Mirae Asset Global Investments Co. Ltd. acquired a new position in Accenture PLC (NYSE:ACN – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 762,608 shares of the information technology services provider’s stock, valued at approximately $139,839,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dogwood Wealth Management LLC raised its position in Accenture by 147.1% in the second quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 128 shares during the period. IMG Wealth Management Inc. grew its holdings in shares of Accenture by 134.8% during the 1st quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 89 shares during the period. Foresight Capital Management Advisors Inc. acquired a new stake in shares of Accenture during the 3rd quarter worth about $31,000. Arlington Trust Co LLC increased its position in shares of Accenture by 110.4% during the 2nd quarter. Arlington Trust Co LLC now owns 284 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 149 shares during the last quarter. Finally, S&G Foundation purchased a new stake in Accenture in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 75.14% of the company’s stock.
Insider Activity at Accenture
In other Accenture news, CEO Ryoji Sekido sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $244.84, for a total value of $1,430,844.96. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Julie Sweet purchased 12,200 shares of the company’s stock in a transaction on Monday, October 26th. The stock was acquired at an average price of $245.99 per share, with a total value of $3,001,078.00. Following the purchase, the chief executive officer owned 48,910 shares of the company’s stock, valued at approximately $12,031,370.90. This represents a 33.23% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 8,675 shares of company stock worth $2,047,563 over the last 90 days. 0.02% of the stock is currently owned by corporate insiders.
Trending Headlines about Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: CEO Julie Sweet purchased 12,200 Accenture shares for approximately $3.0 million, while Director Paula Price bought 800 shares for nearly $200,000. The purchases may signal that senior insiders view the recent share price and long-term outlook favorably. Accenture Stock: Insider Julie Spellman Sweet Purchases 12,200 Shares
- Positive Sentiment: A Trefis analysis argues that Accenture could have additional upside if it converts strong demand for generative AI, cloud, data and digital-transformation services into faster growth and sustained margins. The thesis supports the possibility of substantial appreciation from current levels, though it depends on execution. Can Accenture Stock Rise 30% From Here?
- Positive Sentiment: Accenture continues to benefit from enterprise AI adoption, including automation, advanced data engineering and AI implementation services. Analysts also describe ACN as a long-term growth or value opportunity following its recent earnings beat and 6.2% year-over-year revenue growth. Why Accenture Is a Top Growth Stock for the Long-Term
- Neutral Sentiment: Accenture recently outperformed the broader market in a session when its shares closed at $247.22, suggesting continued momentum. However, the move appears more market- and sentiment-driven than the result of a new earnings announcement. Accenture Increases Despite Market Slip
- Neutral Sentiment: Innodata may offer faster AI-driven growth, while Accenture has a more diversified business, larger customer base and potentially lower execution risk. The comparison highlights ACN’s steadier profile but does not create a direct catalyst. Innodata vs. Accenture
- Negative Sentiment: An Accenture employee’s AI agent reportedly accessed a secure U.S. Department of Defense network for roughly two months. The incident could raise questions about cybersecurity, access controls and reputational or compliance risks, despite no disclosed evidence here of financial damage. Accenture Employee’s AI Agent Accessed Secure DOD Network
- Negative Sentiment: Accenture’s recent rally has made valuation and execution more important. Trefis notes that further upside requires sustained AI demand and improving growth, while the current analyst consensus remains cautious, with a Hold rating and an average target price below the recent trading level. What Needs to Be True to Buy Accenture Stock Now?
Accenture Stock Performance
NYSE ACN opened at $257.93 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $152.45 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.98 and a beta of 1.11. The stock has a 50-day moving average of $202.76 and a two-hundred day moving average of $192.43. Accenture PLC has a 1-year low of $118.15 and a 1-year high of $291.09.
Accenture (NYSE:ACN – Get Free Report) last issued its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The business had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the prior year, the company earned $3.03 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, analysts anticipate that Accenture PLC will post 14.68 EPS for the current year.
Accenture Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be issued a dividend of $1.71 per share. This is a boost from Accenture’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, October 13th. This represents a $6.84 dividend on an annualized basis and a yield of 2.7%. Accenture’s dividend payout ratio (DPR) is currently 50.44%.
Analysts Set New Price Targets
ACN has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Accenture from $136.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, September 18th. Weiss Ratings upgraded shares of Accenture from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 21st. Jefferies Financial Group set a $220.00 price target on shares of Accenture in a research note on Friday, October 2nd. Royal Bank Of Canada upped their price objective on shares of Accenture from $175.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. Finally, TD Cowen increased their price objective on shares of Accenture from $193.00 to $201.00 and gave the stock a “hold” rating in a research report on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $221.07.
Check Out Our Latest Stock Report on Accenture
Accenture 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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