Sycomore Asset Management Acquires Shares of 57,242 Accenture PLC $ACN

Sycomore Asset Management bought a new position in shares of Accenture PLC (NYSE:ACN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 57,242 shares of the information technology services provider’s stock, valued at approximately $14,116,000. Accenture makes up about 1.9% of Sycomore Asset Management’s investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Accenture by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock valued at $19,466,641,000 after buying an additional 1,315,548 shares during the period. State Street Corp boosted its position in shares of Accenture by 0.4% during the 3rd quarter. State Street Corp now owns 28,135,065 shares of the information technology services provider’s stock worth $6,938,156,000 after acquiring an additional 118,460 shares in the last quarter. Capital International Investors increased its stake in Accenture by 41.1% in the third quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock valued at $4,223,839,000 after acquiring an additional 4,984,930 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Accenture by 12.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock valued at $2,502,446,000 after purchasing an additional 1,148,970 shares in the last quarter. Finally, Sanders Capital LLC lifted its stake in Accenture by 9.0% during the third quarter. Sanders Capital LLC now owns 9,615,366 shares of the information technology services provider’s stock worth $2,371,149,000 after purchasing an additional 790,580 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ACN shares. Wolfe Research lifted their price target on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Evercore reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Argus lowered their target price on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, December 29th. Susquehanna increased their target price on shares of Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Royal Bank Of Canada set a $300.00 price target on shares of Accenture in a research note on Thursday, December 18th. Eighteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $286.19.

Accenture Stock Down 0.3%

Shares of ACN opened at $198.73 on Wednesday. The stock’s 50-day moving average price is $239.14 and its two-hundred day moving average price is $247.84. Accenture PLC has a 12 month low of $188.73 and a 12 month high of $326.73. The company has a market capitalization of $122.34 billion, a PE ratio of 16.42, a PEG ratio of 1.89 and a beta of 1.28. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.21. The company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the completion of the transaction, the chief executive officer owned 15,255 shares of the company’s stock, valued at $3,679,963.65. This trade represents a 28.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John F. Walsh sold 3,986 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the completion of the transaction, the chief executive officer owned 27,221 shares in the company, valued at approximately $7,523,339.98. The trade was a 12.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,088 shares of company stock valued at $5,970,434 over the last 90 days. 0.02% of the stock is owned by company insiders.

About Accenture

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.