44 Wealth Management LLC Acquires Shares of 7,886 Accenture PLC $ACN

44 Wealth Management LLC bought a new position in shares of Accenture PLC (NYSE:ACNFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,886 shares of the information technology services provider’s stock, valued at approximately $1,945,000.

Other institutional investors also recently modified their holdings of the company. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its position in shares of Accenture by 0.9% during the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock valued at $1,089,000 after acquiring an additional 41 shares during the last quarter. AQR Capital Management LLC boosted its position in Accenture by 268.3% in the third quarter. AQR Capital Management LLC now owns 1,252,334 shares of the information technology services provider’s stock worth $308,826,000 after purchasing an additional 912,348 shares during the last quarter. Zacks Investment Management grew its stake in Accenture by 0.4% in the 3rd quarter. Zacks Investment Management now owns 223,974 shares of the information technology services provider’s stock valued at $55,232,000 after purchasing an additional 897 shares during the period. Credit Agricole S A purchased a new stake in shares of Accenture during the 3rd quarter valued at $62,670,000. Finally, Kelleher Financial Advisors raised its stake in shares of Accenture by 34.5% during the 3rd quarter. Kelleher Financial Advisors now owns 1,116 shares of the information technology services provider’s stock worth $275,000 after purchasing an additional 286 shares during the period. 75.14% of the stock is owned by institutional investors.

Key Headlines Impacting Accenture

Here are the key news stories impacting Accenture this week:

Accenture Price Performance

Shares of NYSE:ACN opened at $196.41 on Friday. The firm has a market capitalization of $120.91 billion, a PE ratio of 16.23, a P/E/G ratio of 1.87 and a beta of 1.27. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $241.97 and a two-hundred day moving average price of $248.73. Accenture PLC has a twelve month low of $188.73 and a twelve month high of $326.73.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. Accenture’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities 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 was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ACN shares. Piper Sandler set a $282.00 price target on shares of Accenture in a research report on Thursday, March 5th. Argus lowered their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Accenture from $280.00 to $230.00 and set a “hold” rating for the company in a research report on Friday, March 6th. UBS Group cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Wolfe Research upped their price objective on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Sixteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.35.

Check Out Our Latest Report on Accenture

Insider Buying and Selling

In related news, CEO Julie Spellman Sweet sold 6,057 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the sale, the chief executive officer directly owned 15,255 shares in the company, valued at approximately $3,679,963.65. The trade was a 28.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 27,221 shares in the company, valued at $7,523,339.98. This trade represents a 12.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,088 shares of company stock valued at $5,970,434 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Accenture Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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