Calydon Capital Has $459,000 Stock Holdings in Accenture PLC $ACN

Calydon Capital decreased its holdings in Accenture PLC (NYSE:ACNFree Report) by 69.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,861 shares of the information technology services provider’s stock after selling 4,192 shares during the quarter. Calydon Capital’s holdings in Accenture were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Running Oak Capital LLC grew its holdings in shares of Accenture by 14.3% during the 3rd quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock worth $14,190,000 after purchasing an additional 7,190 shares in the last quarter. Global Retirement Partners LLC bought a new position in Accenture in the second quarter valued at approximately $2,658,000. Weitz Investment Management Inc. lifted its position in shares of Accenture by 28.8% during the 3rd quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider’s stock worth $39,592,000 after buying an additional 35,900 shares during the last quarter. Norges Bank bought a new position in shares of Accenture in the second quarter worth about $2,216,850,000. Finally, D.A. Davidson & CO. increased its holdings in shares of Accenture by 17.4% during the third quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock worth $63,771,000 after buying an additional 38,325 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Key Headlines Impacting Accenture

Here are the key news stories impacting Accenture this week:

Accenture Trading Up 0.2%

NYSE ACN opened at $196.41 on Monday. The company has a market capitalization of $120.91 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.87 and a beta of 1.28. The stock’s 50-day simple moving average is $241.97 and its two-hundred day simple moving average is $248.67. 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 PLC has a twelve month low of $188.73 and a twelve month high of $326.73.

Accenture (NYSE:ACNGet Free Report) last issued 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. 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 the consensus estimate of $18.51 billion. During the same period in the previous year, the firm earned $3.59 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ACN shares. Guggenheim dropped their price target on shares of Accenture from $305.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Wells Fargo & Company increased their price target on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Evercore restated an “outperform” rating and issued a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. Wolfe Research boosted their price objective on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Finally, Jefferies Financial Group lifted their price objective on shares of Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $288.35.

View Our Latest Analysis on Accenture

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 6,057 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the completion of the transaction, the chief executive officer directly owned 15,255 shares in the company, valued at $3,679,963.65. This trade represents a 28.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Melissa A. Burgum sold 3,588 shares of Accenture stock in a transaction dated 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 directly owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This represents a 30.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is currently owned by company insiders.

Accenture Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACNFree Report).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.