Cape Cod Five Cents Savings Bank trimmed its stake in Accenture PLC (NYSE:ACN) by 13.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,962 shares of the information technology services provider’s stock after selling 6,393 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Accenture PLC were worth $5,667,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. TCI Wealth Advisors Inc. raised its stake in shares of Accenture PLC by 23.4% in 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 during the last quarter. Bellwether Investment Group LLC raised its stake in shares of Accenture PLC by 64.2% in 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 during the last quarter. Manchester Capital Management LLC raised its stake in shares of Accenture PLC by 7.0% in 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 during the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Accenture PLC in the first quarter worth $122,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Accenture PLC by 5.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after purchasing an additional 52 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

ACN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Monday, August 28th. Stifel Nicolaus upped their price objective on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. KeyCorp reiterated a “buy” rating and set a $149.00 price objective on shares of Accenture PLC in a research report on Sunday, October 29th. Cowen and Company set a $150.00 price objective on Accenture PLC and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Morgan Stanley upped their price objective on Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Accenture PLC has an average rating of “Buy” and an average price target of $142.89.

In related news, insider Richard P. Clark sold 3,155 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $143.01, for a total transaction of $451,196.55. Following the completion of the transaction, the insider now directly owns 5,533 shares of the company’s stock, valued at $791,274.33. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Johan Deblaere sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.05, for a total value of $675,250.00. Following the transaction, the chief operating officer now directly owns 120,817 shares of the company’s stock, valued at $16,316,335.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is owned by corporate insiders.

Accenture PLC (NYSE:ACN) opened at $144.96 on Wednesday. Accenture PLC has a one year low of $112.31 and a one year high of $145.50. The firm has a market capitalization of $94,981.16, a PE ratio of 24.35, a PEG ratio of 2.13 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same period in the prior year, the company earned $1.31 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. equities analysts predict that Accenture PLC will post 6.54 earnings per share for the current fiscal year.

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be paid a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is presently 48.90%.

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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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