Heritage Investors Management Corp Buys 14,509 Shares of Accenture PLC $ACN

Heritage Investors Management Corp raised its stake in Accenture PLC (NYSE:ACN) by 23.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,121 shares of the information technology services provider’s stock after purchasing an additional 14,509 shares during the period. Heritage Investors Management Corp’s holdings in Accenture were worth $19,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ACN. Investors Research Corp lifted its holdings in shares of Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Davis Capital Management acquired a new position in shares of Accenture during the third quarter valued at about $28,000. RMG Wealth Management LLC acquired a new stake in shares of Accenture in the 2nd quarter worth about $33,000. Finally, Elevation Wealth Partners LLC lifted its position in Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 73 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Transactions at Accenture

In other news, General Counsel Joel Unruch sold 1,026 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $281.70, for a total transaction of $289,024.20. Following the completion of the transaction, the general counsel directly owned 27,181 shares in the company, valued at $7,656,887.70. The trade was a 3.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John F. Walsh sold 3,986 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total value of $1,101,650.68. Following the completion of the sale, the chief executive officer owned 27,221 shares in the company, valued at $7,523,339.98. This trade represents a 12.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 21,934 shares of company stock valued at $5,965,166. Company insiders own 0.02% of the company’s stock.

Accenture Trading Up 1.2%

Shares of ACN opened at $266.75 on Tuesday. The firm has a market cap of $164.21 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.25. 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 business has a 50-day moving average of $270.97 and a 200 day moving average of $257.60. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week 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 EPS for the quarter, topping 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 net margin of 10.76% and a return on equity of 26.65%. During the same period last year, the firm 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. As a group, research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be given a dividend of $1.63 per share. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.4%. Accenture’s dividend payout ratio is currently 53.88%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACN. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 target price on shares of Accenture in a report on Thursday, December 18th. Dbs Bank upgraded shares of Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. Royal Bank Of Canada set a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. Citigroup raised shares of Accenture to a “hold” rating in a research report on Thursday, October 23rd. Finally, Guggenheim increased their price target on Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $298.38.

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.