Alberta Investment Management Corp Invests $7 Million in Accenture PLC $ACN

Alberta Investment Management Corp acquired a new stake in Accenture PLC (NYSE:ACN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 28,400 shares of the information technology services provider’s stock, valued at approximately $7,003,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACN. Investors Research Corp boosted its stake in shares of Accenture by 73.8% during the third 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 in the last quarter. Harbor Capital Advisors Inc. lifted its holdings 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 worth $26,000 after buying an additional 61 shares during the period. Davis Capital Management bought a new stake in Accenture during the 3rd quarter valued at $28,000. Elevation Wealth Partners LLC increased 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 valued at $30,000 after acquiring an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Accenture in the 3rd quarter worth $32,000. 75.14% of the stock is currently owned by institutional investors.

Accenture Price Performance

NYSE ACN opened at $223.60 on Thursday. The company has a market cap of $137.65 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.12 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 stock’s fifty day moving average price is $263.92 and its 200 day moving average price is $253.87. Accenture PLC has a 1 year low of $215.16 and a 1 year high of $392.02.

Accenture (NYSE:ACN) last posted 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. 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 the consensus estimate of $18.51 billion. During the same quarter in the previous year, the business earned $3.59 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently declared 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 of this dividend was Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.9%. Accenture’s dividend payout ratio (DPR) is currently 53.88%.

Analyst Ratings Changes

Several research firms have issued reports on ACN. Berenberg Bank initiated coverage on Accenture in a research note on Thursday, January 22nd. They issued a “buy” rating and a $313.00 target price on the stock. Wells Fargo & Company boosted their price objective on shares of Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. BMO Capital Markets restated a “market perform” rating and issued a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. Rothschild & Co Redburn upped their price target on Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Finally, Royal Bank Of Canada set a $300.00 target price on Accenture in a research note on Thursday, December 18th. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $298.38.

Insider Buying and Selling at Accenture

In other news, CEO John F. Walsh sold 3,986 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 6,057 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the transaction, the chief executive officer owned 15,255 shares of the company’s stock, valued at $3,679,963.65. This represents a 28.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 22,088 shares of company stock worth $5,970,434. 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.