Private Wealth Partners LLC boosted its holdings in Accenture PLC (NYSE:ACN – Free Report) by 99.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,957 shares of the information technology services provider’s stock after acquiring an additional 3,963 shares during the quarter. Private Wealth Partners LLC’s holdings in Accenture were worth $1,459,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC lifted its stake in Accenture by 147.1% during the second quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 128 shares during the period. IMG Wealth Management Inc. boosted its holdings in Accenture by 134.8% during the first quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 89 shares in the last quarter. Arlington Trust Co LLC grew its stake in shares of Accenture by 110.4% in the 2nd quarter. Arlington Trust Co LLC now owns 284 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 149 shares during the period. S&G Foundation bought a new stake in shares of Accenture in the 2nd quarter valued at approximately $37,000. Finally, Whipplewood Advisors LLC raised its holdings in shares of Accenture by 57.9% in the 1st quarter. Whipplewood Advisors LLC now owns 210 shares of the information technology services provider’s stock worth $42,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.
Insiders Place Their Bets
In other Accenture news, COO Catherine Hogan sold 1,320 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $200.00, for a total value of $264,000.00. Following the transaction, the chief operating officer owned 12,556 shares of the company’s stock, valued at approximately $2,511,200. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Melissa Burgum sold 811 shares of the stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $250.00, for a total value of $202,750.00. Following the sale, the chief accounting officer owned 9,820 shares in the company, valued at $2,455,000. The trade was a 7.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 19,173 shares of company stock worth $3,758,527. 0.02% of the stock is owned by company insiders.
Key Headlines Impacting Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture’s consensus price target reportedly increased 12.22% to $238.14, while a bullish analysis projects an additional 23% total return through December 2027. These updates suggest some analysts continue to see upside from the company’s AI and digital-transformation growth. Accenture consensus price target increased Accenture total return analysis
- Positive Sentiment: Accenture Federal Services is working with Google Public Sector on Gemini launchpads for U.S. federal agencies. The initiative could expand Accenture’s government AI pipeline and reinforce its position as a generative-AI implementation partner. Accenture federal AI push
- Positive Sentiment: The company’s latest quarterly results surpassed expectations, with earnings of $3.29 per share versus $3.18 expected and revenue of $18.68 billion versus $18.03 billion expected. Revenue grew 6.2% year over year, and Accenture also raised its quarterly dividend to $1.71 per share from $1.63.
- Neutral Sentiment: Accenture is reviewing options for its Greater China business, potentially including a divestiture. A sale could reduce geopolitical exposure and simplify operations, but the review introduces uncertainty about the region’s future contribution.
- Negative Sentiment: Robert W. Baird downgraded Accenture from Outperform to Neutral, citing the stock’s sharp rebound and concern that the valuation already reflects much of the expected growth. Baird maintained a $252 price target, offering limited upside relative to recent trading levels. Baird downgrade
- Negative Sentiment: CEO Ryoji Sekido sold approximately $1.43 million of stock, reducing his direct holdings by 83%, while Chief Accounting Officer Melissa Burgum sold $202,750 under a pre-arranged Rule 10b5-1 plan. Planned sales do not necessarily signal weaker fundamentals, but the transactions may weigh on sentiment.
Accenture Price Performance
Shares of NYSE:ACN traded down $9.32 during trading on Friday, reaching $249.42. The stock had a trading volume of 6,845,748 shares, compared to its average volume of 8,265,866. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $291.09. The business’s 50-day moving average price is $196.03 and its 200 day moving average price is $176.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.34. The stock has a market capitalization of $147.42 billion, a PE ratio of 18.39, a P/E/G ratio of 1.99 and a beta of 1.11.
Accenture (NYSE:ACN – Get Free Report) last announced its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.18 by $0.11. The business had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $18.03 billion. Accenture had a return on equity of 26.53% and a net margin of 11.28%. Accenture’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.03 EPS. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, equities analysts predict that Accenture PLC will post 14.68 earnings per share for the current year.
Accenture Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, October 13th. This is a positive change from Accenture’s previous quarterly dividend of $1.63. Accenture’s dividend payout ratio is presently 50.44%.
Analyst Upgrades and Downgrades
ACN has been the subject of several analyst reports. Jefferies Financial Group set a $220.00 target price on Accenture in a research report on Friday, October 2nd. Guggenheim reiterated a “neutral” rating on shares of Accenture in a research report on Friday, October 2nd. Weiss Ratings upgraded Accenture from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Susquehanna lifted their price objective on Accenture from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, October 15th. Finally, Truist Financial boosted their target price on shares of Accenture from $150.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, October 2nd. Ten analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $219.52.
Read Our Latest Stock Analysis on ACN
Accenture Company Profile
Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.
The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.
Further Reading
- Five stocks we like better than Accenture
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
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 – Free Report).
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.
