St. Johns Investment Management Company LLC Acquires 74 Shares of Accenture Plc (NYSE:ACN)

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St. Johns Investment Management Company LLC increased its holdings in Accenture Plc (NYSE:ACN) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,177 shares of the information technology services provider’s stock after purchasing an additional 74 shares during the quarter. Accenture makes up approximately 1.2% of St. Johns Investment Management Company LLC’s holdings, making the stock its 23rd largest holding. St. Johns Investment Management Company LLC’s holdings in Accenture were worth $1,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ACN. Highland Private Wealth Management boosted its position in shares of Accenture by 4.8% in the 2nd quarter. Highland Private Wealth Management now owns 1,446 shares of the information technology services provider’s stock worth $268,000 after purchasing an additional 66 shares in the last quarter. Brandywine Oak Private Wealth LLC bought a new stake in shares of Accenture in the 2nd quarter worth approximately $207,000. Private Trust Co. NA boosted its position in shares of Accenture by 1.6% in the 2nd quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock worth $672,000 after purchasing an additional 57 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Accenture by 17.3% in the 2nd quarter. GSA Capital Partners LLP now owns 4,689 shares of the information technology services provider’s stock worth $866,000 after purchasing an additional 690 shares in the last quarter. Finally, YHB Investment Advisors Inc. bought a new stake in shares of Accenture in the 2nd quarter worth approximately $204,000. 69.82% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on the stock. Redburn Partners assumed coverage on shares of Accenture in a report on Monday, September 23rd. They issued a “buy” rating and a $227.00 price objective for the company. Cantor Fitzgerald set a $215.00 price objective on shares of Accenture and gave the stock a “buy” rating in a report on Friday, September 27th. BMO Capital Markets set a $200.00 price objective on shares of Accenture and gave the stock a “hold” rating in a report on Friday, September 27th. They noted that the move was a valuation call. Stifel Nicolaus set a $203.00 price objective on shares of Accenture and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Zacks Investment Research lowered shares of Accenture from a “hold” rating to a “sell” rating and set a $214.00 price objective for the company. in a report on Monday, September 9th. One equities research 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’s stock. The stock has a consensus rating of “Buy” and an average price target of $203.25.

ACN traded up $0.26 during mid-day trading on Monday, reaching $187.34. 1,346,823 shares of the company traded hands, compared to its average volume of 1,904,692. The stock has a market capitalization of $125.01 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.31 and a beta of 1.04. The company’s fifty day moving average price is $191.11 and its 200-day moving average price is $186.86. Accenture Plc has a 52-week low of $132.63 and a 52-week high of $202.80.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 26th. The information technology services provider reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.03. The business had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.07 billion. Accenture had a net margin of 11.06% and a return on equity of 34.30%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. On average, research analysts forecast that Accenture Plc will post 7.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $3.20 annualized dividend and a dividend yield of 1.71%. Accenture’s dividend payout ratio (DPR) is 43.48%.

In related news, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $196.95, for a total value of $393,900.00. Following the completion of the transaction, the insider now owns 73,548 shares of the company’s stock, valued at approximately $14,485,278.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Rowland sold 2,330 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 24,318 shares of the company’s stock, valued at approximately $4,566,434.04. The disclosure for this sale can be found here. Insiders sold a total of 6,613 shares of company stock valued at $1,260,700 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

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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