Vontobel Swiss Wealth Advisors AG Boosts Holdings in Accenture PLC (ACN)
Vontobel Swiss Wealth Advisors AG boosted its position in shares of Accenture PLC (NYSE:ACN) by 43.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,875 shares of the information technology services provider’s stock after buying an additional 875 shares during the period. Vontobel Swiss Wealth Advisors AG’s holdings in Accenture PLC were worth $388,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of ACN. BlackRock Inc. increased its stake in Accenture PLC by 2,139.5% during the 1st 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 in the last quarter. Vanguard Group Inc. increased its stake in Accenture PLC by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock worth $5,679,843,000 after buying an additional 2,749,896 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Accenture PLC by 2,531.4% during the 2nd 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 during the last quarter. BT Investment Management Ltd acquired a new position in shares of Accenture PLC during the 2nd quarter worth approximately $220,158,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Accenture PLC by 38.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock worth $515,189,000 after purchasing an additional 1,202,048 shares during the last quarter. Institutional investors own 71.36% of the company’s stock.
In other news, insider Daniel T. London sold 637 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Rowland sold 3,702 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.04, for a total transaction of $499,918.08. Following the sale, the chief financial officer now owns 9,864 shares of the company’s stock, valued at approximately $1,332,034.56. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock valued at $11,479,125 in the last quarter. Insiders own 0.21% of the company’s stock.
ACN has been the topic of several recent research reports. Stifel Nicolaus boosted their target price on Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a report on Thursday, September 14th. Royal Bank Of Canada boosted their target price on Accenture PLC from $145.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, KeyCorp restated a “buy” rating and set a $149.00 target price on shares of Accenture PLC in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Accenture PLC currently has an average rating of “Buy” and an average price target of $143.73.
Accenture PLC (ACN) opened at $146.57 on Tuesday. The stock has a market capitalization of $93,530.00, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08. Accenture PLC has a twelve month low of $112.31 and a twelve month high of $147.28.
Accenture PLC (NYSE:ACN) last issued 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 company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 earnings per share. analysts predict that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were issued 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 payout ratio is 48.90%.
About Accenture PLC
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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