Standard Life Investments LTD Has $25.50 Million Holdings in Accenture PLC (ACN)

Standard Life Investments LTD grew its position in shares of Accenture PLC (NYSE:ACN) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,147 shares of the information technology services provider’s stock after acquiring an additional 102 shares during the quarter. Standard Life Investments LTD’s holdings in Accenture PLC were worth $25,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norinchukin Bank The boosted its holdings in Accenture PLC by 2.7% during the 2nd quarter. Norinchukin Bank The now owns 99,933 shares of the information technology services provider’s stock worth $12,360,000 after acquiring an additional 2,581 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Accenture PLC by 10.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,118,624 shares of the information technology services provider’s stock worth $138,358,000 after acquiring an additional 109,258 shares during the last quarter. Chemical Bank boosted its holdings in Accenture PLC by 1.4% during the 2nd quarter. Chemical Bank now owns 34,902 shares of the information technology services provider’s stock worth $4,317,000 after acquiring an additional 486 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in Accenture PLC by 1.4% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after acquiring an additional 24 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Accenture PLC by 5.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,114,235 shares of the information technology services provider’s stock worth $137,809,000 after acquiring an additional 55,647 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, insider Julie Spellman Sweet sold 1,974 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $128.68, for a total transaction of $254,014.32. Following the transaction, the insider now owns 14,082 shares of the company’s stock, valued at approximately $1,812,071.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel T. London sold 637 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,310 shares of company stock worth $8,854,197. Corporate insiders own 0.21% of the company’s stock.

Accenture PLC (NYSE ACN) opened at 136.91 on Thursday. The firm’s 50-day moving average is $134.29 and its 200-day moving average is $126.43. The company has a market capitalization of $84.54 billion, a PE ratio of 25.16 and a beta of 1.08. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $138.70.

Accenture PLC (NYSE:ACN) last released 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 Zacks’ consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the previous year, the company posted $1.31 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Accenture PLC will post $6.56 EPS for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be given a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio is currently 44.49%.

A number of equities analysts have issued reports on ACN shares. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Monday, August 28th. Stifel Nicolaus boosted their price target on shares of Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Cowen and Company boosted their price target on shares of Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. BMO Capital Markets reissued a “hold” rating and issued a $130.00 price target (up from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Finally, Morgan Stanley set a $132.00 price target on shares of Accenture PLC and gave the stock a “hold” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Accenture PLC currently has an average rating of “Buy” and an average target price of $141.84.

About Accenture PLC

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.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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