Sather Financial Group Inc increased its stake in shares of Accenture PLC (NYSE:ACN) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,994 shares of the information technology services provider’s stock after acquiring an additional 2,374 shares during the quarter. Accenture comprises about 1.6% of Sather Financial Group Inc’s portfolio, making the stock its 29th largest holding. Sather Financial Group Inc’s holdings in Accenture were worth $5,807,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Flagship Harbor Advisors LLC lifted its position in Accenture by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after purchasing an additional 12 shares during the last quarter. AlphaMark Advisors LLC lifted its position in Accenture by 0.9% during the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after purchasing an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in Accenture by 1.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 24 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Accenture by 0.6% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,535 shares of the information technology services provider’s stock worth $664,000 after acquiring an additional 35 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Accenture by 5.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Accenture PLC (ACN) opened at $147.67 on Wednesday. The company has a market cap of $97,112.82, a PE ratio of 24.90, a P/E/G ratio of 2.18 and a beta of 1.08. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $148.60.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 EPS. analysts predict 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. Investors of record on Thursday, October 19th were paid a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture’s dividend payout ratio is presently 48.90%.

Several equities research analysts have recently issued reports on ACN shares. Cowen set a $150.00 target price on shares of Accenture and gave the stock a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus restated a “buy” rating and issued a $150.00 target price on shares of Accenture in a report on Sunday, October 1st. Barclays raised their target price on shares of Accenture from $124.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Wednesday, September 6th. Finally, Morgan Stanley raised their target price on shares of Accenture from $132.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $144.16.

In other Accenture news, insider Gianfranco Casati sold 20,380 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $142.72, for a total transaction of $2,908,633.60. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the transaction, the chief executive officer now directly owns 179,083 shares in the company, valued at approximately $24,181,577.49. The disclosure for this sale can be found here. Insiders sold a total of 83,325 shares of company stock worth $11,479,125 in the last ninety days. 0.21% of the stock is currently owned by insiders.

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Accenture 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 (NYSE:ACN)

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