Haverford Financial Services Inc. cut its position in Accenture Plc (NYSE:ACN) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,738 shares of the information technology services provider’s stock after selling 1,980 shares during the quarter. Accenture comprises 4.7% of Haverford Financial Services Inc.’s holdings, making the stock its 4th biggest position. Haverford Financial Services Inc.’s holdings in Accenture were worth $13,799,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of ACN. Farmers National Bank grew its stake in shares of 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 purchasing an additional 54 shares during the last quarter. Private Trust Co. NA increased its position in shares of Accenture by 1.6% in the second quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock worth $672,000 after acquiring an additional 57 shares in the last quarter. Modera Wealth Management LLC increased its position in shares of Accenture by 1.5% in the second quarter. Modera Wealth Management LLC now owns 3,891 shares of the information technology services provider’s stock worth $719,000 after acquiring an additional 57 shares in the last quarter. Pegasus Asset Management Inc. increased its position in shares of Accenture by 0.4% in the third quarter. Pegasus Asset Management Inc. now owns 16,876 shares of the information technology services provider’s stock worth $3,246,000 after acquiring an additional 60 shares in the last quarter. Finally, Enterprise Bank & Trust Co boosted its holdings in shares of Accenture by 0.7% during the second 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 during the period. Hedge funds and other institutional investors own 69.98% of the company’s stock.
In related news, insider Ellyn Shook sold 4,688 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $183.65, for a total transaction of $860,951.20. Following the transaction, the insider now owns 27,271 shares of the company’s stock, valued at $5,008,319.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 12,961 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $185.69, for a total transaction of $2,406,728.09. Following the transaction, the chief executive officer now directly owns 22,702 shares in the company, valued at approximately $4,215,534.38. The disclosure for this sale can be found here. Insiders have sold 37,014 shares of company stock worth $6,859,750 in the last ninety days. 0.18% of the stock is currently owned by insiders.
Several analysts recently commented on ACN shares. ValuEngine cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Argus raised their price target on shares of Accenture to $220.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Stifel Nicolaus set a $203.00 price target on shares of Accenture and gave the stock a “buy” rating in a report on Thursday, September 26th. Cowen restated an “outperform” rating and set a $205.00 price target (up from $195.00) on shares of Accenture in a report on Monday, September 30th. Finally, Barclays started coverage on shares of Accenture in a research note on Friday, September 20th. They issued an “overweight” rating and a $228.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. Accenture currently has a consensus rating of “Buy” and a consensus target price of $203.25.
Shares of NYSE:ACN traded up $0.61 during trading on Friday, reaching $189.70. The stock had a trading volume of 1,269,701 shares, compared to its average volume of 1,885,322. Accenture Plc has a 52 week low of $132.63 and a 52 week high of $202.80. The firm has a market capitalization of $125.58 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 2.32 and a beta of 1.03. The stock has a fifty day simple moving average of $187.60 and a two-hundred day simple moving average of $187.49.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 26th. The information technology services provider reported $1.74 EPS for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.03. Accenture had a net margin of 11.06% and a return on equity of 34.30%. The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.07 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts expect that Accenture Plc will post 7.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 17th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Wednesday, October 16th. Accenture’s dividend payout ratio (DPR) 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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