Russell Investments Group Ltd. Has $253.03 Million Holdings in Accenture PLC $ACN

Russell Investments Group Ltd. grew its holdings in Accenture PLC (NYSE:ACNFree Report) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,025,939 shares of the information technology services provider’s stock after purchasing an additional 97,459 shares during the period. Russell Investments Group Ltd. owned about 0.16% of Accenture worth $253,026,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Investors Research Corp grew its position in 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 position in Accenture by 132.6% in the 3rd 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 in the last quarter. Davis Capital Management acquired a new stake in shares of Accenture during the 3rd quarter valued at $28,000. Elevation Wealth Partners LLC grew its holdings 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 valued at $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Accenture in the third quarter worth $32,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACN has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, January 8th. Berenberg Bank initiated coverage on Accenture in a research note on Thursday, January 22nd. They set a “buy” rating and a $313.00 price target for the company. Truist Financial assumed coverage on Accenture in a research note on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price target for the company. TD Cowen restated a “buy” rating on shares of Accenture in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Accenture from $280.00 to $230.00 and set a “hold” rating on the stock in a research report on Friday. Sixteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $291.69.

Read Our Latest Analysis on ACN

More Accenture News

Here are the key news stories impacting Accenture this week:

Accenture Stock Performance

ACN opened at $217.12 on Monday. 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 cap of $133.66 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The stock has a 50-day moving average of $248.64 and a 200-day moving average of $250.63. Accenture PLC has a 52-week low of $188.73 and a 52-week high of $342.89.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The business 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 firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $3.59 EPS. 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 fiscal year.

Accenture Announces Dividend

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 3.0%. The ex-dividend date was Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Insider Buying and Selling at Accenture

In other news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total value of $1,101,650.68. Following the sale, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. This trade represents a 12.77% 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, COO Catherine Kiernan Hogan sold 660 shares of Accenture stock in a transaction dated 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 transaction, the chief operating officer owned 12,688 shares in the company, valued at $3,564,439.84. The trade was a 4.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,088 shares of company stock worth $5,970,434 in the last quarter. 0.02% of the stock is owned by corporate insiders.

Accenture Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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