Thomas Story & Son LLC cut its stake in shares of Accenture Plc (NYSE:ACN) by 10.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 58,540 shares of the information technology services provider’s stock after selling 6,960 shares during the period. Accenture makes up approximately 5.8% of Thomas Story & Son LLC’s holdings, making the stock its 5th largest holding. Thomas Story & Son LLC’s holdings in Accenture were worth $11,260,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Lenox Wealth Advisors LLC boosted its stake in Accenture by 297.1% in the 2nd quarter. Lenox Wealth Advisors LLC now owns 135 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in Accenture by 125.0% in the third quarter. McIlrath & Eck LLC now owns 135 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 75 shares during the period. Next Capital Management LLC acquired a new stake in Accenture in the second quarter valued at $34,000. Cerebellum GP LLC acquired a new stake in Accenture in the second quarter valued at $40,000. Finally, Lipe & Dalton acquired a new stake in Accenture in the second quarter valued at $42,000. 69.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CAO Richard P. Clark sold 2,752 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $185.70, for a total value of $511,046.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 804 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $186.68, for a total value of $150,090.72. The disclosure for this sale can be found here. Insiders sold 37,014 shares of company stock valued at $6,859,750 in the last three months. 0.18% of the stock is currently owned by insiders.
Shares of ACN stock traded up $0.61 during mid-day trading on Friday, reaching $189.70. The stock had a trading volume of 1,255,713 shares, compared to its average volume of 1,885,322. The stock’s 50-day moving average price is $187.48 and its two-hundred day moving average price is $187.54. 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 PE ratio of 25.77, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 26th. The information technology services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.03. The firm had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.07 billion. Accenture had a net margin of 11.06% and a return on equity of 34.30%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 earnings per share. Equities analysts forecast that Accenture Plc will post 7.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, October 16th. Accenture’s dividend payout ratio is currently 43.48%.
A number of research analysts have recently commented on the company. Stifel Nicolaus set a $203.00 price objective on Accenture and gave the company a “buy” rating in a report on Thursday, September 26th. Robert W. Baird decreased their price target on Accenture from $212.00 to $208.00 and set a “neutral” rating for the company in a report on Friday, September 27th. JPMorgan Chase & Co. set a $216.00 price target on Accenture and gave the stock a “buy” rating in a report on Friday, September 27th. ValuEngine downgraded Accenture from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Cantor Fitzgerald set a $215.00 target price on Accenture and gave the company a “buy” rating in a report on Friday, September 27th. One 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. The stock presently has a consensus rating of “Buy” and an average price target of $203.25.
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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