Letson Investment Management Inc. Grows Stock Position in Accenture PLC $ACN

Letson Investment Management Inc. boosted its stake in Accenture PLC (NYSE:ACN) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,193 shares of the information technology services provider’s stock after purchasing an additional 2,487 shares during the quarter. Accenture makes up 3.9% of Letson Investment Management Inc.’s investment portfolio, making the stock its 5th largest position. Letson Investment Management Inc.’s holdings in Accenture were worth $10,898,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. West Paces Advisors Inc. boosted its position in shares of Accenture by 83.5% in the third quarter. West Paces Advisors Inc. now owns 2,349 shares of the information technology services provider’s stock valued at $579,000 after acquiring an additional 1,069 shares during the period. Endeavor Private Wealth Inc. lifted its stake in Accenture by 15.0% in the 3rd quarter. Endeavor Private Wealth Inc. now owns 990 shares of the information technology services provider’s stock worth $244,000 after purchasing an additional 129 shares in the last quarter. Earned Wealth Advisors LLC boosted its holdings in Accenture by 175.7% in the 3rd quarter. Earned Wealth Advisors LLC now owns 1,960 shares of the information technology services provider’s stock valued at $483,000 after purchasing an additional 1,249 shares during the period. Alpha Omega Wealth Management LLC grew its position in shares of Accenture by 35.5% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 7,877 shares of the information technology services provider’s stock valued at $1,942,000 after purchasing an additional 2,065 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its holdings in shares of Accenture by 0.7% in the third quarter. Gateway Investment Advisers LLC now owns 7,993 shares of the information technology services provider’s stock worth $1,971,000 after purchasing an additional 53 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ACN has been the subject of several recent analyst reports. Susquehanna boosted their target price on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Royal Bank Of Canada set a $300.00 price target on Accenture in a research report on Thursday, December 18th. Mizuho cut their price objective on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a report on Monday, September 29th. TD Cowen raised their target price on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $296.83.

Accenture Stock Down 3.2%

Shares of NYSE ACN opened at $259.78 on Monday. The stock has a market capitalization of $159.92 billion, a P/E ratio of 21.47, a PEG ratio of 2.51 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The firm’s 50 day simple moving average is $257.83 and its two-hundred day simple moving average is $260.09.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The firm’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. As a group, analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

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 issued a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.5%. Accenture’s payout ratio is currently 53.88%.

Insider Activity

In other news, insider Manish Sharma sold 6,902 shares of the stock in a transaction that occurred 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 sale, the insider owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 5,917 shares of Accenture stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the completion of the transaction, the chief executive officer directly owned 8,599 shares in the company, valued at approximately $2,120,685.38. The trade was a 40.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 33,319 shares of company stock valued at $8,335,225. 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.