13,492 Accenture PLC $ACN Shares Bought by MGO One Seven LLC

MGO One Seven LLC lifted its position in shares of Accenture PLC (NYSE:ACN) by 88.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,670 shares of the information technology services provider’s stock after acquiring an additional 13,492 shares during the period. MGO One Seven LLC’s holdings in Accenture were worth $5,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Patrick M Sweeney & Associates Inc. increased its position in Accenture by 2.0% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 2,249 shares of the information technology services provider’s stock valued at $412,000 after acquiring an additional 45 shares during the period. Alpine Bank Wealth Management increased its holdings in shares of Accenture by 18.3% during the third quarter. Alpine Bank Wealth Management now owns 323 shares of the information technology services provider’s stock valued at $59,000 after purchasing an additional 50 shares during the period. Alliance Wealth Advisors LLC lifted its holdings in Accenture by 2.9% in the third quarter. Alliance Wealth Advisors LLC now owns 1,819 shares of the information technology services provider’s stock worth $334,000 after purchasing an additional 51 shares during the period. Hibernia Wealth Partners LLC lifted its holdings in Accenture by 4.5% in the first quarter. Hibernia Wealth Partners LLC now owns 1,354 shares of the information technology services provider’s stock worth $269,000 after purchasing an additional 58 shares during the period. Finally, GS Investments Inc. grew its position in Accenture by 0.5% in the 1st quarter. GS Investments Inc. now owns 12,415 shares of the information technology services provider’s stock valued at $2,462,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other Accenture news, Director Paula Price acquired 800 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was purchased at an average cost of $249.81 per share, for a total transaction of $199,848.00. Following the completion of the acquisition, the director owned 9,361 shares of the company’s stock, valued at approximately $2,338,471.41. This trade represents a 9.34% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryoji Sekido sold 5,844 shares of the business’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $244.84, for a total value of $1,430,844.96. Following the completion of the sale, the chief executive officer directly owned 1,194 shares of the company’s stock, valued at $292,338.96. This represents a 83.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,675 shares of company stock valued at $2,047,563. Insiders own 0.02% of the company’s stock.

Accenture Trading Up 1.3%

NYSE:ACN opened at $261.47 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09. The stock’s 50-day moving average is $204.28 and its two-hundred day moving average is $192.36. The stock has a market cap of $154.54 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The company had revenue of $18.68 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same quarter last year, the business posted $3.03 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, equities research analysts forecast that Accenture PLC will post 14.68 earnings per share for the current fiscal year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This is a boost from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 2.6%. Accenture’s payout ratio is 50.44%.

Analyst Ratings Changes

ACN has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on Accenture from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, October 2nd. Mizuho boosted their price objective on Accenture from $226.00 to $241.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. upped their price objective on Accenture from $179.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, September 25th. Stifel Nicolaus set a $242.00 target price on Accenture in a research note on Thursday, October 15th. Finally, Jefferies Financial Group set a $220.00 target price on Accenture in a report on Friday, October 2nd. Ten analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, Accenture presently has a consensus rating of “Hold” and an average target price of $221.07.

Accenture Company Profile

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.