Chicago Equity Partners LLC lowered its position in Accenture PLC (NYSE:ACN) by 24.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,095 shares of the information technology services provider’s stock after selling 33,785 shares during the period. Chicago Equity Partners LLC’s holdings in Accenture PLC were worth $14,330,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Accenture PLC in the second quarter worth about $533,000. TCI Wealth Advisors Inc. increased its stake in shares of Accenture PLC by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 162 shares in the last quarter. Bellwether Investment Group LLC increased its stake in shares of Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares in the last quarter. Manchester Capital Management LLC increased its stake in shares of Accenture PLC by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Accenture PLC during the first quarter worth about $122,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

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A number of research firms have recently commented on ACN. Pivotal Research began coverage on shares of Accenture PLC in a research note on Wednesday, November 8th. They set a “buy” rating and a $165.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $150.00 target price on shares of Accenture PLC in a research note on Friday, November 3rd. KeyCorp reissued a “buy” rating and set a $149.00 target price on shares of Accenture PLC in a research note on Sunday, October 29th. Cowen and Company set a $150.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $144.00 price objective on shares of Accenture PLC in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $142.89.

In other news, CFO David Rowland sold 3,702 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.04, for a total value of $499,918.08. Following the transaction, the chief financial officer now directly owns 9,864 shares in the company, valued at approximately $1,332,034.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 179,083 shares in the company, valued at $24,181,577.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,325 shares of company stock worth $11,479,125. Company insiders own 0.21% of the company’s stock.

Accenture PLC (ACN) opened at $143.92 on Tuesday. Accenture PLC has a fifty-two week low of $112.31 and a fifty-two week high of $145.00. The company has a market cap of $94,961.36, a P/E ratio of 24.35, a PEG ratio of 2.13 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping 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 firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same period in the prior year, the business posted $1.31 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. research analysts forecast that Accenture PLC will post 6.54 EPS for the current year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio is currently 48.90%.

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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