King Luther Capital Management Corp Sells 60,882 Shares of Accenture PLC $ACN

King Luther Capital Management Corp reduced its position in Accenture PLC (NYSE:ACN) by 25.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 179,405 shares of the information technology services provider’s stock after selling 60,882 shares during the period. King Luther Capital Management Corp’s holdings in Accenture were worth $44,241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sanders Capital LLC purchased a new position in Accenture during the 2nd quarter worth $2,637,640,000. Norges Bank purchased a new stake in shares of Accenture during the second quarter worth about $2,216,850,000. Vanguard Group Inc. increased its holdings in shares of Accenture by 2.1% during the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock valued at $19,466,641,000 after acquiring an additional 1,315,548 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Accenture by 12.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock worth $2,502,446,000 after purchasing an additional 1,148,970 shares in the last quarter. Finally, Flossbach Von Storch SE grew its position in Accenture by 48.0% during the 2nd quarter. Flossbach Von Storch SE now owns 2,408,800 shares of the information technology services provider’s stock worth $719,966,000 after purchasing an additional 781,211 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 1.7%

ACN stock opened at $223.60 on Thursday. Accenture PLC has a 52-week low of $215.16 and a 52-week high of $392.02. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a market cap of $137.65 billion, a P/E ratio of 18.48, a PEG ratio of 2.12 and a beta of 1.24. The company’s 50-day simple moving average is $263.92 and its 200-day simple 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, beating the consensus estimate of $3.73 by $0.21. The firm had revenue of $18.74 billion during 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 revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on ACN. Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. UBS Group lowered Accenture from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Guggenheim raised their price target on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Accenture in a report on Thursday, December 18th. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $298.38.

Insider Buying and Selling

In related news, CEO John F. Walsh sold 3,986 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the completion of the transaction, the chief executive officer owned 27,221 shares in the company, valued at $7,523,339.98. This represents a 12.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 sale, the chief accounting officer owned 8,179 shares in the company, valued at approximately $2,298,380.79. The trade was a 30.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,088 shares of company stock worth $5,970,434 in the last 90 days. 0.02% of the stock is owned by insiders.

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.