Chicago Capital LLC Has $2.04 Million Stock Position in Accenture PLC $ACN

Chicago Capital LLC lowered its position in shares of Accenture PLC (NYSE:ACN) by 29.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,253 shares of the information technology services provider’s stock after selling 3,475 shares during the quarter. Chicago Capital LLC’s holdings in Accenture were worth $2,035,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Accenture by 2.1% in 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. State Street Corp lifted its stake in Accenture by 1.2% in the 2nd quarter. State Street Corp now owns 28,016,605 shares of the information technology services provider’s stock worth $8,373,925,000 after acquiring an additional 326,979 shares in the last quarter. Geode Capital Management LLC boosted its position in Accenture by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider’s stock worth $4,182,331,000 after acquiring an additional 147,931 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Accenture by 0.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,998,826 shares of the information technology services provider’s stock valued at $2,689,659,000 after acquiring an additional 56,108 shares in the last quarter. Finally, Sanders Capital LLC acquired a new position in shares of Accenture in the 2nd quarter valued at about $2,637,640,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on ACN shares. Evercore ISI reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Guggenheim boosted their price target on shares of Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research report on Wednesday, December 10th. Finally, Wells Fargo & Company initiated coverage on Accenture in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $294.96.

Accenture Stock Performance

ACN opened at $263.87 on Tuesday. The stock has a 50-day moving average of $258.09 and a 200-day moving average of $259.79. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The company has a market cap of $162.44 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.51 and a beta of 1.25.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same period in the previous year, the company earned $3.59 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.5%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Insiders Place Their Bets

In other Accenture news, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were 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 directly owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the sale, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,319 shares of company stock valued at $8,335,225 in the last quarter. Insiders own 0.02% of the company’s stock.

About Accenture

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.