Caerus Investment Advisors LLC Invests $640,000 in Accenture PLC $ACN

Caerus Investment Advisors LLC bought a new stake in shares of Accenture PLC (NYSE:ACNFree Report) in the third quarter, Holdings Channel reports. The fund bought 2,594 shares of the information technology services provider’s stock, valued at approximately $640,000.

Other hedge funds also recently added to or reduced their stakes in the company. Investors Research Corp raised its stake 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 buying an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after buying an additional 61 shares during the last quarter. Triumph Capital Management acquired a new stake in Accenture during the third quarter worth about $26,000. Davis Capital Management purchased a new position in Accenture during the third quarter valued at approximately $28,000. Finally, Elevation Wealth Partners LLC lifted its holdings in Accenture by 146.0% in the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 73 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of analyst reports. Truist Financial dropped their price objective on shares of Accenture from $317.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Wells Fargo & Company boosted their target price on shares of Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Piper Sandler set a $282.00 price target on shares of Accenture in a research report on Thursday, March 5th. Evercore reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. Finally, TD Cowen lowered their target price on shares of Accenture from $282.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday. Eighteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $286.19.

Check Out Our Latest Analysis on Accenture

Accenture Stock Performance

NYSE:ACN opened at $198.73 on Wednesday. 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 stock has a market capitalization of $122.34 billion, a PE ratio of 16.42, a P/E/G ratio of 1.89 and a beta of 1.28. Accenture PLC has a fifty-two week low of $188.73 and a fifty-two week high of $326.73. The company has a fifty day moving average of $239.14 and a two-hundred day moving average of $247.84.

Accenture (NYSE:ACNGet Free Report) last announced its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. During the same quarter last year, the business earned $3.59 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. 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 company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is 53.88%.

Insider Transactions at Accenture

In other Accenture news, General Counsel Joel Unruch sold 1,026 shares of Accenture stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $281.70, for a total transaction of $289,024.20. Following the sale, the general counsel owned 27,181 shares of the company’s stock, valued at $7,656,887.70. The trade was a 3.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of the company’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Over 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.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

About Accenture

(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.

Further Reading

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACNFree Report).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.