Hohimer Wealth Management LLC increased its stake in Accenture PLC (NYSE:ACN – Free Report) by 37.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,081 shares of the information technology services provider’s stock after acquiring an additional 5,463 shares during the period. Hohimer Wealth Management LLC’s holdings in Accenture were worth $3,682,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. grew its stake in Accenture by 134.8% during the 1st quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 89 shares during the last quarter. Foresight Capital Management Advisors Inc. acquired a new stake in Accenture in the third quarter worth $31,000. Signature Equity Partners LLC lifted its stake in Accenture by 50.9% in the third quarter. Signature Equity Partners LLC now owns 172 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 58 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in Accenture by 147.1% in the second quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 128 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its stake in Accenture by 587.5% in the third quarter. Financial Network Wealth Advisors LLC now owns 220 shares of the information technology services provider’s stock valued at $40,000 after buying an additional 188 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.
Wall Street Analysts Forecast Growth
ACN has been the subject of several recent research reports. Wolfe Research upped their price target on shares of Accenture from $165.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Robert W. Baird downgraded shares of Accenture from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $245.00 to $252.00 in a research report on Wednesday, October 21st. Susquehanna lifted their price objective on shares of Accenture from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, October 15th. 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. Finally, Mizuho upped their target price on shares of Accenture from $226.00 to $241.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Ten equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $221.07.
Get Our Latest Stock Report on Accenture
Accenture Trading Down 0.1%
Shares of ACN stock opened at $260.36 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09. The stock has a fifty day moving average of $210.35 and a two-hundred day moving average of $191.91. The firm has a market capitalization of $153.89 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01.
Accenture (NYSE:ACN – Get Free Report) last released its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.11. The company had revenue of $18.68 billion during 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 quarter in the prior year, the business posted $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, research analysts expect that Accenture PLC will post 14.68 EPS for the current year.
Accenture Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This is an increase from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 2.6%. Accenture’s dividend payout ratio is currently 50.44%.
Insider Transactions at Accenture
In other Accenture news, CEO Ryoji Sekido sold 5,844 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $244.84, for a total transaction of $1,430,844.96. Following the transaction, the chief executive officer owned 1,194 shares of the company’s stock, valued at approximately $292,338.96. This trade represents a 83.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Atsushi Egawa sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $270.00, for a total transaction of $2,700,000.00. Following the sale, the chief executive officer owned 5,996 shares in the company, valued at $1,618,920. This trade represents a 62.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,675 shares of company stock worth $4,747,563 over the last ninety days. Insiders own 0.02% of the company’s stock.
Trending Headlines about Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture and Mondelēz International are applying agentic AI to redesign Mondelēz’s global order-to-cash operations, including ordering, invoicing and collections. The project showcases demand for Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
- Positive Sentiment: A valuation analysis says ACN trades at about 18 times forward earnings, below its 10-year average of 24 times, even after a strong recent rally. That could appeal to investors who see room for the valuation to recover. Accenture’s valuation analysis
- Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his direct holdings by about 62.5%. The sale was made under a pre-arranged Rule 10b5-1 plan, so it is not necessarily a signal about his outlook for the company. Accenture CEO share sale
- Negative Sentiment: Accenture fell even as the market rose, indicating relative weakness in the session. The report describes the decline but does not point to a specific company catalyst. Accenture stock underperforms as the market gains
Accenture Company 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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