Varma Mutual Pension Insurance Co Lowers Stock Holdings in Accenture PLC $ACN

Varma Mutual Pension Insurance Co lowered its stake in Accenture PLC (NYSE:ACN) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,786 shares of the information technology services provider’s stock after selling 6,800 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Accenture were worth $21,401,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Running Oak Capital LLC lifted its position in Accenture by 14.3% in the 3rd 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 in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Accenture in the second quarter worth $2,658,000. C WorldWide Group Holding A S boosted its position in shares of Accenture by 35.9% during the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after buying an additional 2,151 shares during the last quarter. Norges Bank purchased a new position in Accenture in the 2nd quarter worth about $2,216,850,000. Finally, D.A. Davidson & CO. lifted its stake in Accenture by 17.4% during the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock valued at $63,771,000 after acquiring an additional 38,325 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In related news, CAO Melissa A. Burgum sold 3,588 shares of Accenture stock in a transaction on Monday, January 26th. The shares were sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Catherine Kiernan Hogan sold 660 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $280.93, for a total value of $185,413.80. Following the completion of the sale, the chief operating officer owned 12,688 shares of the company’s stock, valued at $3,564,439.84. The trade was a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 22,088 shares of company stock valued at $5,970,434. Company insiders own 0.02% of the company’s stock.

Accenture Price Performance

NYSE ACN opened at $230.57 on Thursday. The business’s fifty day moving average is $268.54 and its 200 day moving average is $255.54. Accenture PLC has a fifty-two week low of $228.83 and a fifty-two week high of $392.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $141.94 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate of $3.73 by $0.21. The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter 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 predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

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

Wall Street Analyst Weigh In

ACN has been the subject of a number of research analyst reports. Rothschild & Co Redburn lifted their price target on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of Accenture in a research report on Thursday, December 18th. Wolfe Research increased 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. HSBC raised their price target on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Finally, Susquehanna increased their target price on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given 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 target price of $298.38.

Accenture 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.