Country Club Bank Grows Position in Accenture PLC $ACN

Country Club Bank grew its position in shares of Accenture PLC (NYSE:ACN) by 118.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,780 shares of the information technology services provider’s stock after acquiring an additional 6,388 shares during the quarter. Country Club Bank’s holdings in Accenture were worth $2,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Investors Research Corp grew its position in Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Accenture in the 1st quarter worth approximately $31,000. Heartwood Wealth Advisors LLC bought a new position in shares of Accenture in the third quarter valued at approximately $32,000. RMG Wealth Management LLC purchased a new stake in shares of Accenture during the second quarter valued at approximately $33,000. Finally, Howard Hughes Medical Institute purchased a new position in Accenture in the second quarter worth $40,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the subject of several research analyst reports. Jefferies Financial Group raised their target price on Accenture from $250.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 10th. Cowen restated a “buy” rating on shares of Accenture in a report on Friday, September 26th. Wells Fargo & Company initiated coverage on shares of Accenture in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 target price on the stock. Mizuho decreased their price target on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Finally, BNP Paribas Exane dropped their price objective on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $294.04.

Accenture Price Performance

Accenture stock opened at $273.40 on Thursday. The firm has a market capitalization of $180.03 billion, a P/E ratio of 22.50, a PEG ratio of 2.64 and a beta of 1.26. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day moving average price of $251.83 and a 200-day moving average price of $264.30.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. The business had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm’s quarterly revenue was up 7.3% on a year-over-year basis. 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. As a group, equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current 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 issued 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 was Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a yield of 2.4%. Accenture’s payout ratio is currently 53.66%.

Insiders Place Their Bets

In other Accenture news, CEO Julie Spellman Sweet sold 5,917 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total value of $1,459,250.54. Following the completion of the transaction, the chief executive officer directly owned 8,599 shares of the company’s stock, valued at $2,120,685.38. This trade represents a 40.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider directly owned 1,860 shares in the company, valued at approximately $465,018.60. The trade was a 78.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,319 shares of company stock worth $8,335,225 in the last three months. 0.02% of the stock is currently owned by corporate insiders.

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.