Nan Fung Trinity HK Ltd. Acquires New Position in Accenture PLC $ACN

Nan Fung Trinity HK Ltd. bought a new position in Accenture PLC (NYSE:ACN) during the 2nd quarter, HoldingsChannel reports. The fund bought 57,200 shares of the information technology services provider’s stock, valued at approximately $17,097,000. Accenture makes up approximately 2.1% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 21st largest holding.

A number of other hedge funds also recently added to or reduced their stakes in ACN. Fairbanks Capital Management Inc. boosted its stake in Accenture by 7.0% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 4,732 shares of the information technology services provider’s stock valued at $1,414,000 after purchasing an additional 310 shares during the last quarter. Westbourne Investment Advisors Inc. boosted its position in shares of Accenture by 1.1% during the second quarter. Westbourne Investment Advisors Inc. now owns 19,193 shares of the information technology services provider’s stock valued at $5,737,000 after buying an additional 213 shares during the last quarter. Advyzon Investment Management LLC increased its holdings in Accenture by 15.2% in the 2nd quarter. Advyzon Investment Management LLC now owns 1,877 shares of the information technology services provider’s stock worth $561,000 after buying an additional 247 shares in the last quarter. VeraBank N.A. boosted its holdings in shares of Accenture by 2.1% during the 2nd quarter. VeraBank N.A. now owns 3,054 shares of the information technology services provider’s stock valued at $913,000 after acquiring an additional 63 shares during the last quarter. Finally, Verus Capital Partners LLC grew its stake in shares of Accenture by 16.5% in the second quarter. Verus Capital Partners LLC now owns 820 shares of the information technology services provider’s stock worth $245,000 after acquiring an additional 116 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ACN shares. Mizuho lowered their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. TD Cowen dropped their price target on Accenture from $313.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. HSBC reduced their price objective on Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. Finally, Citigroup raised shares of Accenture to a “hold” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $294.25.

Insider Buying and Selling

In other news, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the sale, the insider owned 1,860 shares in the company, valued at $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This represents a 64.27% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 33,319 shares of company stock valued at $8,335,225. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of NYSE ACN opened at $242.57 on Wednesday. The stock has a market cap of $159.72 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The firm has a fifty day moving average price of $245.10 and a 200-day moving average price of $273.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.05. The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. Accenture’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $1.63 per share. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.7%. Accenture’s dividend payout ratio is 53.66%.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.