Salem Investment Counselors Inc. lessened its holdings in shares of Accenture PLC (NYSE:ACN) by 9.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 46,497 shares of the information technology services provider’s stock after selling 4,646 shares during the period. Salem Investment Counselors Inc.’s holdings in Accenture PLC were worth $5,751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board lifted its position in shares of Accenture PLC by 18.9% during 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 purchasing an additional 75,100 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Accenture PLC by 4.9% during 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 purchasing an additional 97,760 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Accenture PLC by 0.3% during 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 purchasing an additional 916 shares during the last quarter. Vigilant Capital Management LLC lifted its position in shares of Accenture PLC by 1.8% during 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 purchasing an additional 1,780 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Accenture PLC by 2.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 35,664 shares of the information technology services provider’s stock worth $4,411,000 after purchasing an additional 795 shares during the last quarter. 77.69% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on ACN shares. Stifel Nicolaus reissued a “buy” rating and set a $150.00 price objective on shares of Accenture PLC in a research report on Sunday, October 1st. Barclays PLC upped their price target on Accenture PLC from $124.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Wednesday, September 6th. Morgan Stanley upped their price target on Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, September 22nd. Finally, Cantor Fitzgerald upped their price target on Accenture PLC to $151.00 and gave the company an “overweight” rating in a report on Friday, September 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Accenture PLC presently has a consensus rating of “Buy” and a consensus price target of $141.84.

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In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of the business’s 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 directly owns 179,083 shares in the company, valued at $24,181,577.49. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total transaction of $284,372.00. Following the transaction, the insider now owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,328 shares of company stock valued at $7,703,996. Company insiders own 0.21% of the company’s stock.

Shares of Accenture PLC (ACN) opened at 139.49 on Monday. The company has a market capitalization of $86.14 billion, a price-to-earnings ratio of 25.63 and a beta of 1.08. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $140.00. The company’s 50-day moving average price is $136.17 and its 200-day moving average price is $127.33.

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, beating the consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same period in the previous year, the business earned $1.31 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Accenture PLC will post $6.56 EPS 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 is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio is currently 48.90%.

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)

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