Verus Capital Partners LLC bought a new position in shares of Accenture PLC (NYSE:ACN – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,654 shares of the information technology services provider’s stock, valued at approximately $487,000.
Other large investors have also bought and sold shares of the company. Abacus Wealth Partners LLC acquired a new position in Accenture during the 3rd quarter worth approximately $368,000. Guidance Capital Inc. grew its stake in shares of Accenture by 3.5% during the 3rd quarter. Guidance Capital Inc. now owns 5,976 shares of the information technology services provider’s stock worth $1,096,000 after acquiring an additional 203 shares in the last quarter. Asset Dedication LLC boosted its holdings in Accenture by 311.6% during the third quarter. Asset Dedication LLC now owns 2,457 shares of the information technology services provider’s stock worth $451,000 after purchasing an additional 1,860 shares during the last quarter. United Advisor Group LLC boosted its holdings in Accenture by 30.4% during the third quarter. United Advisor Group LLC now owns 3,024 shares of the information technology services provider’s stock worth $555,000 after purchasing an additional 705 shares during the last quarter. Finally, Plancorp LLC acquired a new position in Accenture during the third quarter worth $288,000. 75.14% of the stock is owned by institutional investors.
Accenture Price Performance
Shares of ACN opened at $254.34 on Tuesday. The company has a market cap of $150.33 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.03 and a beta of 1.01. Accenture PLC has a 1-year low of $118.15 and a 1-year 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 current ratio of 1.43, a quick 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.11. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $18.03 billion. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. On average, research analysts forecast that Accenture PLC will post 14.68 earnings per share for the current fiscal year.
Accenture Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, October 13th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, October 13th. This is a positive change from Accenture’s previous quarterly dividend of $1.63. Accenture’s payout ratio is currently 50.44%.
Analyst Ratings Changes
A number of research firms recently weighed in on ACN. Stifel Nicolaus set a $242.00 target price on shares of Accenture in a research report on Thursday, October 15th. The Goldman Sachs Group boosted their price target on shares of Accenture from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Susquehanna increased their price objective on shares of Accenture from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 15th. Robert W. Baird downgraded shares of Accenture from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $245.00 to $252.00 in a research note on Wednesday, October 21st. Finally, BMO Capital Markets set a $235.00 price objective on Accenture in a report on Friday, October 2nd. Ten equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $221.07.
Check Out Our Latest Stock Report on Accenture
Insiders Place Their Bets
In related 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 value of $1,430,844.96. Following the completion of the sale, the chief executive officer directly owned 1,194 shares in the company, valued at approximately $292,338.96. This trade represents a 83.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Atsushi Egawa sold 10,000 shares of Accenture stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $270.00, for a total value of $2,700,000.00. Following the transaction, the chief executive officer owned 5,996 shares of the company’s stock, valued at $1,618,920. The trade was a 62.52% 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. Insiders sold a total of 18,675 shares of company stock worth $4,747,563 in the last three months. Insiders own 0.02% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Accenture
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
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.
