additional 605,156 shares during the period. Northern Trust Corp increased its position in Accenture by 0.8% in the second quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after purchasing an additional 70,740 shares during the period. Finally, Independent Franchise Partners LLP increased its position in Accenture by 3.7% in the third quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock worth $850,044,000 after purchasing an additional 222,828 shares during the period. 72.51% of the stock is owned by institutional investors and hedge funds.
In other news, insider Richard Lumb sold 2,200 shares of Accenture stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.06, for a total transaction of $297,132.00. Following the transaction, the insider now owns 118,085 shares in the company, valued at approximately $15,948,560.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel T. London sold 637 shares of Accenture stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock worth $11,479,125 in the last quarter. 0.21% of the stock is currently owned by company insiders.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.31 EPS. equities research analysts forecast that Accenture Plc will post 6.54 EPS for the current year.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, August 28th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 price objective on shares of Accenture in a research report on Thursday, September 21st. Cowen set a $150.00 price objective on Accenture and gave the stock a “buy” rating in a research report on Monday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price objective on shares of Accenture in a research report on Friday, November 3rd. Finally, SunTrust Banks set a $130.00 price objective on Accenture and gave the stock a “hold” rating in a research report on Sunday, October 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $146.42.
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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.
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