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.
Several other institutional investors have also recently made changes to their positions in the business. Lenox Wealth Advisors LLC lifted its stake in Accenture by 297.1% during the second quarter. Lenox Wealth Advisors LLC now owns 135 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. Next Capital Management LLC bought a new position in shares of Accenture during the second quarter valued at approximately $34,000. Weaver Consulting Group bought a new position in shares of Accenture during the first quarter valued at approximately $39,000. Cerebellum GP LLC bought a new position in shares of Accenture during the second quarter valued at approximately $40,000. Finally, Lipe & Dalton bought a new position in shares of Accenture during the second quarter valued at approximately $42,000. 69.84% of the stock is owned by institutional investors and hedge funds.
ACN stock traded up $2.91 during trading on Friday, reaching $186.74. The stock had a trading volume of 731,032 shares, compared to its average volume of 2,155,421. Accenture Plc has a 52 week low of $132.63 and a 52 week high of $202.80. The stock’s 50 day moving average is $193.22 and its two-hundred day moving average is $186.03. The firm has a market cap of $122.43 billion, a PE ratio of 25.37, a PEG ratio of 2.27 and a beta of 1.04.
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. This represents a $3.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, October 16th. Accenture’s dividend payout ratio (DPR) is currently 39.67%.
In related news, COO Johan Deblaere sold 3,000 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $194.02, for a total transaction of $582,060.00. Following the completion of the sale, the chief operating officer now owns 68,204 shares in the company, valued at $13,232,940.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $194.00, for a total value of $970,000.00. Following the sale, the insider now owns 36,713 shares of the company’s stock, valued at approximately $7,122,322. The disclosure for this sale can be found here. Insiders sold 17,513 shares of company stock worth $3,375,582 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.
A number of equities analysts recently commented on the company. ValuEngine downgraded Accenture from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays assumed coverage on Accenture in a report on Friday, September 20th. They set an “overweight” rating and a $228.00 target price for the company. Cowen restated an “outperform” rating and set a $205.00 target price (up previously from $195.00) on shares of Accenture in a report on Monday, September 30th. Citigroup upped their target price on Accenture from $194.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Finally, Bank of America upped their target price on Accenture from $182.00 to $186.00 and gave the company a “neutral” rating in a report on Thursday, June 20th. 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 stock. The stock has a consensus rating of “Buy” and a consensus price target of $203.25.
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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