Kovitz Investment Group Partners LLC Has $113.34 Million Stock Holdings in Accenture PLC $ACN

Kovitz Investment Group Partners LLC raised its stake in shares of Accenture PLC (NYSE:ACN) by 412.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 459,617 shares of the information technology services provider’s stock after purchasing an additional 369,927 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Accenture were worth $113,341,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Investors Research Corp boosted its stake in Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 61 shares during the period. Davis Capital Management acquired a new stake in shares of Accenture in the 3rd quarter valued at $28,000. Elevation Wealth Partners LLC grew its holdings in shares of Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Accenture during the 3rd quarter worth about $32,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Accenture news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Manish Sharma sold 2,731 shares of the company’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 sale, the insider owned 7,057 shares of the company’s stock, valued at $2,033,333.41. The trade was a 27.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Performance

ACN stock opened at $215.45 on Friday. The stock has a market capitalization of $132.63 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. 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 company has a 50 day moving average price of $261.67 and a 200 day moving average price of $253.35. Accenture PLC has a fifty-two week low of $211.06 and a fifty-two week high of $382.77.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same period last year, the firm earned $3.59 EPS. The business’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. Analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders 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 yield of 3.0%. Accenture’s dividend payout ratio is presently 53.88%.

Analysts Set New Price Targets

ACN has been the topic of a number of recent analyst reports. UBS Group lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Jefferies Financial Group lifted their target price on shares of Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research note on Thursday, January 8th. BMO Capital Markets restated a “market perform” rating and set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Wolfe Research raised their price target on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Finally, Evercore reissued an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.38.

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.