US Bancorp DE increased its holdings in Accenture plc (NYSE:ACN) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,209,539 shares of the information technology services provider’s stock after purchasing an additional 1,150 shares during the quarter. US Bancorp DE’s holdings in Accenture were worth $334,136,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Cowa LLC acquired a new position in Accenture in the fourth quarter valued at $31,000. Key Financial Inc acquired a new position in Accenture in the fourth quarter valued at $36,000. Capstone Triton Financial Group LLC acquired a new position in Accenture in the fourth quarter valued at $38,000. Freedman Financial Associates Inc. acquired a new position in shares of Accenture during the fourth quarter valued at about $38,000. Finally, MD Financial Management Inc. acquired a new position in shares of Accenture during the fourth quarter valued at about $44,000. 70.99% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on ACN. Susquehanna upped their price objective on shares of Accenture from $290.00 to $325.00 and gave the company a “positive” rating in a report on Thursday, March 25th. Barclays upped their price objective on shares of Accenture from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, March 22nd. Bank of America upgraded shares of Accenture from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a report on Wednesday, March 24th. Morgan Stanley upped their target price on shares of Accenture from $297.00 to $305.00 and gave the stock an “overweight” rating in a report on Tuesday, March 23rd. Finally, Robert W. Baird restated a “hold” rating on shares of Accenture in a report on Sunday, April 11th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $276.05.

In other Accenture news, insider Ellyn Shook sold 2,600 shares of the firm’s stock in a transaction on Monday, April 26th. The shares were sold at an average price of $290.21, for a total value of $754,546.00. Following the sale, the insider now owns 20,589 shares of the company’s stock, valued at approximately $5,975,133.69. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman David Rowland sold 7,966 shares of the firm’s stock in a transaction on Wednesday, February 3rd. The stock was sold at an average price of $248.51, for a total transaction of $1,979,630.66. Insiders have sold a total of 47,598 shares of company stock worth $12,957,921 over the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

Shares of Accenture stock traded down $1.27 on Tuesday, reaching $290.90. 11,489 shares of the company traded hands, compared to its average volume of 2,047,157. Accenture plc has a 52 week low of $174.94 and a 52 week high of $293.42. The company has a 50 day moving average of $280.69 and a 200 day moving average of $256.71. The firm has a market capitalization of $185.06 billion, a PE ratio of 35.98, a PEG ratio of 3.09 and a beta of 1.08.

Accenture (NYSE:ACN) last released its earnings results on Wednesday, March 17th. The information technology services provider reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.13. Accenture had a net margin of 11.74% and a return on equity of 29.32%. The firm had revenue of $12.09 billion during the quarter, compared to the consensus estimate of $11.83 billion. During the same period in the prior year, the firm earned $1.91 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts predict that Accenture plc will post 8.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Thursday, April 15th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, April 14th. Accenture’s payout ratio is currently 47.18%.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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