Greenfield Savings Bank Invests $452,000 in Accenture PLC $ACN

Greenfield Savings Bank bought a new position in Accenture PLC (NYSE:ACN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,832 shares of the information technology services provider’s stock, valued at approximately $452,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACN. Aaron Wealth Advisors LLC increased its stake in shares of Accenture by 64.8% in the third quarter. Aaron Wealth Advisors LLC now owns 12,822 shares of the information technology services provider’s stock valued at $3,162,000 after buying an additional 5,042 shares in the last quarter. Investors Research Corp grew its holdings in Accenture by 73.8% during 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. Capital Asset Advisory Services LLC increased its position in Accenture by 29.4% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 18,071 shares of the information technology services provider’s stock valued at $4,456,000 after acquiring an additional 4,105 shares in the last quarter. Park National Corp OH raised its stake in shares of Accenture by 13.5% in the third quarter. Park National Corp OH now owns 147,143 shares of the information technology services provider’s stock worth $36,285,000 after acquiring an additional 17,476 shares during the last quarter. Finally, Praxis Investment Management Inc. lifted its position in shares of Accenture by 35.8% during the third quarter. Praxis Investment Management Inc. now owns 26,856 shares of the information technology services provider’s stock worth $6,623,000 after purchasing an additional 7,087 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho cut their price target on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Evercore ISI set a $280.00 price target on shares of Accenture in a research report on Thursday, September 25th. Guggenheim increased their price objective on shares of Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a report on Monday. UBS Group lowered their target price on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Finally, Royal Bank Of Canada cut their price target on Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $294.04.

Insider Activity at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the transaction, the chief executive officer directly owned 1,390 shares in the company, valued at $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 5,917 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the completion of the transaction, the chief executive officer directly owned 8,599 shares in the company, valued at approximately $2,120,685.38. This represents a 40.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,319 shares of company stock worth $8,335,225. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

NYSE ACN opened at $275.02 on Tuesday. The firm’s 50 day moving average is $251.01 and its 200-day moving average is $264.55. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a market capitalization of $181.10 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. During the same quarter last year, the company earned $2.66 EPS. Accenture’s revenue for the quarter was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Equities research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 10th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.4%. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend was Friday, October 10th. Accenture’s payout ratio is currently 53.66%.

Accenture Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.