Confluence Investment Management LLC Increases Holdings in Accenture PLC $ACN

Confluence Investment Management LLC boosted its position in shares of Accenture PLC (NYSE:ACN) by 6,611.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,255 shares of the information technology services provider’s stock after purchasing an additional 206,137 shares during the quarter. Confluence Investment Management LLC’s holdings in Accenture were worth $51,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ACN. Investors Research Corp increased its stake in shares of Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares during the period. RMG Wealth Management LLC purchased a new position in Accenture during the 2nd quarter valued at about $33,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Accenture in the 3rd quarter valued at about $32,000. WPG Advisers LLC purchased a new stake in shares of Accenture in the 1st quarter worth approximately $42,000. Finally, Howard Hughes Medical Institute bought a new position in shares of Accenture during the second quarter valued at approximately $40,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACN. Morgan Stanley reduced their price objective on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Mizuho reduced their price target on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Royal Bank Of Canada set a $300.00 price objective on Accenture in a research report on Thursday. Rothschild Redb lowered Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $298.29.

Accenture Trading Down 0.6%

Accenture stock opened at $270.65 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $178.22 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26. The stock has a 50-day moving average of $253.36 and a two-hundred day moving average of $263.02. Accenture PLC has a one year low of $229.40 and a one year high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.21. The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, research analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Insider Activity at Accenture

In other news, CEO Ryoji Sekido sold 2,500 shares of the 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 transaction, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. This trade represents a 78.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,319 shares of company stock valued at $8,335,225 in the last ninety days. Company insiders own 0.02% of the company’s stock.

Accenture Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.