Accenture PLC (ACN) Holdings Increased by Alyeska Investment Group L.P.
Alyeska Investment Group L.P. raised its holdings in Accenture PLC (NYSE:ACN) by 590.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,288 shares of the information technology services provider’s stock after buying an additional 125,090 shares during the quarter. Alyeska Investment Group L.P.’s holdings in Accenture were worth $19,759,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. acquired a new position in Accenture during the 2nd quarter worth approximately $533,000. Jacobi Capital Management LLC lifted its position in Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in Accenture by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after acquiring an additional 162 shares in the last quarter. Manchester Capital Management LLC lifted its position in Accenture by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in Accenture during the 1st quarter worth approximately $122,000. Institutional investors own 72.51% of the company’s stock.
Accenture PLC (NYSE ACN) opened at $150.53 on Monday. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $150.59. The stock has a market capitalization of $99,343.48, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08.
The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, October 19th were given 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’s dividend payout ratio is currently 48.90%.
Several research firms recently commented on ACN. Robert W. Baird reissued a “hold” rating and set a $155.00 price target on shares of Accenture in a research report on Thursday. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Tuesday, November 28th. Evercore ISI boosted their price target on Accenture from $148.00 to $162.00 and gave the stock a “reduce” rating in a research report on Thursday, November 16th. Pivotal Research began coverage on Accenture in a research report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and set a $150.00 price target on shares of Accenture in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $144.38.
In related news, insider Daniel T. London sold 637 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Richard P. Clark sold 3,155 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were 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 in the company, valued at $791,274.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,325 shares of company stock worth $11,479,125. Corporate insiders own 0.21% of the company’s stock.
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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