Accenture Plc (NYSE:ACN) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC lowered its position in shares of Accenture Plc (NYSE:ACN) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,947 shares of the information technology services provider’s stock after selling 231 shares during the quarter. Intellectus Partners LLC’s holdings in Accenture were worth $951,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Lenox Wealth Advisors LLC grew its position in shares of Accenture by 297.1% in the second quarter. Lenox Wealth Advisors LLC now owns 135 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 101 shares in the last quarter. Next Capital Management LLC purchased a new stake in shares of Accenture in the second quarter valued at approximately $34,000. Weaver Consulting Group purchased a new stake in shares of Accenture in the first quarter valued at approximately $39,000. Cerebellum GP LLC purchased a new stake in shares of Accenture in the second quarter valued at approximately $40,000. Finally, Lipe & Dalton purchased a new stake in shares of Accenture in the second quarter valued at approximately $42,000. 69.84% of the stock is owned by institutional investors and hedge funds.

In related news, COO Johan Deblaere sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $194.02, for a total value of $582,060.00. Following the completion of the transaction, the chief operating officer now directly owns 68,204 shares in the company, valued at $13,232,940.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Rowland sold 2,255 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $194.03, for a total value of $437,537.65. Following the completion of the transaction, the chief executive officer now owns 25,078 shares of the company’s stock, valued at $4,865,884.34. The disclosure for this sale can be found here. Insiders sold 17,513 shares of company stock valued at $3,375,582 over the last quarter. 0.18% of the stock is currently owned by company insiders.



A number of equities research analysts have recently issued reports on the company. Barclays assumed coverage on Accenture in a research report on Friday, September 20th. They issued an “overweight” rating and a $228.00 price target for the company. KeyCorp set a $208.00 price target on Accenture and gave the company a “buy” rating in a research report on Thursday, September 26th. Bank of America upped their price target on Accenture from $182.00 to $186.00 and gave the company a “neutral” rating in a research report on Thursday, June 20th. Redburn Partners assumed coverage on Accenture in a research report on Monday, September 23rd. They issued a “buy” rating and a $227.00 price target for the company. Finally, UBS Group set a $190.00 price target on Accenture and gave the company a “hold” rating in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Accenture currently has a consensus rating of “Buy” and a consensus target price of $203.25.

Accenture stock traded up $2.91 during mid-day trading on Friday, hitting $186.74. The company’s stock had a trading volume of 731,032 shares, compared to its average volume of 2,155,421. The firm has a market capitalization of $122.43 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. Accenture Plc has a 1 year low of $132.63 and a 1 year high of $202.80. The stock’s fifty day moving average is $193.22 and its two-hundred day moving average is $186.03.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 26th. The information technology services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.03. The company had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.07 billion. Accenture had a return on equity of 34.30% and a net margin of 11.06%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 earnings per share. As a group, analysts predict that Accenture Plc will post 7.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 17th will be given a $0.80 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $3.20 annualized dividend and a yield of 1.71%. Accenture’s payout ratio is 39.67%.

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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