Alps Advisors Inc. lowered its holdings in Accenture Plc (NYSE:ACN) by 32.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,924 shares of the information technology services provider’s stock after selling 3,365 shares during the period. Alps Advisors Inc.’s holdings in Accenture were worth $1,332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lenox Wealth Advisors LLC grew its stake in shares of Accenture by 297.1% in the 2nd quarter. Lenox Wealth Advisors LLC now owns 135 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 101 shares during the last quarter. Next Capital Management LLC acquired a new position in shares of Accenture in the second quarter worth about $34,000. Cerebellum GP LLC acquired a new position in shares of Accenture in the second quarter worth about $40,000. Lipe & Dalton acquired a new position in shares of Accenture in the second quarter worth about $42,000. Finally, Ibex Wealth Advisors acquired a new position in shares of Accenture in the second quarter worth about $44,000. 69.98% of the stock is currently owned by institutional investors.

ACN stock opened at $189.70 on Monday. The stock has a market cap of $125.58 billion, a P/E ratio of 25.77, a P/E/G ratio of 2.32 and a beta of 1.03. The firm has a 50 day simple moving average of $187.48 and a 200 day simple moving average of $187.54. Accenture Plc has a 52 week low of $132.63 and a 52 week high of $202.80.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 26th. The information technology services provider reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.03. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.07 billion. Accenture had a net margin of 11.06% and a return on equity of 34.30%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 earnings per share. On average, analysts predict that Accenture Plc will post 7.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, October 16th. Accenture’s dividend payout ratio (DPR) is presently 43.48%.

Several brokerages have commented on ACN. Robert W. Baird decreased their target price on shares of Accenture from $212.00 to $208.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Argus raised their target price on shares of Accenture to $220.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Zacks Investment Research cut shares of Accenture from a “hold” rating to a “sell” rating and set a $214.00 target price for the company. in a report on Monday, September 9th. JPMorgan Chase & Co. set a $216.00 target price on shares of Accenture and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Barclays began coverage on shares of Accenture in a report on Friday, September 20th. They issued an “overweight” rating and a $228.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $203.25.

In other Accenture news, CEO Julie Spellman Sweet sold 12,961 shares of Accenture stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $185.69, for a total value of $2,406,728.09. Following the completion of the sale, the chief executive officer now directly owns 22,702 shares in the company, valued at $4,215,534.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ellyn Shook sold 4,688 shares of Accenture stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $183.65, for a total transaction of $860,951.20. Following the completion of the sale, the insider now owns 27,271 shares of the company’s stock, valued at $5,008,319.15. The disclosure for this sale can be found here. Insiders sold 37,014 shares of company stock valued at $6,859,750 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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