Keating Investment Counselors Inc. lessened its position in Accenture PLC (NYSE:ACN) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,300 shares of the information technology services provider’s stock after selling 390 shares during the quarter. Keating Investment Counselors Inc.’s holdings in Accenture PLC were worth $1,398,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ACN. Canada Pension Plan Investment Board increased its stake in Accenture PLC by 18.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock worth $58,532,000 after buying an additional 75,100 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Accenture PLC by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock worth $258,221,000 after buying an additional 97,760 shares during the period. Retirement Systems of Alabama increased its stake in Accenture PLC by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock worth $42,067,000 after buying an additional 916 shares during the period. Waldron LP increased its stake in Accenture PLC by 93.3% in the 1st quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after buying an additional 2,756 shares during the period. Finally, Vigilant Capital Management LLC increased its stake in Accenture PLC by 1.8% in the 2nd quarter. Vigilant Capital Management LLC now owns 101,619 shares of the information technology services provider’s stock worth $12,568,000 after buying an additional 1,780 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Several research analysts recently commented on ACN shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $138.00 price target (up previously from $132.00) on shares of Accenture PLC in a research note on Wednesday, June 14th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $138.00 price target (up previously from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Morgan Stanley set a $132.00 target price on shares of Accenture PLC and gave the company a “hold” rating in a research report on Friday, June 16th. BMO Capital Markets reissued a “hold” rating and set a $130.00 target price (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Finally, Berenberg Bank set a $140.00 target price on shares of Accenture PLC and gave the company a “buy” rating in a research report on Saturday, June 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $141.84.

In related news, insider Daniel T. London sold 4,808 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $128.05, for a total transaction of $615,664.40. Following the completion of the sale, the insider now directly owns 22,681 shares of the company’s stock, valued at $2,904,302.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Julie Spellman Sweet sold 1,974 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $128.68, for a total value of $254,014.32. Following the sale, the insider now directly owns 14,082 shares of the company’s stock, valued at $1,812,071.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,073 shares of company stock valued at $9,317,545. Corporate insiders own 0.21% of the company’s stock.

Accenture PLC (NYSE:ACN) opened at 136.22 on Friday. The stock’s 50 day moving average is $133.29 and its 200 day moving average is $126.01. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $138.70. The stock has a market capitalization of $84.12 billion, a price-to-earnings ratio of 25.03 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same period last year, the company earned $1.31 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts forecast that Accenture PLC will post $6.55 EPS for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s dividend payout ratio is presently 44.49%.

WARNING: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/10/06/keating-investment-counselors-inc-has-1-40-million-stake-in-accenture-plc-acn.html.

About Accenture PLC

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 PLC (NYSE:ACN)

Receive News & Stock Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related stocks with our FREE daily email newsletter.