Rock Point Advisors LLC lifted its holdings in Accenture PLC (NYSE:ACN) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,717 shares of the information technology services provider’s stock after buying an additional 1,190 shares during the period. Accenture PLC comprises 3.0% of Rock Point Advisors LLC’s holdings, making the stock its 15th largest holding. Rock Point Advisors LLC’s holdings in Accenture PLC were worth $6,396,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ACN. BlackRock Inc. increased its holdings in shares of Accenture PLC by 2,139.5% in the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock worth $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. Vanguard Group Inc. grew its holdings in Accenture PLC by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock valued at $5,679,843,000 after purchasing an additional 2,749,896 shares during the last quarter. Wellington Management Group LLP grew its holdings in Accenture PLC by 8.8% during the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock valued at $2,587,385,000 after purchasing an additional 1,738,262 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Accenture PLC by 38.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock valued at $515,189,000 after purchasing an additional 1,202,048 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Accenture PLC by 212.6% during the 1st quarter. Schroder Investment Management Group now owns 1,295,260 shares of the information technology services provider’s stock valued at $156,105,000 after purchasing an additional 880,905 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

In related news, insider Gianfranco Casati sold 5,000 shares of Accenture PLC stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total value of $650,000.00. Following the completion of the transaction, the insider now owns 56,014 shares in the company, valued at $7,281,820. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of Accenture PLC stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the completion of the transaction, the chief executive officer now owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The disclosure for this sale can be found here. Insiders sold 66,310 shares of company stock valued at $8,854,197 in the last 90 days. Company insiders own 0.21% of the company’s stock.

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Shares of Accenture PLC (NYSE ACN) opened at 139.20 on Friday. The stock has a market cap of $85.96 billion, a PE ratio of 25.58 and a beta of 1.08. The stock has a 50 day moving average of $134.60 and a 200 day moving average of $126.52. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $139.65.

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

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

Several equities analysts recently commented on the stock. Berenberg Bank set a $140.00 price target on shares of Accenture PLC and gave the company a “buy” rating in a report on Saturday, June 24th. UBS AG downgraded shares of Accenture PLC from a “positive” rating to a “neutral” rating in a report on Tuesday, October 3rd. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $144.00 price target on shares of Accenture PLC in a report on Tuesday, October 3rd. Cantor Fitzgerald reiterated a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a report on Thursday, September 28th. Finally, KeyCorp reiterated a “buy” rating and set a $149.00 price target on shares of Accenture PLC in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $141.84.

Accenture PLC Company 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.

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Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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