Bbva Compass Bancshares Inc. lifted its holdings in shares of Accenture Plc (NYSE:ACN) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 38,389 shares of the information technology services provider’s stock after purchasing an additional 342 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Accenture were worth $6,757,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. grew its holdings in shares of Accenture by 70.2% during the 4th quarter. Valley National Advisers Inc. now owns 177 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Accenture during the 1st quarter valued at $27,000. Focused Wealth Management Inc grew its holdings in shares of Accenture by 100.0% during the 4th quarter. Focused Wealth Management Inc now owns 200 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Financial Gravity Wealth Inc. bought a new position in shares of Accenture during the 1st quarter valued at $30,000. Finally, Quantamental Technologies LLC bought a new position in shares of Accenture during the 4th quarter valued at $42,000. 69.98% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on ACN shares. Bank of America lowered shares of Accenture from a “buy” rating to a “neutral” rating in a report on Friday, May 3rd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Cantor Fitzgerald increased their target price on shares of Accenture from $185.00 to $199.00 and gave the company an “overweight” rating in a report on Friday, March 29th. Citigroup increased their target price on shares of Accenture from $169.00 to $194.00 and gave the company a “buy” rating in a report on Friday, March 29th. Finally, BMO Capital Markets increased their target price on shares of Accenture to $185.00 and gave the company a “market perform” rating in a report on Friday, March 29th. Two equities 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 a consensus rating of “Buy” and an average price target of $183.58.
Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.16. The business had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.30 billion. Accenture had a net margin of 10.52% and a return on equity of 38.57%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS. On average, equities analysts expect that Accenture Plc will post 7.31 earnings per share for the current year.
The company also recently declared a semiannual dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were issued a $1.46 dividend. This represents a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 43.32%.
In other news, insider Richard Lumb sold 18,000 shares of Accenture stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $172.82, for a total transaction of $3,110,760.00. Following the sale, the insider now owns 90,536 shares of the company’s stock, valued at approximately $15,646,431.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Chad T. Jerdee sold 2,441 shares of Accenture stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $177.77, for a total transaction of $433,936.57. Following the sale, the general counsel now directly owns 13,381 shares in the company, valued at approximately $2,378,740.37. The disclosure for this sale can be found here. In the last three months, insiders sold 65,919 shares of company stock worth $11,695,852. Insiders own 0.18% of the company’s stock.
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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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