Cullen Frost Bankers Inc. Acquires 6,653 Shares of Accenture PLC $ACN

Cullen Frost Bankers Inc. raised its holdings in shares of Accenture PLC (NYSE:ACN) by 27.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,335 shares of the information technology services provider’s stock after purchasing an additional 6,653 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Accenture were worth $7,727,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Accenture by 46.9% during the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after purchasing an additional 660 shares during the period. Blossom Wealth Management lifted its holdings in Accenture by 14.9% during the 2nd quarter. Blossom Wealth Management now owns 1,089 shares of the information technology services provider’s stock worth $325,000 after purchasing an additional 141 shares during the last quarter. KWB Wealth acquired a new position in Accenture in the 2nd quarter valued at $547,000. Finally, RBA Wealth Management LLC increased its position in Accenture by 13.0% during the 2nd quarter. RBA Wealth Management LLC now owns 8,277 shares of the information technology services provider’s stock worth $2,474,000 after buying an additional 951 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, insider Manish Sharma sold 2,731 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total transaction of $786,883.03. Following the sale, the insider owned 7,057 shares of the company’s stock, valued at $2,033,333.41. This trade represents a 27.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 1,694 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.30, for a total value of $488,380.20. Following the completion of the transaction, the chief executive officer directly owned 37,346 shares of the company’s stock, valued at approximately $10,766,851.80. The trade was a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 21,674 shares of company stock worth $5,661,414. Corporate insiders own 0.02% of the company’s stock.

Accenture Trading Down 1.4%

Shares of ACN stock opened at $281.00 on Monday. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The stock’s fifty day moving average price is $267.78 and its two-hundred day moving average price is $258.09. 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 company has a market cap of $172.99 billion, a PE ratio of 23.22, a P/E/G ratio of 2.71 and a beta of 1.25.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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 business had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. During the same period in the prior year, the company earned $3.59 EPS. Accenture’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. Equities analysts predict 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. 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 2.3%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ACN shares. Rothschild & Co Redburn boosted their target price on shares of Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Mizuho cut their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a report on Monday, September 29th. The Goldman Sachs Group restated a “buy” rating and set a $330.00 target price on shares of Accenture in a research report on Thursday, December 18th. Dbs Bank upgraded shares of Accenture from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $297.81.

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.