Comgest Global Investors S.A.S. Has $104.65 Million Position in Accenture PLC $ACN

Comgest Global Investors S.A.S. cut its stake in Accenture PLC (NYSE:ACN) by 51.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 424,381 shares of the information technology services provider’s stock after selling 446,029 shares during the quarter. Accenture makes up 1.9% of Comgest Global Investors S.A.S.’s portfolio, making the stock its 18th biggest holding. Comgest Global Investors S.A.S. owned 0.06% of Accenture worth $104,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Investors Research Corp increased its holdings in shares of Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position 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 purchasing an additional 61 shares during the period. Davis Capital Management bought a new position in shares of Accenture in the third quarter valued at approximately $28,000. Elevation Wealth Partners LLC lifted its stake in shares of Accenture by 146.0% in the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after buying an additional 73 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in Accenture in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

NYSE ACN opened at $223.60 on Thursday. Accenture PLC has a twelve month low of $215.16 and a twelve month high of $392.02. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a market cap of $137.65 billion, a P/E ratio of 18.48, a PEG ratio of 2.12 and a beta of 1.24. The company’s 50-day simple moving average is $263.92 and its 200 day simple moving average is $253.87.

Accenture (NYSE:ACN) last released 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. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same period in the previous year, the business earned $3.59 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Analyst Ratings Changes

A number of research firms have issued reports on ACN. UBS Group cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Guggenheim lifted their price target on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Evercore restated an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Susquehanna upped their target price on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Sixteen equities 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $298.38.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total value of $1,461,130.11. Following the sale, the chief executive officer owned 15,255 shares of the company’s stock, valued at approximately $3,679,963.65. This represents a 28.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Catherine Kiernan Hogan sold 660 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $280.93, for a total transaction of $185,413.80. Following the completion of the transaction, the chief operating officer owned 12,688 shares in the company, valued at approximately $3,564,439.84. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,088 shares of company stock worth $5,970,434 in the last three months. Company 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.