Vest Financial LLC Grows Stock Holdings in Accenture PLC $ACN

Vest Financial LLC grew its stake in Accenture PLC (NYSE:ACN) by 21.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,098 shares of the information technology services provider’s stock after purchasing an additional 27,385 shares during the period. Vest Financial LLC’s holdings in Accenture were worth $38,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in ACN. Global Retirement Partners LLC purchased a new position in shares of Accenture in the second quarter valued at $2,658,000. C WorldWide Group Holding A S increased its holdings in Accenture by 35.9% during the 2nd quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after acquiring an additional 2,151 shares in the last quarter. Truist Financial Corp raised its position in Accenture by 7.0% during the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after acquiring an additional 28,685 shares during the last quarter. Norges Bank purchased a new stake in shares of Accenture in the second quarter valued at about $2,216,850,000. Finally, D.A. Davidson & CO. grew its position in shares of Accenture by 17.4% in the third quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock valued at $63,771,000 after purchasing an additional 38,325 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ACN. Wells Fargo & Company upped their target price on Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Citigroup upgraded Accenture to a “hold” rating in a research report on Thursday, October 23rd. BMO Capital Markets restated a “market perform” rating and issued a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. Mizuho lowered their price target on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Finally, Wolfe Research upped their price objective on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average target price of $297.20.

Insider Buying and Selling

In related news, insider Manish Sharma sold 2,731 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total transaction of $786,883.03. Following the transaction, the insider directly owned 7,057 shares of the company’s stock, valued at approximately $2,033,333.41. The trade was a 27.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Joel Unruch sold 1,332 shares of Accenture stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total transaction of $366,300.00. Following the sale, the general counsel owned 28,207 shares in the company, valued at $7,756,925. This represents a 4.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 21,674 shares of company stock valued at $5,661,414. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

ACN opened at $279.82 on Wednesday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company’s 50 day simple moving average is $265.62 and its 200 day simple moving average is $258.47. The stock has a market capitalization of $172.26 billion, a PE ratio of 22.99, a P/E/G ratio of 2.76 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, sell-side analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.3%. Accenture’s dividend payout ratio (DPR) is 53.88%.

Accenture Company Profile

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.