WASHINGTON TRUST Co Has $14.68 Million Holdings in Accenture PLC (ACN)
WASHINGTON TRUST Co lessened its stake in shares of Accenture PLC (NYSE:ACN) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,660 shares of the company’s stock after selling 1,178 shares during the quarter. WASHINGTON TRUST Co’s holdings in Accenture PLC were worth $14,676,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Flagship Harbor Advisors LLC lifted its stake in shares of Accenture PLC by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the company’s stock worth $362,000 after purchasing an additional 12 shares during the period. AlphaMark Advisors LLC lifted its stake in shares of Accenture PLC by 0.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the company’s stock worth $287,000 after purchasing an additional 20 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Accenture PLC by 1.4% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the company’s stock worth $223,000 after purchasing an additional 24 shares during the period. Boston Financial Mangement LLC lifted its stake in shares of Accenture PLC by 0.5% during the 1st quarter. Boston Financial Mangement LLC now owns 5,469 shares of the company’s stock worth $656,000 after purchasing an additional 28 shares during the period. Finally, Guardian Life Insurance Co. of America lifted its stake in shares of Accenture PLC by 1.2% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,405 shares of the company’s stock worth $288,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.
Accenture PLC (NYSE ACN) opened at C$143.89 on Monday. Accenture PLC has a twelve month low of C$112.31 and a twelve month high of C$145.00. The stock has a market cap of $94,961.36, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.47 by C$0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm had revenue of C$9.15 billion for the quarter, compared to analysts’ expectations of C$9.01 billion. During the same quarter last year, the company posted $1.31 earnings per share. Accenture PLC’s revenue was up 7.8% on a year-over-year basis. sell-side analysts anticipate that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a dividend of $1.33 per share. The ex-dividend date is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is presently 48.90%.
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In other news, insider Richard P. Clark sold 3,155 shares of Accenture PLC stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of C$143.01, for a total transaction of C$451,196.55. Following the sale, the insider now owns 5,533 shares of the company’s stock, valued at C$791,274.33. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 C$135.03, for a total value of C$5,210,672.67. Following the sale, the chief executive officer now directly owns 179,083 shares in the company, valued at approximately C$24,181,577.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,325 shares of company stock worth $11,479,125. Corporate insiders own 0.21% of the company’s stock.
A number of research analysts have weighed in on the company. Pivotal Research assumed coverage on Accenture PLC in a research note on Wednesday, November 8th. They set a “buy” rating and a $165.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 target price on shares of Accenture PLC in a research report on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating and issued a $149.00 target price on shares of Accenture PLC in a research report on Sunday, October 29th. Cowen and Company set a $150.00 price target on Accenture PLC and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $144.00 price target on shares of Accenture PLC in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$142.89.
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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