Bridges Investment Management Inc. grew its stake in Accenture Plc (NYSE:ACN) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,065 shares of the information technology services provider’s stock after buying an additional 479 shares during the quarter. Bridges Investment Management Inc.’s holdings in Accenture were worth $7,228,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of ACN. Valley National Advisers Inc. lifted its holdings in shares of Accenture by 70.2% in the 4th quarter. Valley National Advisers Inc. now owns 177 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 73 shares during the period. Truvestments Capital LLC acquired a new position in shares of Accenture in the 1st quarter valued at about $27,000. Focused Wealth Management Inc lifted its holdings in shares of Accenture by 100.0% in the 4th quarter. Focused Wealth Management Inc now owns 200 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 100 shares during the period. Financial Gravity Wealth Inc. acquired a new position in shares of Accenture in the 1st quarter valued at about $30,000. Finally, Quantamental Technologies LLC purchased a new position in shares of Accenture in the 4th quarter valued at about $42,000. 70.21% of the stock is owned by institutional investors and hedge funds.
In other Accenture news, COO Johan Deblaere sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $175.80, for a total transaction of $527,400.00. Following the completion of the sale, the chief operating officer now directly owns 74,937 shares in the company, valued at approximately $13,173,924.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Richard Lumb sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $181.19, for a total value of $3,261,420.00. Following the sale, the insider now owns 95,215 shares of the company’s stock, valued at $17,252,005.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,919 shares of company stock valued at $8,896,852. 0.18% of the stock is owned by company insiders.
NYSE:ACN opened at $174.46 on Friday. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $183.35. The company has a market cap of $118.44 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 2.34 and a beta of 1.12.
Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.16. Accenture had a return on equity of 38.57% and a net margin of 10.52%. The company had revenue of $10.45 billion during the quarter, compared to analyst estimates of $10.30 billion. During the same period in the previous year, the business earned $1.58 EPS. Accenture’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Accenture Plc will post 7.31 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a dividend of $1.46 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a yield of 1.66%. Accenture’s dividend payout ratio (DPR) is currently 43.32%.
Several equities analysts recently weighed in on the company. William Blair restated an “outperform” rating on shares of Accenture in a research note on Friday, March 29th. Berenberg Bank restated a “buy” rating and issued a $190.00 price target on shares of Accenture in a research note on Monday, April 1st. Credit Suisse Group set a $170.00 price target on Accenture and gave the company a “hold” rating in a research note on Tuesday, April 9th. ValuEngine upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Bank of America lowered Accenture from a “buy” rating to a “neutral” rating in a research note on Friday, May 3rd. They noted that the move was a valuation call. 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 presently has a consensus rating of “Buy” and a consensus target price of $183.58.
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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