Carderock Capital Management Inc. Has $1.23 Million Stake in Accenture PLC $ACN

Carderock Capital Management Inc. lowered its stake in shares of Accenture PLC (NYSE:ACN) by 77.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,600 shares of the information technology services provider’s stock after selling 15,681 shares during the period. Carderock Capital Management Inc.’s holdings in Accenture were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Investors Research Corp increased its stake in Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Accenture in the 3rd quarter valued at $26,000. Board of the Pension Protection Fund bought a new stake in shares of Accenture in the 4th quarter valued at $27,000. Finally, Davis Capital Management bought a new stake in Accenture during the 3rd quarter worth approximately $28,000. 75.14% of the stock is owned by institutional investors.

Accenture Trading Down 0.0%

Accenture stock opened at $199.95 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a 50-day moving average of $232.76 and a 200-day moving average of $246.26. The company has a market cap of $123.09 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.90 and a beta of 1.28. Accenture PLC has a one year low of $187.00 and a one year high of $325.71.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 19th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.09. The business had revenue of $18.04 billion for the quarter, compared to analyst estimates of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.Accenture’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 earnings per share. On average, equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, April 9th. Accenture’s dividend payout ratio is presently 53.40%.

Accenture News Summary

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: HSBC upgraded Accenture, which can help investor sentiment and support the stock. Article Title
• Positive Sentiment: Accenture announced an investment in DaVinci Commerce to advance agentic AI-powered shopping — a strategic move that reinforces Accenture’s push into AI-driven commerce and could boost long‑term revenue opportunities in digital/AI services. Article Title
• Positive Sentiment: An unspecified analyst/firm raised a price target to $247, providing some upward support amid other cuts. Article Title
• Neutral Sentiment: Mizuho cut its price target from $309 to $280 but maintained an “outperform” rating — a mixed signal: the lower target trims upside expectations, but the continued outperform rating is supportive. Article Title
• Negative Sentiment: Guggenheim reduced its price target to $250, which contributes to downward pressure on the stock. Article Title
• Negative Sentiment: RBC trimmed its price target to $253, another analyst cut weighing on sentiment. Article Title
• Negative Sentiment: BMO Capital Markets lowered its price target to $230, adding further downward pressure. Article Title
• Negative Sentiment: Robert W. Baird cut its price target to $265, another incremental hit to analyst consensus targets. Article Title

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley dropped their price objective on shares of Accenture from $320.00 to $240.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Deutsche Bank Aktiengesellschaft lowered their target price on Accenture from $280.00 to $230.00 and set a “hold” rating for the company in a report on Friday, March 6th. JPMorgan Chase & Co. boosted their price target on Accenture from $243.00 to $247.00 and gave the company an “overweight” rating in a report on Friday. HSBC raised Accenture from a “reduce” rating to a “hold” rating and set a $220.00 price objective for the company in a research report on Friday. Finally, UBS Group reissued a “buy” rating on shares of Accenture in a research report on Tuesday, March 17th. Eighteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.88.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 6,057 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the completion of the sale, the chief executive officer owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. This represents a 12.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 22,088 shares of company stock valued at $5,970,434 in the last ninety days. 0.02% of the stock is currently owned by insiders.

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.