Nicolet Bankshares Inc. boosted its position in Accenture plc (NYSE:ACN) by 8.3% during the second quarter, Holdings Channel reports. The fund owned 2,539 shares of the information technology services provider’s stock after acquiring an additional 194 shares during the period. Nicolet Bankshares Inc.’s holdings in Accenture were worth $749,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACN. Moisand Fitzgerald Tamayo LLC bought a new position in Accenture in the second quarter valued at $25,000. Solstein Capital LLC bought a new position in Accenture in the first quarter valued at $29,000. Hanson & Doremus Investment Management increased its stake in Accenture by 750.0% in the second quarter. Hanson & Doremus Investment Management now owns 136 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 120 shares during the last quarter. Trustcore Financial Services LLC increased its stake in Accenture by 456.0% in the second quarter. Trustcore Financial Services LLC now owns 139 shares of the information technology services provider’s stock valued at $41,000 after acquiring an additional 114 shares during the last quarter. Finally, Summit Wealth Group LLC bought a new position in Accenture in the first quarter valued at $43,000. 73.20% of the stock is currently owned by institutional investors and hedge funds.
ACN has been the subject of several analyst reports. Susquehanna upped their price target on shares of Accenture from $325.00 to $340.00 and gave the company a “positive” rating in a research report on Friday, June 25th. JPMorgan Chase & Co. upped their price target on shares of Accenture from $308.00 to $364.00 and gave the company an “overweight” rating in a research report on Tuesday, August 17th. BMO Capital Markets upped their price target on shares of Accenture from $302.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, June 25th. Barclays upped their price target on shares of Accenture from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Monday, June 28th. Finally, Stifel Nicolaus upped their price target on shares of Accenture from $305.00 to $342.00 and gave the company a “buy” rating in a research report on Thursday, June 24th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Accenture has a consensus rating of “Buy” and an average price target of $326.53.
Accenture (NYSE:ACN) last released its quarterly earnings results on Wednesday, June 23rd. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.16. Accenture had a net margin of 12.06% and a return on equity of 28.94%. The company had revenue of $13.26 billion during the quarter, compared to the consensus estimate of $12.81 billion. During the same period in the prior year, the firm earned $1.90 earnings per share. Accenture’s revenue was up 20.7% on a year-over-year basis. Analysts forecast that Accenture plc will post 8.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 13th. Shareholders of record on Thursday, July 15th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Wednesday, July 14th. Accenture’s dividend payout ratio is 47.18%.
In other Accenture news, General Counsel Joel Unruch sold 3,394 shares of the firm’s stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of $293.44, for a total transaction of $995,935.36. Following the completion of the transaction, the general counsel now owns 24,349 shares of the company’s stock, valued at $7,144,970.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jean-Marc Ollagnier sold 5,233 shares of the firm’s stock in a transaction that occurred on Friday, July 16th. The shares were sold at an average price of $314.20, for a total transaction of $1,644,208.60. The disclosure for this sale can be found here. Insiders have sold 19,993 shares of company stock valued at $6,194,020 in the last ninety days. Insiders own 0.07% of the company’s stock.
Accenture Company Profile
Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following segments: Communications, Media, and Technology; Financial Services; Health and Public Service; Products; Resources; and Other. The Communications, Media, and Technology segment serves communications, media, high-tech, and software and platform companies through acceleration and delivery of digital transformation, development of comprehensive and industry-specific solutions, and enhance efficiency and business results.
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