North Point Portfolio Managers Corp OH trimmed its stake in Accenture PLC (NYSE:ACN) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,360 shares of the company’s stock after selling 1,900 shares during the period. Accenture PLC makes up approximately 3.5% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 2nd biggest holding. North Point Portfolio Managers Corp OH’s holdings in Accenture PLC were worth $20,714,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. TCI Wealth Advisors Inc. boosted its stake in Accenture PLC by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the company’s stock worth $106,000 after buying an additional 162 shares in the last quarter. Bellwether Investment Group LLC boosted its stake in Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the company’s stock worth $110,000 after buying an additional 359 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Accenture PLC by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the company’s stock worth $114,000 after buying an additional 60 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Accenture PLC in the first quarter worth approximately $122,000. Finally, Parkside Financial Bank & Trust boosted its stake in Accenture PLC by 5.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the company’s stock worth $127,000 after buying an additional 52 shares in the last quarter. Institutional investors own 77.47% of the company’s stock.
Several analysts have issued reports on the company. Pivotal Research assumed coverage on Accenture PLC in a research note on Wednesday. They issued a “buy” rating and a $165.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 target price on shares of Accenture PLC in a research note on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating and issued a $149.00 target price on shares of Accenture PLC in a research note on Sunday, October 29th. Cowen and Company set a $150.00 target price on Accenture PLC and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $144.00 target price on shares of Accenture PLC in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$142.89.
In other Accenture PLC news, insider Gianfranco Casati sold 20,380 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of C$142.72, for a total value of C$2,908,633.60. Following the completion of the transaction, the insider now owns 51,014 shares in the company, valued at C$7,280,718.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of C$135.06, for a total value of C$297,132.00. Following the completion of the transaction, the insider now owns 118,085 shares of the company’s stock, valued at approximately C$15,948,560.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is owned by corporate insiders.
Accenture PLC (ACN) opened at C$143.89 on Friday. The stock has a market capitalization of $88,451.77, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. Accenture PLC has a twelve month low of C$112.31 and a twelve month high of C$145.00.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 28th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.47 by C$0.01. The business had revenue of C$9.15 billion during the quarter, compared to the consensus estimate of C$9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.31 earnings per share. equities analysts expect that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be issued a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is 48.90%.
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Accenture PLC 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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