Renasant Bank Purchases 3,511 Shares of Accenture PLC $ACN

Renasant Bank grew its position in Accenture PLC (NYSE:ACN) by 393.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,404 shares of the information technology services provider’s stock after acquiring an additional 3,511 shares during the period. Renasant Bank’s holdings in Accenture were worth $1,086,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Capital Advisors Ltd. LLC grew its holdings in shares of Accenture by 3.5% during the second quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock worth $363,000 after purchasing an additional 41 shares during the last quarter. Omnia Family Wealth LLC grew its holdings in Accenture by 5.2% during the 2nd quarter. Omnia Family Wealth LLC now owns 847 shares of the information technology services provider’s stock worth $253,000 after acquiring an additional 42 shares during the last quarter. SkyView Investment Advisors LLC increased its position in Accenture by 1.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after acquiring an additional 43 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Accenture by 3.6% in the second quarter. Harbour Investments Inc. now owns 1,274 shares of the information technology services provider’s stock worth $381,000 after acquiring an additional 44 shares during the last quarter. Finally, Alpha Cubed Investments LLC grew its stake in shares of Accenture by 6.4% during the second quarter. Alpha Cubed Investments LLC now owns 744 shares of the information technology services provider’s stock valued at $222,000 after purchasing an additional 45 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACN has been the topic of several research reports. Berenberg Bank initiated coverage on Accenture in a report on Thursday, January 22nd. They set a “buy” rating and a $313.00 price objective on the stock. Argus decreased their price target on Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Wolfe Research boosted their price objective on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. BMO Capital Markets reiterated a “market perform” rating and set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Finally, Truist Financial began coverage on shares of Accenture in a report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price objective on the stock. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $298.38.

Accenture Stock Up 3.2%

Shares of NYSE ACN opened at $240.95 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $392.02. The firm has a 50 day moving average price of $270.21 and a 200 day moving average price of $256.75. The stock has a market cap of $148.33 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.25 and a beta of 1.24.

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

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. Accenture’s dividend payout ratio (DPR) is currently 53.88%.

Insider Transactions at Accenture

In other Accenture news, General Counsel Joel Unruch sold 1,026 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was 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 owned 27,181 shares of the company’s stock, valued at $7,656,887.70. This represents a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 1,694 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $288.30, for a total transaction of $488,380.20. Following the transaction, the chief executive officer owned 37,346 shares of the company’s stock, valued at $10,766,851.80. The trade was a 4.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 16,031 shares of company stock worth $4,509,304. Corporate insiders own 0.02% of the company’s stock.

Accenture 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.