Decatur Capital Management Inc. Invests $6.04 Million in Accenture Plc (NYSE:ACN)

Decatur Capital Management Inc. purchased a new position in Accenture Plc (NYSE:ACN) in the 3rd quarter, HoldingsChannel reports. The fund purchased 31,383 shares of the information technology services provider’s stock, valued at approximately $6,037,000. Accenture accounts for about 1.5% of Decatur Capital Management Inc.’s holdings, making the stock its 23rd biggest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Trust Advisors LP raised its position in shares of Accenture by 1.8% in the 1st quarter. First Trust Advisors LP now owns 444,168 shares of the information technology services provider’s stock valued at $78,182,000 after buying an additional 7,893 shares in the last quarter. Ascent Wealth Partners LLC raised its position in shares of Accenture by 5.8% in the 1st quarter. Ascent Wealth Partners LLC now owns 34,216 shares of the information technology services provider’s stock valued at $6,023,000 after buying an additional 1,869 shares in the last quarter. Aspire Private Capital LLC raised its position in shares of Accenture by 4,072.7% in the 1st quarter. Aspire Private Capital LLC now owns 459 shares of the information technology services provider’s stock valued at $81,000 after buying an additional 448 shares in the last quarter. SSI Investment Management Inc. acquired a new position in shares of Accenture in the 1st quarter valued at approximately $229,000. Finally, Lazard Asset Management LLC raised its position in shares of Accenture by 23.0% in the 1st quarter. Lazard Asset Management LLC now owns 6,270,138 shares of the information technology services provider’s stock valued at $1,103,668,000 after buying an additional 1,173,313 shares in the last quarter. 69.84% of the stock is owned by hedge funds and other institutional investors.

In other Accenture news, insider Gianfranco Casati sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $194.00, for a total transaction of $970,000.00. Following the sale, the insider now directly owns 36,713 shares of the company’s stock, valued at approximately $7,122,322. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Rowland sold 2,330 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $187.78, for a total transaction of $437,527.40. Following the sale, the chief executive officer now directly owns 24,318 shares in the company, valued at $4,566,434.04. The disclosure for this sale can be found here. Insiders have sold a total of 17,513 shares of company stock worth $3,375,582 over the last three months. Insiders own 0.18% of the company’s stock.

ACN stock traded up $2.57 during trading on Friday, reaching $186.40. 1,351,157 shares of the company were exchanged, compared to its average volume of 2,155,421. The company has a 50-day moving average of $193.22 and a two-hundred day moving average of $186.03. The company has a market capitalization of $122.43 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 2.27 and a beta of 1.04. Accenture Plc has a twelve month low of $132.63 and a twelve month 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 for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.03. Accenture had a net margin of 11.06% and a return on equity of 34.30%. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.07 billion. During the same period in the previous year, the firm posted $1.58 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that Accenture Plc will post 7.78 earnings per share 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 issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, October 16th. Accenture’s payout ratio is 39.67%.

A number of equities analysts recently issued reports on ACN shares. Zacks Investment Research cut shares of Accenture from a “hold” rating to a “sell” rating and set a $214.00 price objective for the company. in a research report on Monday, September 9th. ValuEngine cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. KeyCorp set a $208.00 price objective on shares of Accenture and gave the stock a “buy” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. set a $216.00 price objective on shares of Accenture and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, BMO Capital Markets set a $200.00 price objective on shares of Accenture and gave the stock a “hold” rating in a research report on Friday, September 27th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $203.25.

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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