Mirova lessened its stake in Accenture PLC (NYSE:ACN – Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 121,629 shares of the information technology services provider’s stock after selling 4,283 shares during the quarter. Accenture comprises about 4.2% of Mirova’s holdings, making the stock its 4th largest holding. Mirova’s holdings in Accenture were worth $29,994,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Investors Research Corp increased its stake in shares of Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. boosted 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. Triumph Capital Management purchased a new stake in shares of Accenture in the third quarter valued at about $26,000. Davis Capital Management acquired a new stake in Accenture during the third quarter worth about $28,000. Finally, Elevation Wealth Partners LLC raised its stake in Accenture by 146.0% during the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on ACN. BMO Capital Markets reissued a “market perform” rating and issued a $300.00 price target on shares of Accenture in a research note on Thursday, December 18th. Wolfe Research lifted their price target on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Rothschild & Co Redburn increased their price objective on Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Citigroup cut their target price on Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Finally, HSBC upped their price target on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Eighteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $286.19.
Insiders Place Their Bets
In other Accenture news, CEO John F. Walsh sold 3,986 shares of Accenture 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 completion of the transaction, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at $7,523,339.98. The trade was a 12.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 6,057 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the sale, the chief executive officer owned 15,255 shares in the company, valued at $3,679,963.65. This trade 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 three months, insiders sold 22,088 shares of company stock valued at $5,970,434. Insiders own 0.02% of the company’s stock.
Accenture Stock Performance
Shares of ACN stock opened at $194.77 on Thursday. 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 firm has a market cap of $119.90 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.88 and a beta of 1.27. The firm’s 50 day moving average price is $237.56 and its 200-day moving average price is $247.47. Accenture PLC has a one year low of $188.73 and a one year high of $326.73.
Accenture (NYSE:ACN – Get Free Report) last posted its earnings results on Thursday, March 19th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.06. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The firm had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.80 billion. As a group, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current year.
More Accenture News
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture’s history of topping estimates and the view that it has the key drivers to beat again supports upside expectations into earnings. Will Accenture (ACN) Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: Strategic AI partnerships (Databricks; a forward‑deployed engineering strategy with Microsoft) bolster Accenture’s revenue pipeline in high‑growth GenAI services and validate long‑term demand for its enterprise AI work. Accenture, Databricks Enable Enterprise Adoption of AI Apps and Agents Accenture and Microsoft form forward deployed engineering strategy to deliver enterprise AI
- Positive Sentiment: Accenture is part of an expanded RELEX / Lowe’s supply‑chain modernization engagement, reinforcing its role on large retail transformation projects. RELEX Solutions Announces Expanded Partnership with Lowe’s to Strengthen Their Supply Chain Agility
- Positive Sentiment: A modest institutional buy (Achmea increased its position) is a small vote of confidence from a long‑term investor. Achmea Investment Management B.V. Increases Stock Position in Accenture PLC $ACN
- Neutral Sentiment: Pre‑earnings previews and coverage highlight what to watch (bookings, margins, guidance) but add information rather than a clear directional catalyst. Accenture (ACN) Q1 Earnings Report Preview: What To Look For
- Neutral Sentiment: Analysis noting Accenture’s cheaper valuation versus historical highs but flagging talent‑cost pressure and weak recent price performance creates mixed buy/sell signals. Is Accenture’s Cheap Valuation Reason Enough to Invest in the Stock?
- Negative Sentiment: TD Cowen trimmed its price target (to $275), signaling less upside from current levels and pressuring near‑term sentiment. TD Cowen Cuts PT on Accenture plc (ACN) to $275 From $282 – Here’s Why
- Negative Sentiment: Morgan Stanley lowered its price target substantially (to $240) and highlighted weakening bookings and a talent mix shift — comments that weigh on expectations ahead of the print. Morgan Stanley Updates Accenture (ACN) View on Weak Bookings and Talent Shift
- Negative Sentiment: Market commentary warns traders expect a large post‑earnings move — some expect downside risk that could push the stock toward multi‑year lows if results disappoint. Here’s How Much Accenture Stock Is Expected to Move After Earnings
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.
See Also
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