Davis R M Inc. Has $15.06 Million Stake in Accenture PLC $ACN

Davis R M Inc. lowered its holdings in shares of Accenture PLC (NYSE:ACN) by 58.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,085 shares of the information technology services provider’s stock after selling 87,103 shares during the period. Davis R M Inc.’s holdings in Accenture were worth $15,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased 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 period. State Street Corp grew its stake in shares of Accenture by 1.2% in the 2nd quarter. State Street Corp now owns 28,016,605 shares of the information technology services provider’s stock valued at $8,373,925,000 after purchasing an additional 326,979 shares during the period. Geode Capital Management LLC raised its holdings in shares of Accenture by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider’s stock worth $4,182,331,000 after buying an additional 147,931 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of 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 buying an additional 1,148,970 shares during the period. Finally, Sanders Capital LLC acquired a new stake in Accenture in the 2nd quarter valued at $2,637,640,000. 75.14% of the stock is owned by institutional investors.

Accenture Stock Performance

ACN stock opened at $208.35 on Monday. The company has a 50 day moving average price of $254.50 and a 200 day moving average price of $251.99. Accenture PLC has a fifty-two week low of $188.73 and a fifty-two week high of $359.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $128.26 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

Accenture (NYSE:ACN) last released its earnings results 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 analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were given a dividend of $1.63 per share. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 3.1%. Accenture’s dividend payout ratio is presently 53.88%.

Insider Buying and Selling

In other Accenture news, CEO John F. Walsh sold 3,986 shares of Accenture 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. The trade was a 12.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Manish Sharma sold 2,731 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the sale, the insider owned 7,057 shares of the company’s stock, valued at $2,033,333.41. The trade was a 27.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ACN shares. HSBC lifted their price objective on Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Argus reduced their price target 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of Accenture in a report on Thursday, December 18th. Royal Bank Of Canada set a $300.00 target price on Accenture in a report on Thursday, December 18th. Finally, UBS Group cut Accenture from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $296.42.

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.