Hendershot Investments Inc. Buys 6,722 Shares of Accenture PLC $ACN

Hendershot Investments Inc. raised its position in shares of Accenture PLC (NYSE:ACN) by 22.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,124 shares of the information technology services provider’s stock after buying an additional 6,722 shares during the period. Accenture comprises 1.2% of Hendershot Investments Inc.’s portfolio, making the stock its 29th biggest position. Hendershot Investments Inc.’s holdings in Accenture were worth $9,155,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Running Oak Capital LLC grew its position in shares of Accenture by 14.3% during the 3rd quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock worth $14,190,000 after buying an additional 7,190 shares during the period. Global Retirement Partners LLC acquired a new position in Accenture in the second quarter valued at about $2,658,000. C WorldWide Group Holding A S grew its position in shares of Accenture by 35.9% in the 2nd 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 purchasing an additional 2,151 shares during the period. Weitz Investment Management Inc. increased its position in shares of Accenture by 28.8% during the third quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider’s stock worth $39,592,000 after acquiring an additional 35,900 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Accenture in the 2nd quarter valued at about $2,216,850,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

NYSE:ACN opened at $208.35 on Friday. The stock’s 50-day moving average is $254.50 and its 200-day moving average is $251.95. The stock has a market cap of $128.26 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. Accenture PLC has a 1-year low of $188.73 and a 1-year high of $359.14. 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 issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 10.76% and a return on equity of 26.65%. Accenture’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ACN shares. Truist Financial started coverage on shares of Accenture in a research report on Tuesday, January 6th. They set a “buy” rating and a $317.00 price target on the stock. Royal Bank Of Canada set a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft increased their target price on Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Evercore reissued an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. Finally, Wolfe Research raised their price target on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $296.42.

Insider Transactions at Accenture

In other news, insider Manish Sharma sold 2,731 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total value of $786,883.03. Following the transaction, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Melissa A. Burgum sold 3,588 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $281.01, for a total value of $1,008,263.88. Following the completion of the transaction, the chief accounting officer directly owned 8,179 shares in the company, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

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.