Mirae Asset Global Investments Co. Ltd. Purchases 22,897 Shares of Accenture PLC $ACN

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Accenture PLC (NYSE:ACN) by 32.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,784 shares of the information technology services provider’s stock after purchasing an additional 22,897 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Accenture were worth $23,127,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ACN. Investors Research Corp grew its holdings in shares of Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in 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 buying an additional 61 shares during the period. Davis Capital Management bought a new position in shares of Accenture during the third quarter valued at about $28,000. Elevation Wealth Partners LLC increased its holdings in shares of Accenture by 146.0% in the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after buying an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Accenture in the 3rd quarter valued at about $32,000. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Down 3.5%

Shares of ACN opened at $261.01 on Friday. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The firm has a market capitalization of $160.68 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.60 and a beta of 1.25. The firm’s 50-day moving average price is $270.28 and its 200-day moving average price is $258.11. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last posted its quarterly earnings data 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. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. During the same period in the previous year, the firm posted $3.59 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be given a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.5%. Accenture’s dividend payout ratio is currently 53.88%.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of analyst reports. TD Cowen lifted their price target on Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Evercore ISI reiterated an “outperform” rating and set a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. BMO Capital Markets reissued a “market perform” rating and issued a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Finally, Dbs Bank raised Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $298.38.

Insider Buying and Selling

In related news, insider Manish Sharma sold 2,731 shares of the business’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $1,101,650.68. Following the transaction, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at $7,523,339.98. This represents a 12.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,934 shares of company stock worth $5,965,166 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

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.