10,369 Shares in Accenture PLC $ACN Acquired by CenterStar Asset Management LLC

CenterStar Asset Management LLC acquired a new stake in Accenture PLC (NYSE:ACN) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,369 shares of the information technology services provider’s stock, valued at approximately $2,559,000. Accenture makes up about 0.5% of CenterStar Asset Management LLC’s portfolio, making the stock its 11th largest holding.

Several other large investors also recently modified their holdings of ACN. Investors Research Corp lifted its position in Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Accenture by 132.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 73 shares during the period. Heartwood Wealth Advisors LLC acquired a new stake in shares of Accenture during the 3rd quarter worth approximately $32,000. Finally, RMG Wealth Management LLC bought a new position in Accenture in the second quarter valued at approximately $33,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank Of Canada set a $300.00 target price on Accenture in a research note on Thursday, December 18th. BNP Paribas Exane dropped their price objective on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Cowen reiterated a “buy” rating on shares of Accenture in a research report on Friday, September 26th. Rothschild & Co Redburn increased their target price on shares of Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average price target of $296.83.

Accenture Stock Performance

Shares of Accenture stock opened at $269.94 on Wednesday. The stock has a market cap of $166.18 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 2.62 and a beta of 1.26. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company’s fifty day moving average is $256.83 and its 200 day moving average is $261.05. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS 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 the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

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 issued a dividend of $1.63 per share. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.4%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Insider Transactions at Accenture

In related news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the transaction, the insider owned 1,860 shares in the company, valued at $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the sale, the chief executive officer owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 33,319 shares of company stock worth $8,335,225. Company insiders own 0.02% of the company’s stock.

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.