Kestra Investment Management LLC raised its position in Accenture PLC (NYSE:ACN – Free Report) by 20.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 12,416 shares of the information technology services provider’s stock after purchasing an additional 2,110 shares during the period. Kestra Investment Management LLC’s holdings in Accenture were worth $2,277,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of ACN. Flossbach Von Storch SE bought a new position in Accenture during the second quarter worth $309,873,000. First Trust Advisors LP lifted its holdings in Accenture by 120.0% in the first quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock valued at $690,475,000 after buying an additional 1,899,305 shares during the period. Pzena Investment Management LLC lifted its holdings in Accenture by 17.7% in the third quarter. Pzena Investment Management LLC now owns 6,054,682 shares of the information technology services provider’s stock valued at $1,110,247,000 after buying an additional 912,506 shares during the period. Artemis Investment Management LLP boosted its position in Accenture by 67.6% during the third quarter. Artemis Investment Management LLP now owns 2,196,789 shares of the information technology services provider’s stock valued at $402,825,000 after acquiring an additional 885,687 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Accenture by 319.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,001,809 shares of the information technology services provider’s stock valued at $183,702,000 after acquiring an additional 762,827 shares during the last quarter. 75.14% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, CEO Julie Sweet bought 12,200 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was acquired at an average cost of $245.99 per share, with a total value of $3,001,078.00. Following the transaction, the chief executive officer directly owned 48,910 shares of the company’s stock, valued at approximately $12,031,370.90. This represents a 33.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paula Price bought 800 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was purchased at an average cost of $249.81 per share, with a total value of $199,848.00. Following the completion of the transaction, the director directly owned 9,361 shares in the company, valued at $2,338,471.41. This represents a 9.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 18,675 shares of company stock worth $4,747,563 over the last 90 days. 0.02% of the stock is owned by company insiders.
Accenture Stock Down 2.4%
Shares of NYSE ACN opened at $254.34 on Tuesday. The firm has a market cap of $150.33 billion, a PE ratio of 18.76, a P/E/G ratio of 2.03 and a beta of 1.01. Accenture PLC has a 12-month low of $118.15 and a 12-month high of $291.09. The company’s fifty day simple moving average is $211.64 and its 200 day simple moving average is $191.77. 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 (NYSE:ACN – Get Free Report) last posted its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The business had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same period last year, the company posted $3.03 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, sell-side analysts forecast that Accenture PLC will post 14.68 earnings per share for the current fiscal year.
Accenture Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, October 13th will be given a dividend of $1.71 per share. This is a boost from Accenture’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.7%. Accenture’s payout ratio is currently 50.44%.
Analyst Ratings Changes
ACN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Accenture from $136.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, September 18th. Royal Bank Of Canada boosted their price objective on Accenture from $175.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Jefferies Financial Group set a $220.00 target price on Accenture in a research report on Friday, October 2nd. Evercore set a $250.00 target price on Accenture and gave the stock an “outperform” rating in a research note on Thursday, October 1st. Finally, Guggenheim reiterated a “neutral” rating on shares of Accenture in a report on Friday, October 2nd. Ten research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $221.07.
Get Our Latest Report on Accenture
Accenture Profile
Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions.
The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.
Accenture traces its roots to the consulting business of accounting firm Arthur Andersen.
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