Accenture plc (NYSE:ACN) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC raised its position in Accenture plc (NYSE:ACN) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,300 shares of the information technology services provider’s stock after acquiring an additional 200 shares during the quarter. Brighton Jones LLC’s holdings in Accenture were worth $4,510,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ACN. OLD Mission Capital LLC acquired a new stake in Accenture in the third quarter valued at approximately $223,000. Victory Capital Management Inc. grew its position in Accenture by 0.9% in the first quarter. Victory Capital Management Inc. now owns 143,356 shares of the information technology services provider’s stock valued at $39,602,000 after acquiring an additional 1,235 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in Accenture in the first quarter valued at approximately $48,000. Cullen Frost Bankers Inc. grew its position in Accenture by 24.1% in the first quarter. Cullen Frost Bankers Inc. now owns 12,710 shares of the information technology services provider’s stock valued at $3,511,000 after acquiring an additional 2,469 shares in the last quarter. Finally, Endurance Wealth Management Inc. grew its position in Accenture by 88.7% in the first quarter. Endurance Wealth Management Inc. now owns 266 shares of the information technology services provider’s stock valued at $73,000 after acquiring an additional 125 shares in the last quarter. 73.20% of the stock is owned by institutional investors.

In related news, insider Jean-Marc Ollagnier sold 5,233 shares of Accenture stock in a transaction dated Friday, July 16th. The stock was sold at an average price of $314.20, for a total value of $1,644,208.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ellyn Shook sold 2,600 shares of Accenture stock in a transaction dated Friday, July 23rd. The stock was sold at an average price of $317.47, for a total value of $825,422.00. Following the completion of the transaction, the insider now directly owns 19,420 shares in the company, valued at approximately $6,165,267.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,993 shares of company stock worth $6,194,020. 0.07% of the stock is owned by corporate insiders.

ACN has been the subject of a number of recent analyst reports. Argus raised their price target on shares of Accenture from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, June 29th. BNP Paribas raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $335.00 price target for the company in a research report on Wednesday, June 23rd. Susquehanna Bancshares raised their price target on shares of Accenture from $325.00 to $340.00 and gave the stock a “positive” rating in a research report on Friday, June 25th. Jefferies Financial Group initiated coverage on shares of Accenture in a research report on Monday, June 21st. They set a “hold” rating and a $309.00 price target for the company. Finally, Cowen raised their price target on shares of Accenture from $316.00 to $365.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 8th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $322.99.

Shares of NYSE ACN traded up $2.15 during midday trading on Wednesday, reaching $342.87. 17,749 shares of the company traded hands, compared to its average volume of 1,911,498. Accenture plc has a 52 week low of $210.42 and a 52 week high of $345.52. The stock has a 50-day moving average price of $324.95 and a 200 day moving average price of $296.70. The company has a market cap of $217.60 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 3.48 and a beta of 1.11.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Wednesday, June 23rd. The information technology services provider reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.16. Accenture had a net margin of 12.06% and a return on equity of 28.94%. The business had revenue of $13.26 billion for the quarter, compared to analysts’ expectations of $12.81 billion. During the same period in the previous year, the business earned $1.90 earnings per share. The company’s revenue was up 20.7% on a year-over-year basis. As a group, equities analysts anticipate that Accenture plc will post 8.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 13th. Investors of record on Thursday, July 15th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, July 14th. Accenture’s payout ratio is currently 47.18%.

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.

See Also: Golden Cross

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture plc (NYSE:ACN).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.