Illinois Municipal Retirement Fund Has $17.12 Million Holdings in Accenture PLC $ACN

Illinois Municipal Retirement Fund raised its stake in shares of Accenture PLC (NYSE:ACN) by 7.0% in the 3rd quarter, Holdings Channel reports. The firm owned 69,414 shares of the information technology services provider’s stock after purchasing an additional 4,546 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Accenture were worth $17,117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Running Oak Capital LLC boosted its stake in Accenture by 14.3% in the third quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock valued at $14,190,000 after acquiring an additional 7,190 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Accenture in the second quarter valued at approximately $2,658,000. C WorldWide Group Holding A S increased its position in Accenture by 35.9% in the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock worth $2,435,000 after buying an additional 2,151 shares during the last quarter. Norges Bank bought a new position in shares of Accenture during the 2nd quarter worth $2,216,850,000. Finally, D.A. Davidson & CO. increased its holdings in Accenture by 17.4% in the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock worth $63,771,000 after acquiring an additional 38,325 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, COO Catherine Kiernan Hogan sold 660 shares of Accenture stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $280.93, for a total value of $185,413.80. Following the sale, the chief operating officer owned 12,688 shares in the company, valued at $3,564,439.84. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Joel Unruch sold 1,026 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $281.70, for a total transaction of $289,024.20. Following the sale, the general counsel directly owned 27,181 shares of the company’s stock, valued at $7,656,887.70. The trade was a 3.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on ACN. Guggenheim raised their target price on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Truist Financial initiated coverage on shares of Accenture in a research report on Tuesday, January 6th. They set a “buy” rating and a $317.00 price objective on the stock. Jefferies Financial Group boosted their target price on shares of Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a report on Thursday, January 8th. TD Cowen increased their target price on Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Evercore reissued an “outperform” rating and issued a $300.00 target price on shares of Accenture in a research report on Thursday, December 18th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $298.38.

Accenture Stock Down 4.3%

NYSE:ACN opened at $230.57 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 cap of $141.94 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24. The stock has a fifty day simple moving average of $268.54 and a 200-day simple moving average of $255.54. Accenture PLC has a twelve month low of $228.83 and a twelve month high of $392.02.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

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.