Raymond James Trust N.A. lowered its stake in shares of Accenture PLC (NYSE:ACN) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,781 shares of the information technology services provider’s stock after selling 279 shares during the quarter. Raymond James Trust N.A.’s holdings in Accenture PLC were worth $6,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oarsman Capital Inc. increased its position in shares of Accenture PLC by 3.0% during the second quarter. Oarsman Capital Inc. now owns 7,002 shares of the information technology services provider’s stock valued at $866,000 after buying an additional 201 shares during the period. Summit Global Investments increased its position in shares of Accenture PLC by 10.3% during the second quarter. Summit Global Investments now owns 47,863 shares of the information technology services provider’s stock valued at $5,920,000 after buying an additional 4,489 shares during the period. Riverhead Capital Management LLC increased its position in shares of Accenture PLC by 67.1% during the second quarter. Riverhead Capital Management LLC now owns 76,479 shares of the information technology services provider’s stock valued at $9,459,000 after buying an additional 30,709 shares during the period. Coastline Trust Co increased its position in shares of Accenture PLC by 1.5% during the second quarter. Coastline Trust Co now owns 29,701 shares of the information technology services provider’s stock valued at $3,673,000 after buying an additional 445 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Accenture PLC by 11.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 109,137 shares of the information technology services provider’s stock valued at $13,499,000 after buying an additional 10,923 shares during the period. Institutional investors own 77.73% of the company’s stock.

Shares of Accenture PLC (ACN) opened at 137.52 on Wednesday. The stock has a market cap of $84.92 billion, a PE ratio of 25.27 and a beta of 1.08. The firm has a 50-day moving average of $134.08 and a 200-day moving average of $126.36. Accenture PLC has a one year low of $112.31 and a one year high of $138.70.

Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. On average, equities research analysts expect that Accenture PLC will post $6.56 earnings per share for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be given a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is 44.49%.

In other Accenture PLC news, insider Daniel T. London sold 637 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.06, for a total transaction of $297,132.00. Following the completion of the transaction, the insider now directly owns 118,085 shares in the company, valued at approximately $15,948,560.10. The disclosure for this sale can be found here. Insiders have sold a total of 66,310 shares of company stock worth $8,854,197 in the last three months. Insiders own 0.21% of the company’s stock.

ACN has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $150.00 price target on shares of Accenture PLC in a research report on Sunday, October 1st. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Wednesday, September 6th. Morgan Stanley boosted their price target on shares of Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, September 22nd. Barclays PLC boosted their price target on shares of Accenture PLC from $124.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 27th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $130.00 price target (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Accenture PLC presently has an average rating of “Buy” and a consensus price target of $141.84.

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Accenture PLC Profile

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)

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