Accenture PLC (ACN) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC grew its stake in Accenture PLC (NYSE:ACN) by 21.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,388,291 shares of the information technology services provider’s stock after buying an additional 246,839 shares during the period. Parametric Portfolio Associates LLC owned 0.22% of Accenture PLC worth $171,704,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wealthfront Inc. raised its holdings in shares of Accenture PLC by 1.1% in the second quarter. Wealthfront Inc. now owns 17,238 shares of the information technology services provider’s stock worth $2,132,000 after buying an additional 184 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Accenture PLC by 0.5% in the second quarter. California Public Employees Retirement System now owns 1,578,919 shares of the information technology services provider’s stock worth $195,281,000 after buying an additional 7,500 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its holdings in shares of Accenture PLC by 0.8% in the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 251,692 shares of the information technology services provider’s stock worth $31,129,000 after buying an additional 2,050 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Accenture PLC by 24.0% in the second quarter. MML Investors Services LLC now owns 22,774 shares of the information technology services provider’s stock worth $2,817,000 after buying an additional 4,412 shares during the last quarter. Finally, TIAA FSB purchased a new position in shares of Accenture PLC in the second quarter worth $6,398,000. 77.69% of the stock is owned by institutional investors and hedge funds.
In other Accenture PLC news, insider Daniel T. London sold 637 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following 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. In the last 90 days, insiders have sold 64,110 shares of company stock valued at $8,573,675. 0.21% of the stock is owned by insiders.
A number of research analysts have issued reports on the stock. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $144.00 price target on shares of Accenture PLC in a report on Tuesday, October 3rd. UBS AG cut shares of Accenture PLC from a “positive” rating to a “neutral” rating in a report on Tuesday, October 3rd. SunTrust Banks, Inc. set a $130.00 price target on shares of Accenture PLC and gave the stock a “hold” rating in a report on Sunday, October 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 price target on shares of Accenture PLC in a report on Sunday, October 1st. Finally, BMO Capital Markets raised their price target on shares of Accenture PLC from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $141.84.
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Shares of Accenture PLC (NYSE ACN) opened at 137.42 on Thursday. The firm has a market cap of $84.86 billion, a price-to-earnings ratio of 25.25 and a beta of 1.08. The company’s 50-day moving average is $135.67 and its 200 day moving average is $127.09. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $140.00.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion during 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%. Accenture PLC’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. On average, analysts expect that Accenture PLC will post $6.56 earnings per share for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s payout ratio is currently 44.49%.
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.
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