Piedmont Investment Advisors LLC Grows Holdings in Accenture PLC (ACN)
Piedmont Investment Advisors LLC boosted its holdings in shares of Accenture PLC (NYSE:ACN) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 190,039 shares of the information technology services provider’s stock after buying an additional 2,285 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Accenture were worth $25,669,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Accenture by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock valued at $5,994,531,000 after purchasing an additional 1,088,676 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Accenture by 3.0% in the 2nd quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock valued at $5,028,772,000 after purchasing an additional 1,196,578 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Accenture by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock valued at $3,525,083,000 after purchasing an additional 605,156 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Accenture by 0.8% in the 2nd quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock valued at $1,172,063,000 after purchasing an additional 70,740 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Accenture by 3.7% in the 3rd quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock valued at $850,044,000 after purchasing an additional 222,828 shares in the last quarter. Institutional investors own 72.51% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Deutsche Bank raised their price objective on shares of Accenture to $165.00 in a report on Monday. Berenberg Bank restated a “buy” rating and issued a $160.00 price objective on shares of Accenture in a report on Thursday, September 21st. Cowen reaffirmed a “buy” rating and issued a $150.00 target price (up from $135.00) on shares of Accenture in a research report on Tuesday, September 19th. Societe Generale downgraded shares of Accenture from a “buy” rating to a “hold” rating and set a $144.00 target price on the stock. in a research report on Thursday, September 28th. Finally, Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $144.00 target price on shares of Accenture in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $145.77.
Accenture (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 Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same period last year, the firm posted $1.31 EPS. Accenture’s revenue for the quarter was up 7.8% on a year-over-year basis. analysts anticipate that Accenture PLC will post 6.54 EPS for the current year.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were given a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture’s payout ratio is currently 48.90%.
In other Accenture news, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $24,181,577.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Johan Deblaere sold 5,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.05, for a total transaction of $675,250.00. Following the transaction, the chief operating officer now directly owns 120,817 shares in the company, valued at $16,316,335.85. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock worth $11,479,125 over the last three months. 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.
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