Slow Capital Inc. bought a new stake in Accenture PLC (NYSE:ACN – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,936 shares of the information technology services provider’s stock, valued at approximately $1,639,000.
Other institutional investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. grew its stake in shares of Accenture by 134.8% in the first quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 89 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in Accenture by 57.9% during the 1st quarter. Whipplewood Advisors LLC now owns 210 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 77 shares in the last quarter. Dogwood Wealth Management LLC lifted its stake in Accenture by 147.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 128 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Accenture during the 1st quarter valued at about $44,000. Finally, Hollencrest Capital Management boosted its holdings in Accenture by 354.0% during the 1st quarter. Hollencrest Capital Management now owns 227 shares of the information technology services provider’s stock valued at $45,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.
Accenture Stock Performance
Shares of ACN stock opened at $249.42 on Monday. The stock’s 50-day moving average is $196.03 and its two-hundred day moving average is $175.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09. The firm has a market cap of $147.42 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.92 and a beta of 1.11.
Accenture Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, October 13th. This is an increase from Accenture’s previous quarterly dividend of $1.63. Accenture’s payout ratio is 50.44%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on ACN shares. Evercore set a $250.00 price target on shares of Accenture and gave the stock an “outperform” rating in a research note on Thursday, October 1st. JPMorgan Chase & Co. raised their price objective on shares of Accenture from $179.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, September 25th. Morgan Stanley lifted their price objective on shares of Accenture from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, October 2nd. The Goldman Sachs Group upped their target price on shares of Accenture from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Finally, Robert W. Baird restated a “neutral” rating and issued a $252.00 price target (up from $245.00) on shares of Accenture in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Accenture currently has an average rating of “Hold” and a consensus target price of $219.52.
Check Out Our Latest Stock Analysis on ACN
Key Stories Impacting Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture’s consensus price target reportedly increased 12.22% to $238.14, while a bullish analysis projects an additional 23% total return through December 2027. These updates suggest some analysts continue to see upside from the company’s AI and digital-transformation growth. Accenture consensus price target increased Accenture total return analysis
- Positive Sentiment: Accenture Federal Services is working with Google Public Sector on Gemini launchpads for U.S. federal agencies. The initiative could expand Accenture’s government AI pipeline and reinforce its position as a generative-AI implementation partner. Accenture federal AI push
- Positive Sentiment: The company’s latest quarterly results surpassed expectations, with earnings of $3.29 per share versus $3.18 expected and revenue of $18.68 billion versus $18.03 billion expected. Revenue grew 6.2% year over year, and Accenture also raised its quarterly dividend to $1.71 per share from $1.63.
- Neutral Sentiment: Accenture is reviewing options for its Greater China business, potentially including a divestiture. A sale could reduce geopolitical exposure and simplify operations, but the review introduces uncertainty about the region’s future contribution.
- Negative Sentiment: Robert W. Baird downgraded Accenture from Outperform to Neutral, citing the stock’s sharp rebound and concern that the valuation already reflects much of the expected growth. Baird maintained a $252 price target, offering limited upside relative to recent trading levels. Baird downgrade
- Negative Sentiment: CEO Ryoji Sekido sold approximately $1.43 million of stock, reducing his direct holdings by 83%, while Chief Accounting Officer Melissa Burgum sold $202,750 under a pre-arranged Rule 10b5-1 plan. Planned sales do not necessarily signal weaker fundamentals, but the transactions may weigh on sentiment.
Insider Buying and Selling at Accenture
In related news, CEO Ryoji Sekido sold 5,844 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $244.84, for a total transaction of $1,430,844.96. Following the transaction, the chief executive officer owned 1,194 shares of the company’s stock, valued at $292,338.96. This trade represents a 83.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Joel Unruch sold 10,498 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $162.98, for a total value of $1,710,964.04. Following the completion of the transaction, the general counsel owned 17,735 shares in the company, valued at $2,890,450.30. This trade represents a 37.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 19,173 shares of company stock valued at $3,758,527. Company insiders own 0.02% of the company’s stock.
Accenture Company Profile
Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.
The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.
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