Hutchinson Capital Management CA Purchases 13,342 Shares of Accenture PLC $ACN

Hutchinson Capital Management CA increased its position in shares of Accenture PLC (NYSE:ACN) by 37.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,195 shares of the information technology services provider’s stock after purchasing an additional 13,342 shares during the period. Accenture accounts for 2.1% of Hutchinson Capital Management CA’s portfolio, making the stock its 21st largest holding. Hutchinson Capital Management CA’s holdings in Accenture were worth $12,131,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ACN. Sanders Capital LLC bought a new position in shares of Accenture in the second quarter worth about $2,637,640,000. Norges Bank purchased a new position in Accenture in the 2nd quarter worth approximately $2,216,850,000. Vanguard Group Inc. boosted its stake in Accenture by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after purchasing an additional 1,315,548 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in 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 valued at $2,502,446,000 after buying an additional 1,148,970 shares in the last quarter. Finally, Flossbach Von Storch SE raised its position in shares of Accenture by 48.0% during the second quarter. Flossbach Von Storch SE now owns 2,408,800 shares of the information technology services provider’s stock valued at $719,966,000 after buying an additional 781,211 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

NYSE:ACN opened at $205.99 on Tuesday. The firm has a market capitalization of $126.81 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 2.01 and a beta of 1.28. 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 business has a 50 day simple moving average of $253.21 and a 200-day simple moving average of $251.71. Accenture PLC has a 1 year low of $188.73 and a 1 year high of $351.99.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.Accenture’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities 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 was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio is presently 53.88%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. HSBC upped their target price on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. UBS Group cut Accenture from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Rothschild & Co Redburn boosted their target price on Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft raised their price target on Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a report on Monday, January 26th. Finally, Argus decreased their price objective on Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $296.42.

Insider Buying and Selling

In related news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was 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 directly owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. This trade represents a 12.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the general counsel directly owned 27,181 shares in the company, valued at $7,656,887.70. This trade represents a 3.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,088 shares of company stock worth $5,970,434 over the last three months. 0.02% of the stock is currently owned by company insiders.

About Accenture

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.