Cadinha & Co. LLC lifted its holdings in Accenture PLC (NYSE:ACN) by 0.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 97,147 shares of the information technology services provider’s stock after buying an additional 907 shares during the quarter. Accenture makes up 2.2% of Cadinha & Co. LLC’s portfolio, making the stock its 19th biggest position. Cadinha & Co. LLC’s holdings in Accenture were worth $13,122,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ACN. Flagship Harbor Advisors LLC lifted its position in Accenture by 0.4% in the 2nd 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% in the 2nd 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% in the 2nd 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. Parkside Financial Bank & Trust lifted its position in 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 valued at $127,000 after purchasing an additional 52 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in Accenture by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 72.51% of the company’s stock.

ACN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Monday, August 28th. Stifel Nicolaus boosted their price target on shares of Accenture from $138.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Bank of America initiated coverage on shares of Accenture in a research report on Tuesday, September 12th. They set a “buy” rating and a $150.00 price target on the stock. Cowen restated a “buy” rating and set a $150.00 price target (up from $135.00) on shares of Accenture in a research report on Tuesday, September 19th. Finally, Berenberg Bank restated a “buy” rating and set a $160.00 price target on shares of Accenture in a research report on Thursday, September 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Accenture currently has a consensus rating of “Buy” and a consensus target price of $144.38.

Accenture PLC (NYSE ACN) opened at $148.27 on Thursday. The stock has a market cap of $97,456.00, a P/E ratio of 24.99, a PEG ratio of 2.19 and a beta of 1.08. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $148.60.

Accenture (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 Thomson Reuters’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS. research analysts predict that Accenture PLC will post 6.54 earnings per share for the current year.

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

In other news, insider Daniel T. London sold 637 shares of Accenture stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard P. Clark sold 3,155 shares of Accenture 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 in the company, valued at $791,274.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is currently owned by insiders.

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Accenture 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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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