Bank of Montreal Can Increases Holdings in Accenture PLC $ACN

Bank of Montreal Can grew its holdings in Accenture PLC (NYSE:ACN) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,267,482 shares of the information technology services provider’s stock after buying an additional 33,798 shares during the quarter. Bank of Montreal Can owned approximately 0.19% of Accenture worth $312,561,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC raised its holdings in Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after purchasing an additional 4,905 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Accenture by 46.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after purchasing an additional 660 shares in the last quarter. United Bank increased its position in shares of Accenture by 49.8% during the second quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock valued at $1,088,000 after buying an additional 1,209 shares during the period. AE Wealth Management LLC raised its stake in Accenture by 69.7% in the second quarter. AE Wealth Management LLC now owns 7,097 shares of the information technology services provider’s stock worth $2,121,000 after buying an additional 2,914 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Accenture by 95.3% in the second quarter. Los Angeles Capital Management LLC now owns 6,035 shares of the information technology services provider’s stock worth $1,804,000 after buying an additional 2,945 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Melissa A. Burgum sold 3,588 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $281.01, for a total value of $1,008,263.88. Following the completion of the transaction, the chief accounting officer owned 8,179 shares in the company, valued at $2,298,380.79. The trade was a 30.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Joel Unruch sold 1,026 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $281.70, for a total value of $289,024.20. Following the transaction, the general counsel directly owned 27,181 shares in the company, valued at approximately $7,656,887.70. The trade was a 3.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Royal Bank Of Canada set a $300.00 target price on Accenture in a research note on Thursday, December 18th. Argus reduced their price target on Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. Truist Financial started coverage on Accenture in a report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price objective for the company. Finally, Wolfe Research raised their price objective on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $291.69.

Accenture Stock Down 2.7%

NYSE:ACN opened at $209.18 on Tuesday. 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 firm has a market cap of $128.77 billion, a P/E ratio of 17.29, a P/E/G ratio of 2.07 and a beta of 1.28. Accenture PLC has a fifty-two week low of $188.73 and a fifty-two week high of $339.90. The firm has a 50-day simple moving average of $247.40 and a two-hundred day simple moving average of $250.32.

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

Accenture Dividend Announcement

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

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.