Ninety One SA PTY Ltd Takes Position in Accenture PLC $ACN

Ninety One SA PTY Ltd bought a new stake in shares of Accenture PLC (NYSE:ACN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,820 shares of the information technology services provider’s stock, valued at approximately $1,202,000.

Other hedge funds also recently made changes to their positions in the company. Investors Research Corp boosted its holdings in Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Accenture by 132.6% during the 3rd 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 last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new position in shares of Accenture in the 3rd quarter worth $32,000. Finally, RMG Wealth Management LLC purchased a new position in Accenture in the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 0.6%

ACN stock opened at $268.44 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 firm has a market cap of $165.25 billion, a PE ratio of 22.19, a PEG ratio of 2.60 and a beta of 1.26. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a fifty day simple moving average of $257.22 and a 200 day simple moving average of $261.10.

Accenture (NYSE:ACN) last posted its 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 company had revenue of $18.74 billion for 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%.The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $3.59 earnings per share. 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 fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Insider Activity at Accenture

In other news, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the transaction, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on ACN shares. Citigroup raised shares of Accenture to a “hold” rating in a research report on Thursday, October 23rd. Jefferies Financial Group lifted their price objective on shares of Accenture from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 10th. Robert W. Baird cut their target price on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Finally, Morgan Stanley lowered their target price on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $296.83.

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.