Cushing Capital Partners LLC Takes Position in Accenture PLC $ACN

Cushing Capital Partners LLC acquired a new position in shares of Accenture PLC (NYSE:ACN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,397 shares of the information technology services provider’s stock, valued at approximately $838,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACN. Aprio Wealth Management LLC raised its holdings in shares of Accenture by 2.1% in the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock worth $512,000 after acquiring an additional 33 shares during the last quarter. Texas Bank & Trust Co increased its position in Accenture by 0.4% during the 1st quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock worth $2,553,000 after purchasing an additional 35 shares in the last quarter. Norway Savings Bank raised its stake in Accenture by 0.9% in the 2nd quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock valued at $1,232,000 after purchasing an additional 36 shares during the last quarter. Firethorn Wealth Partners LLC boosted its stake in shares of Accenture by 4.4% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after purchasing an additional 36 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in shares of Accenture by 0.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock worth $1,465,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ACN shares. Guggenheim upped their price objective on shares of Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Citigroup upgraded Accenture to a “hold” rating in a report on Thursday, October 23rd. Rothschild Redb lowered Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Robert W. Baird decreased their price target on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Finally, Jefferies Financial Group upped their price objective on shares of Accenture from $250.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $298.29.

Accenture Stock Performance

Accenture stock opened at $270.88 on Wednesday. The company has a market cap of $178.37 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The stock’s 50-day moving average is $253.89 and its 200-day moving average is $262.69.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion during 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 was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio is 53.88%.

Insider Activity at Accenture

In other news, insider Manish Sharma sold 6,902 shares of the 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 completion of the sale, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 5,917 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total value of $1,459,250.54. Following the transaction, the chief executive officer directly owned 8,599 shares in the company, valued at $2,120,685.38. This trade represents a 40.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 33,319 shares of company stock worth $8,335,225. Corporate insiders own 0.02% of the company’s stock.

Accenture Company 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.