Northcape Wealth Management LLC Purchases 3,073 Shares of Accenture PLC $ACN

Northcape Wealth Management LLC lifted its holdings in Accenture PLC (NYSE:ACN) by 48.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,383 shares of the information technology services provider’s stock after acquiring an additional 3,073 shares during the quarter. Northcape Wealth Management LLC’s holdings in Accenture were worth $2,314,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sanders Capital LLC bought a new position in shares of Accenture in the 2nd quarter valued at about $2,637,640,000. Norges Bank acquired a new position in Accenture in the second quarter valued at approximately $2,216,850,000. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 1,315,548 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Accenture by 12.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock worth $2,502,446,000 after acquiring an additional 1,148,970 shares during the period. Finally, McElhenny Sheffield Capital Management LLC bought a new stake in shares of Accenture during the 2nd quarter valued at $308,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 0.9%

Shares of ACN stock opened at $263.58 on Friday. The firm’s fifty day moving average price is $270.51 and its two-hundred day moving average price is $257.87. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $162.26 billion, a P/E ratio of 21.78, a PEG ratio of 2.52 and a beta of 1.25.

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

Accenture Dividend Announcement

The business also recently declared 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 is 53.88%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ACN. BMO Capital Markets restated a “market perform” rating and set a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. Citigroup raised shares of Accenture to a “hold” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a report on Monday, January 26th. Wolfe Research lifted their price target on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $298.38.

Insider Transactions at Accenture

In other news, insider Manish Sharma sold 2,731 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total value of $786,883.03. Following the transaction, the insider owned 7,057 shares of the company’s stock, valued at approximately $2,033,333.41. This represents a 27.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Joel Unruch sold 1,332 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total value of $366,300.00. Following the completion of the transaction, the general counsel directly owned 28,207 shares in the company, valued at approximately $7,756,925. This represents a 4.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 21,934 shares of company stock worth $5,965,166. 0.02% of the stock is currently owned by 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.