GAMMA Investing LLC Lowers Holdings in Accenture PLC $ACN

GAMMA Investing LLC lowered its position in Accenture PLC (NYSE:ACN) by 25.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,810 shares of the information technology services provider’s stock after selling 3,020 shares during the quarter. GAMMA Investing LLC’s holdings in Accenture were worth $2,173,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ACN. Sanders Capital LLC bought a new stake in shares of Accenture in the second quarter valued at about $2,637,640,000. Norges Bank purchased a new position in Accenture during the 2nd quarter valued at about $2,216,850,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Accenture by 63.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after purchasing an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Accenture by 2.1% during the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock valued at $19,466,641,000 after purchasing an additional 1,315,548 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in Accenture during the second quarter valued at approximately $308,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Susquehanna lowered their target price on Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. Rothschild Redb lowered Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. TD Cowen decreased their price target on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, Jefferies Financial Group lifted their price objective on shares of Accenture from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $294.04.

Insider Buying and Selling

In other Accenture news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was 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 approximately $465,018.60. The trade was a 78.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 33,319 shares of company stock worth $8,335,225 in the last 90 days. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of NYSE ACN opened at $272.24 on Wednesday. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $179.26 billion, a PE ratio of 22.41, a P/E/G ratio of 2.67 and a beta of 1.26. The business has a 50-day simple moving average of $251.43 and a two-hundred day simple moving average of $264.24.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. Accenture’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. As a group, equities analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 10th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 53.66%.

Accenture Company Profile

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.