Jensen Investment Management Inc. Reduces Holdings in Accenture PLC (ACN)

Jensen Investment Management Inc. lessened its stake in shares of Accenture PLC (NYSE:ACN) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,248,602 shares of the information technology services provider’s stock after selling 14,180 shares during the period. Accenture PLC accounts for approximately 4.1% of Jensen Investment Management Inc.’s holdings, making the stock its 12th biggest position. Jensen Investment Management Inc. owned 0.36% of Accenture PLC worth $303,719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ariel Investments LLC boosted its stake in shares of Accenture PLC by 218.2% during the first quarter. Ariel Investments LLC now owns 30,467 shares of the information technology services provider’s stock valued at $3,652,000 after purchasing an additional 20,891 shares in the last quarter. AXA boosted its position in Accenture PLC by 1.2% during the first quarter. AXA now owns 427,667 shares of the information technology services provider’s stock worth $51,268,000 after acquiring an additional 5,226 shares during the last quarter. MAI Capital Management boosted its position in Accenture PLC by 11.1% during the first quarter. MAI Capital Management now owns 14,654 shares of the information technology services provider’s stock worth $1,757,000 after acquiring an additional 1,464 shares during the last quarter. Oarsman Capital Inc. boosted its position in Accenture PLC by 10.3% during the first quarter. Oarsman Capital Inc. now owns 6,801 shares of the information technology services provider’s stock worth $815,000 after acquiring an additional 635 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in Accenture PLC during the first quarter worth about $1,322,000. 77.73% of the stock is owned by institutional investors and hedge funds.

Shares of Accenture PLC (NYSE ACN) opened at $144.96 on Wednesday. The stock has a market capitalization of $94,981.16, a PE 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 $112.31 and a twelve month high of $145.50.

Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 EPS. equities research analysts forecast that Accenture PLC will post 6.54 earnings per share for the current year.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be given a dividend of $1.33 per share. The ex-dividend date is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s payout ratio is currently 48.90%.

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Several equities analysts have weighed in on the stock. reiterated a “buy” rating and issued a $150.00 target price on shares of Accenture PLC in a report on Friday, November 3rd. began coverage on shares of Accenture PLC in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and set a $149.00 target price on shares of Accenture PLC in a research note on Sunday, October 29th. set a $150.00 target price on shares of Accenture PLC and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $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 $142.72, for a total transaction of $2,908,633.60. Following the completion of the transaction, the insider now directly owns 51,014 shares in the company, valued at $7,280,718.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Rowland sold 3,702 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the transaction, the chief financial officer now owns 9,864 shares of the company’s stock, valued at $1,332,034.56. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock valued at $11,479,125 in the last ninety days. Company insiders own 0.21% of the company’s stock.

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.

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

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