AustralianSuper Pty Ltd Acquires 6,157 Shares of Accenture PLC $ACN

AustralianSuper Pty Ltd lifted its holdings in shares of Accenture PLC (NYSE:ACN) by 59.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,462 shares of the information technology services provider’s stock after acquiring an additional 6,157 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Accenture were worth $4,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Investors Research Corp lifted its holdings in Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after buying an additional 45 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Accenture by 132.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Davis Capital Management purchased a new position in shares of Accenture in the 3rd quarter valued at approximately $28,000. RMG Wealth Management LLC bought a new stake in shares of Accenture during the second quarter valued at approximately $33,000. Finally, Elevation Wealth Partners LLC raised its holdings in Accenture by 146.0% in the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 73 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Up 0.9%

Shares of NYSE:ACN opened at $263.58 on Friday. 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 company has a market cap of $162.26 billion, a P/E ratio of 21.78, a PEG ratio of 2.52 and a beta of 1.25. The stock’s fifty day moving average price is $270.51 and its 200-day moving average price is $258.00. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35.

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

Accenture Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on ACN. Evercore ISI restated an “outperform” rating and set a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. Rothschild & Co Redburn upped their price objective on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. UBS Group downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Argus lowered their price objective on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, December 29th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.38.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 1,694 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total transaction of $488,380.20. Following the completion of the sale, the chief executive officer owned 37,346 shares of the company’s stock, valued at $10,766,851.80. This represents a 4.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Catherine Kiernan Hogan sold 660 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $280.93, for a total transaction of $185,413.80. Following the completion of the transaction, the chief operating officer directly owned 12,688 shares in the company, valued at approximately $3,564,439.84. The trade was a 4.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 21,934 shares of company stock worth $5,965,166. 0.02% of the stock is owned by corporate insiders.

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.