Claraphi Advisory Network LLC Buys New Holdings in Accenture Plc (ACN)

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Claraphi Advisory Network LLC bought a new position in shares of Accenture Plc (NYSE:ACN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,796 shares of the information technology services provider’s stock, valued at approximately $306,000.

Other large investors have also recently made changes to their positions in the company. Commonwealth Bank of Australia raised its holdings in Accenture by 4.7% during the second quarter. Commonwealth Bank of Australia now owns 52,871 shares of the information technology services provider’s stock worth $8,644,000 after purchasing an additional 2,364 shares in the last quarter. Zurich Insurance Group Ltd FI raised its holdings in Accenture by 17.0% during the second quarter. Zurich Insurance Group Ltd FI now owns 134,458 shares of the information technology services provider’s stock worth $21,996,000 after purchasing an additional 19,496 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Accenture by 13.6% during the second quarter. Janus Henderson Group PLC now owns 3,887,804 shares of the information technology services provider’s stock worth $636,010,000 after purchasing an additional 466,745 shares in the last quarter. Hexavest Inc. bought a new stake in Accenture during the third quarter worth approximately $60,851,000. Finally, HM Payson & Co. raised its holdings in Accenture by 2.5% during the second quarter. HM Payson & Co. now owns 235,334 shares of the information technology services provider’s stock worth $38,498,000 after purchasing an additional 5,679 shares in the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

NYSE ACN opened at $162.77 on Tuesday. Accenture Plc has a twelve month low of $144.88 and a twelve month high of $175.64. The company has a market cap of $109.60 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.22 and a beta of 1.01.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.02. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same period in the previous year, the company posted $1.48 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Accenture Plc will post 7.21 earnings per share for the current year.

The company also recently disclosed a semiannual dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, October 18th were given a dividend of $1.46 per share. This represents a yield of 1.68%. This is a boost from Accenture’s previous semiannual dividend of $1.21. The ex-dividend date was Wednesday, October 17th. Accenture’s payout ratio is presently 43.32%.

In other news, insider Jean-Marc Ollagnier sold 1,340 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $173.37, for a total transaction of $232,315.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Pierre Nanterme sold 30,117 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $173.45, for a total transaction of $5,223,793.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,717 shares of company stock worth $13,041,890. Corporate insiders own 0.21% of the company’s stock.

Several research firms have issued reports on ACN. Bank of America lifted their price target on shares of Accenture from $174.00 to $175.00 and gave the stock a “neutral” rating in a research report on Monday, September 24th. Credit Suisse Group set a $170.00 price target on shares of Accenture and gave the stock a “hold” rating in a research report on Friday, September 28th. Argus lifted their price target on shares of Accenture to $200.00 and gave the stock a “positive” rating in a research report on Friday, September 28th. They noted that the move was a valuation call. Berenberg Bank upgraded shares of Accenture to a “buy” rating and set a $190.00 price target on the stock in a research report on Thursday, September 27th. Finally, SunTrust Banks lifted their price target on shares of Accenture to $178.00 and gave the stock a “hold” rating in a research report on Monday, October 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $177.02.

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Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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