Accenture plc (NYSE:ACN) Stake Raised by US Bancorp DE


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US Bancorp DE grew its position in Accenture plc (NYSE:ACN) by 0.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,209,539 shares of the information technology services provider’s stock after purchasing an additional 1,150 shares during the period. US Bancorp DE owned about 0.19% of Accenture worth $334,136,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Accenture during the 4th quarter valued at about $1,577,735,000. Nuveen Asset Management LLC lifted its position in shares of Accenture by 17.8% during the 4th quarter. Nuveen Asset Management LLC now owns 5,240,801 shares of the information technology services provider’s stock worth $1,368,949,000 after buying an additional 791,761 shares during the period. BlackRock Inc. lifted its holdings in shares of Accenture by 1.1% during the fourth quarter. BlackRock Inc. now owns 46,169,055 shares of the information technology services provider’s stock valued at $12,059,818,000 after acquiring an additional 496,867 shares during the period. Lazard Freres Gestion S.A.S. acquired a new stake in shares of Accenture in the 4th quarter valued at $126,101,000. Finally, Wilkinson Global Asset Management LLC acquired a new stake in shares of Accenture in the 1st quarter valued at $86,613,000. 70.99% of the stock is currently owned by institutional investors.

In other Accenture news, insider James O. Etheredge sold 2,428 shares of the firm’s stock in a transaction on Wednesday, February 3rd. The stock was sold at an average price of $248.54, for a total transaction of $603,455.12. Also, Chairman David Rowland sold 7,966 shares of the firm’s stock in a transaction on Wednesday, February 3rd. The shares were sold at an average price of $248.51, for a total value of $1,979,630.66. Insiders have sold a total of 47,598 shares of company stock valued at $12,957,921 in the last ninety days. Insiders own 0.07% of the company’s stock.

Several brokerages have recently commented on ACN. Susquehanna Bancshares boosted their target price on shares of Accenture from $290.00 to $325.00 and gave the company a “positive” rating in a research note on Friday, March 19th. Susquehanna upped their price target on shares of Accenture from $290.00 to $325.00 and gave the stock a “positive” rating in a research report on Thursday, March 25th. Morgan Stanley upped their price target on shares of Accenture from $297.00 to $305.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Accenture from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, April 13th. Finally, Bank of America upgraded shares of Accenture from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Wednesday, March 24th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Accenture presently has a consensus rating of “Buy” and a consensus target price of $276.05.

Shares of NYSE ACN traded down $1.27 during trading hours on Tuesday, hitting $290.90. The company had a trading volume of 11,489 shares, compared to its average volume of 2,047,157. The stock has a market capitalization of $185.06 billion, a P/E ratio of 35.98, a price-to-earnings-growth ratio of 3.09 and a beta of 1.08. Accenture plc has a 1-year low of $174.94 and a 1-year high of $293.42. The firm’s 50 day moving average is $280.69 and its 200-day moving average is $256.71.

Accenture (NYSE:ACN) last released its quarterly earnings data on Wednesday, March 17th. The information technology services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.90 by $0.13. The company had revenue of $12.09 billion during the quarter, compared to the consensus estimate of $11.83 billion. Accenture had a return on equity of 29.32% and a net margin of 11.74%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.91 EPS. Equities research analysts expect that Accenture plc will post 8.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Thursday, April 15th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, April 14th. Accenture’s dividend payout ratio is 47.18%.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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