Mcrae Capital Management Inc. Buys 16,560 Shares of Accenture PLC $ACN

Mcrae Capital Management Inc. lifted its stake in Accenture PLC (NYSE:ACN) by 59.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,545 shares of the information technology services provider’s stock after acquiring an additional 16,560 shares during the quarter. Accenture accounts for about 2.2% of Mcrae Capital Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Mcrae Capital Management Inc.’s holdings in Accenture were worth $10,985,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investors Research Corp grew its stake in shares of Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. raised its position in Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 61 shares during the period. Davis Capital Management purchased a new position in shares of Accenture during the 3rd quarter worth $28,000. Elevation Wealth Partners LLC grew its position 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 valued at $30,000 after acquiring an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Accenture in the 3rd quarter worth $32,000. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

NYSE:ACN opened at $223.60 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $137.65 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.12 and a beta of 1.24. Accenture PLC has a 12 month low of $215.16 and a 12 month high of $392.02. The business’s 50-day moving average is $263.92 and its 200 day moving average is $253.87.

Accenture (NYSE:ACN) last announced its quarterly 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. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the previous year, the business posted $3.59 earnings per share. Accenture’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 1,332 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total value of $366,300.00. Following the completion of the sale, the general counsel directly owned 28,207 shares in the company, valued at $7,756,925. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Manish Sharma sold 2,731 shares of the business’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 transaction, the insider owned 7,057 shares in the company, valued at $2,033,333.41. This trade represents a 27.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ACN has been the subject of several recent research reports. Argus cut their price target on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a report on Monday, December 29th. Royal Bank Of Canada set a $300.00 price objective on Accenture in a research note on Thursday, December 18th. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 price objective on shares of Accenture in a research note on Thursday, December 18th. BMO Capital Markets restated a “market perform” rating and set a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $298.38.

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.