Accenture PLC (ACN) Shares Bought by Swiss National Bank
Swiss National Bank grew its holdings in shares of Accenture PLC (NYSE:ACN) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,609,117 shares of the information technology services provider’s stock after buying an additional 14,000 shares during the quarter. Swiss National Bank owned 424,439.91% of Accenture PLC worth $352,413,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Accenture PLC by 2,139.5% in the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock worth $4,730,821,000 after buying an additional 37,700,871 shares during the period. Vanguard Group Inc. grew its stake in shares of Accenture PLC by 6.2% in the first quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock worth $5,679,843,000 after purchasing an additional 2,749,896 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Accenture PLC by 2,531.4% in the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock worth $311,760,000 after purchasing an additional 2,424,888 shares in the last quarter. BT Investment Management Ltd bought a new position in shares of Accenture PLC in the second quarter worth $220,158,000. Finally, Wellington Management Group LLP grew its stake in shares of Accenture PLC by 8.8% in the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after purchasing an additional 1,738,262 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.
Several research analysts recently weighed in on ACN shares. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, August 28th. Stifel Nicolaus raised their target price on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. KeyCorp reaffirmed 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 target price on Accenture PLC and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley raised their target price on Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $143.73.
Shares of Accenture PLC (NYSE ACN) opened at $147.04 on Friday. The stock has a market capitalization of $94,270.00, a PE ratio of 24.41, a P/E/G ratio of 2.14 and a beta of 1.08. Accenture PLC has a one year low of $112.31 and a one year high of $147.28.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 EPS. sell-side analysts anticipate that Accenture PLC will post 6.54 EPS for the current year.
The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were paid a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is presently 48.90%.
In other news, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $143.01, for a total value of $451,196.55. Following the sale, the insider now directly owns 5,533 shares of the company’s stock, valued at $791,274.33. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock valued at $11,479,125 over the last ninety days. Company insiders own 0.21% of the company’s stock.
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Accenture PLC 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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