Rhumbline Advisers raised its stake in Accenture Plc (NYSE:ACN) by 0.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,095,328 shares of the information technology services provider’s stock after acquiring an additional 6,287 shares during the period. Rhumbline Advisers’ holdings in Accenture were worth $186,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Accenture by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,269,667 shares of the information technology services provider’s stock worth $194,894,000 after acquiring an additional 55,510 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Accenture by 91.3% in the 2nd quarter. Fisher Asset Management LLC now owns 6,873 shares of the information technology services provider’s stock worth $1,124,000 after acquiring an additional 3,280 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Accenture by 5.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 137,270 shares of the information technology services provider’s stock worth $22,456,000 after acquiring an additional 7,253 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Accenture by 2.7% in the 2nd quarter. Retirement Systems of Alabama now owns 339,274 shares of the information technology services provider’s stock worth $55,502,000 after acquiring an additional 8,793 shares during the last quarter. Finally, Oakbrook Investments LLC raised its holdings in Accenture by 41.7% during the 2nd quarter. Oakbrook Investments LLC now owns 4,251 shares of the information technology services provider’s stock valued at $695,000 after buying an additional 1,251 shares during the last quarter. Institutional investors own 71.49% of the company’s stock.

Shares of Accenture stock opened at $160.29 on Thursday. The firm has a market cap of $107.90 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 2.18 and a beta of 1.01. Accenture Plc has a 12-month low of $143.68 and a 12-month high of $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.02. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 EPS. As a group, equities research analysts predict that Accenture Plc will post 7.21 earnings per share for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 18th will be given a dividend of $1.46 per share. This is an increase from Accenture’s previous semiannual dividend of $1.21. This represents a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, October 17th. Accenture’s payout ratio is presently 43.32%.

ACN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Accenture from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Argus upped their price target on shares of Accenture to $200.00 and gave the company a “positive” rating in a report on Friday, September 28th. They noted that the move was a valuation call. BMO Capital Markets upped their price target on shares of Accenture to $180.00 and gave the company a “market perform” rating in a report on Friday, September 28th. Credit Suisse Group set a $170.00 price target on shares of Accenture and gave the company a “hold” rating in a report on Friday, September 28th. Finally, Robert W. Baird upped their price target on shares of Accenture from $174.00 to $176.00 and gave the company a “neutral” rating in a report on Friday, September 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $176.37.

In other Accenture news, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $163.51, for a total transaction of $327,020.00. Following the transaction, the insider now directly owns 126,104 shares of the company’s stock, valued at approximately $20,619,265.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Pierre Nanterme sold 30,117 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $173.45, for a total transaction of $5,223,793.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,717 shares of company stock worth $13,041,890. Insiders own 0.21% of the company’s stock.

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Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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