Bessemer Group Inc. raised its stake in Accenture plc (NYSE:ACN) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,599 shares of the information technology services provider’s stock after acquiring an additional 1,629 shares during the quarter. Bessemer Group Inc.’s holdings in Accenture plc were worth $6,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Ridge Investment Management purchased a new position in Accenture plc in the third quarter valued at about $359,000. Canada Pension Plan Investment Board boosted its stake in Accenture plc by 18.9% in the second quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock valued at $58,532,000 after acquiring an additional 75,100 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Accenture plc by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock valued at $258,221,000 after acquiring an additional 97,760 shares during the last quarter. Koch Industries Inc. boosted its stake in Accenture plc by 18,227.9% in the second quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock valued at $327,000 after acquiring an additional 328,103 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Accenture plc by 0.3% in the second quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock valued at $42,067,000 after acquiring an additional 916 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

A number of research analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Accenture plc from $148.00 to $162.00 and gave the company a “reduce” rating in a research note on Thursday. Pivotal Research assumed coverage on shares of Accenture plc in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 target price on shares of Accenture plc in a research note on Friday, November 3rd. KeyCorp reiterated a “buy” rating and issued a $149.00 target price on shares of Accenture plc in a research note on Sunday, October 29th. Finally, Cowen and Company set a $150.00 target price on shares of Accenture plc and gave the company a “buy” rating in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $143.73.

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Accenture plc (ACN) opened at $145.45 on Friday. Accenture plc has a 12 month low of $112.31 and a 12 month high of $147.28. The company has a market cap of $94,270.00, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08.

Accenture plc (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. Accenture plc had a net margin of 10.20% and a return on equity of 43.70%. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter in the previous year, the company earned $1.31 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. analysts anticipate that Accenture plc will post 6.54 earnings per share for the current year.

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were paid a $1.33 dividend. The ex-dividend date was Wednesday, October 18th. This represents a yield of 1.97%. Accenture plc’s dividend payout ratio is presently 48.90%.

In other Accenture plc news, insider Gianfranco Casati sold 20,380 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $142.72, for a total value of $2,908,633.60. Following the completion of the transaction, the insider now owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard P. Clark sold 3,155 shares of the business’s 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 approximately $791,274.33. The disclosure for this sale can be found here. In the last three months, insiders sold 83,325 shares of company stock valued at $11,479,125. Corporate insiders own 0.21% of the company’s stock.

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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Institutional Ownership by Quarter for Accenture plc (NYSE:ACN)

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