Alerus Financial NA increased its holdings in Accenture plc (NYSE:ACN) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,396 shares of the information technology services provider’s stock after purchasing an additional 155 shares during the quarter. Accenture makes up approximately 1.0% of Alerus Financial NA’s holdings, making the stock its 19th largest holding. Alerus Financial NA’s holdings in Accenture were worth $9,550,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of ACN. BlackRock Inc. grew its stake in shares of Accenture by 4.5% in the first quarter. BlackRock Inc. now owns 48,229,508 shares of the information technology services provider’s stock worth $13,323,402,000 after purchasing an additional 2,060,453 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Accenture by 1,621.1% in the first quarter. D. E. Shaw & Co. Inc. now owns 608,206 shares of the information technology services provider’s stock worth $168,016,000 after purchasing an additional 572,868 shares during the last quarter. Pensioenfonds Rail & OV bought a new stake in shares of Accenture in the second quarter worth about $141,343,000. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Accenture in the second quarter worth about $115,630,000. Finally, Nuveen Asset Management LLC boosted its position in Accenture by 8.9% during the 1st quarter. Nuveen Asset Management LLC now owns 5,661,031 shares of the information technology services provider’s stock valued at $1,563,860,000 after acquiring an additional 462,911 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors.
Several analysts have weighed in on ACN shares. Robert W. Baird reaffirmed a “hold” rating on shares of Accenture in a research report on Sunday. Redburn Partners raised Accenture from a “neutral” rating to a “buy” rating and set a $318.65 price objective on the stock in a research report on Monday, July 26th. lifted their price objective on Accenture from $310.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, June 25th. Societe Generale lifted their price objective on Accenture from $313.00 to $329.00 and gave the company a “buy” rating in a research report on Tuesday, June 15th. Finally, Royal Bank of Canada lifted their price objective on Accenture from $301.00 to $322.00 and gave the company an “outperform” rating in a research report on Friday, June 25th. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $326.53.
Accenture (NYSE:ACN) last announced its earnings results 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. The business had revenue of $13.26 billion during the quarter, compared to analyst estimates of $12.81 billion. Accenture had a net margin of 12.06% and a return on equity of 28.94%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.90 EPS. On average, research analysts expect that Accenture plc will post 8.79 earnings per share for the current year.
The business 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. The ex-dividend date was Wednesday, July 14th. This represents a $3.52 dividend on an annualized basis and a yield of 1.06%. Accenture’s dividend payout ratio is presently 47.18%.
In other news, insider Jean-Marc Ollagnier sold 581 shares of the business’s stock in a transaction on Monday, June 28th. The shares were sold at an average price of $293.46, for a total transaction of $170,500.26. Following the completion of the sale, the insider now owns 172,422 shares of the company’s stock, valued at approximately $50,598,960.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Joel Unruch sold 3,394 shares of the business’s stock in a transaction 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 sale, the general counsel now directly owns 24,349 shares of the company’s stock, valued at approximately $7,144,970.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,993 shares of company stock valued at $6,194,020. Company insiders own 0.07% of the company’s stock.
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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