Moors & Cabot Inc. Grows Position in Accenture Plc (ACN)

Moors & Cabot Inc. increased its position in shares of Accenture Plc (NYSE:ACN) by 2.2% in the 1st quarter, Holdings Channel reports. The firm owned 10,986 shares of the information technology services provider’s stock after purchasing an additional 236 shares during the quarter. Moors & Cabot Inc.’s holdings in Accenture were worth $1,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ACN. Vanguard Group Inc grew its holdings in Accenture by 1.5% during the third quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock valued at $9,064,818,000 after purchasing an additional 770,904 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Accenture during the fourth quarter valued at approximately $214,000. BKD Wealth Advisors LLC grew its holdings in Accenture by 0.7% during the fourth quarter. BKD Wealth Advisors LLC now owns 23,865 shares of the information technology services provider’s stock valued at $3,365,000 after purchasing an additional 164 shares during the last quarter. Oakbrook Investments LLC grew its holdings in Accenture by 9.0% during the fourth quarter. Oakbrook Investments LLC now owns 4,251 shares of the information technology services provider’s stock valued at $599,000 after purchasing an additional 350 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Accenture by 6.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,042 shares of the information technology services provider’s stock valued at $271,000 after purchasing an additional 124 shares during the last quarter. 69.98% of the stock is owned by institutional investors and hedge funds.

In other Accenture news, insider Richard Lumb sold 18,000 shares of Accenture stock in a transaction on Friday, May 10th. The stock was sold at an average price of $172.82, for a total transaction of $3,110,760.00. Following the completion of the transaction, the insider now directly owns 90,536 shares of the company’s stock, valued at $15,646,431.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Johan Deblaere sold 3,000 shares of Accenture stock in a transaction on Monday, April 1st. The shares were sold at an average price of $175.80, for a total value of $527,400.00. Following the transaction, the chief operating officer now directly owns 74,937 shares of the company’s stock, valued at $13,173,924.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,919 shares of company stock valued at $11,695,852. 0.18% of the stock is owned by company insiders.

ACN has been the topic of several analyst reports. Berenberg Bank reiterated a “buy” rating and set a $190.00 price target on shares of Accenture in a report on Monday, April 1st. ValuEngine upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Citigroup raised their price objective on shares of Accenture from $169.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday, March 29th. UBS Group set a $180.00 price objective on shares of Accenture and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, SunTrust Banks raised their price objective on shares of Accenture to $180.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $183.58.

Shares of Accenture stock opened at $178.33 on Monday. The firm has a market capitalization of $119.83 billion, a PE ratio of 26.46, a P/E/G ratio of 2.36 and a beta of 1.12. Accenture Plc has a 1 year low of $132.63 and a 1 year high of $183.35.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, March 28th. The information technology services provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.57 by $0.16. The firm had revenue of $10.45 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Accenture had a return on equity of 38.57% and a net margin of 10.52%. Accenture’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.58 earnings per share. Research analysts expect that Accenture Plc will post 7.31 EPS for the current year.

The company also recently announced a semiannual dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were given a $1.46 dividend. The ex-dividend date was Wednesday, April 10th. This represents a yield of 1.66%. Accenture’s dividend payout ratio (DPR) is currently 43.32%.

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Accenture Company Profile

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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