Korea Investment CORP Lowers Holdings in Accenture PLC $ACN

Korea Investment CORP reduced its stake in shares of Accenture PLC (NYSE:ACNFree Report) by 33.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 283,399 shares of the information technology services provider’s stock after selling 143,798 shares during the quarter. Korea Investment CORP’s holdings in Accenture were worth $69,886,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ACN. Brighton Jones LLC grew its holdings in Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares during the period. Sivia Capital Partners LLC boosted its position in Accenture by 46.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after purchasing an additional 660 shares in the last quarter. United Bank boosted its position in Accenture by 49.8% in the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after purchasing an additional 1,209 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Accenture by 5.1% during the 2nd quarter. Wedbush Securities Inc. now owns 6,690 shares of the information technology services provider’s stock worth $2,000,000 after purchasing an additional 323 shares during the period. Finally, Paradigm Asset Management Co. LLC purchased a new position in shares of Accenture during the 2nd quarter valued at approximately $299,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the topic of a number of recent analyst reports. Guggenheim increased their price target on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Wells Fargo & Company upped their price objective on shares of Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. HSBC increased their target price on shares of Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Truist Financial initiated 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. Finally, Wolfe Research upped their price target on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $291.69.

Get Our Latest Report on ACN

Insider Activity

In other Accenture news, CEO John F. Walsh sold 3,986 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 27,221 shares in the company, valued at $7,523,339.98. The trade was a 12.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Melissa A. Burgum sold 3,588 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the completion of the sale, the chief accounting officer directly owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,088 shares of company stock worth $5,970,434. Insiders own 0.02% of the company’s stock.

Accenture Trading Up 1.5%

Shares of Accenture stock opened at $217.12 on Monday. Accenture PLC has a 1-year low of $188.73 and a 1-year high of $342.89. 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 has a market cap of $133.66 billion, a P/E ratio of 17.94, a P/E/G ratio of 2.07 and a beta of 1.27. The stock’s 50 day simple moving average is $248.64 and its 200-day simple moving average is $250.63.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings data 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 firm 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 quarter last year, the business posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

Accenture Company 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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