Signet Investment Advisory Group Inc. Purchases 2,119 Shares of Accenture PLC $ACN

Signet Investment Advisory Group Inc. lifted its position in Accenture PLC (NYSE:ACN – Free Report) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,480 shares of the information technology services provider’s stock after purchasing an additional 2,119 shares during the quarter. Accenture comprises approximately 2.5% of Signet Investment Advisory Group Inc.’s portfolio, making the stock its 15th largest holding. Signet Investment Advisory Group Inc.’s holdings in Accenture were worth $5,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Parlapiano Turner & Welch LLC lifted its position in Accenture by 9.0% during the third quarter. Franklin Parlapiano Turner & Welch LLC now owns 37,255 shares of the information technology services provider’s stock valued at $6,831,000 after purchasing an additional 3,064 shares during the last quarter. 3Chopt Investment Partners LLC grew its stake in Accenture by 42.5% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 2,905 shares of the information technology services provider’s stock worth $533,000 after buying an additional 866 shares in the last quarter. Compass Financial Management LLC bought a new position in shares of Accenture in the 3rd quarter worth $251,000. Pzena Investment Management LLC increased its holdings in shares of Accenture by 17.7% in the 3rd quarter. Pzena Investment Management LLC now owns 6,054,682 shares of the information technology services provider’s stock worth $1,110,247,000 after buying an additional 912,506 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in shares of Accenture during the 3rd quarter valued at $19,454,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

Accenture stock opened at $264.37 on Thursday. The firm has a fifty day simple moving average of $207.19 and a two-hundred day simple moving average of $192.07. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. Accenture PLC has a twelve month low of $118.15 and a twelve month high of $291.09. The company has a market capitalization of $156.25 billion, a PE ratio of 19.50, a P/E/G ratio of 1.96 and a beta of 1.01.

Accenture (NYSE:ACN – Get Free Report) last announced its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.11. The firm had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $18.03 billion. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Research analysts expect that Accenture PLC will post 14.68 EPS for the current year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 2.6%. 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 50.44%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group set a $278.00 price objective on shares of Accenture in a report on Thursday, October 15th. Citigroup increased their target price on Accenture from $135.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, August 24th. Wolfe Research raised their price target on Accenture from $165.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. raised their price target on Accenture from $179.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, September 25th. Finally, Mizuho lifted their price target on Accenture from $226.00 to $241.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 6th. Ten investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat, Accenture presently has an average rating of “Hold” and an average price target of $221.07.

Read Our Latest Stock Analysis on Accenture

Insider Buying and Selling at Accenture

In other Accenture news, COO Catherine Hogan sold 1,320 shares of Accenture stock in a transaction that occurred 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 directly owned 12,556 shares of the company’s stock, valued at $2,511,200. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula Price purchased 800 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was bought at an average cost of $249.81 per share, for a total transaction of $199,848.00. Following the completion of the purchase, the director directly owned 9,361 shares in the company, valued at approximately $2,338,471.41. This trade represents a 9.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 8,675 shares of company stock worth $2,047,563 over the last quarter. Company insiders own 0.02% of the company’s stock.

About Accenture

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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