Rhumbline Advisers Has $273.39 Million Position in Accenture PLC $ACN

Rhumbline Advisers lessened its position in shares of Accenture PLC (NYSE:ACN) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,108,626 shares of the information technology services provider’s stock after selling 25,206 shares during the period. Rhumbline Advisers owned approximately 0.17% of Accenture worth $273,387,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Investors Research Corp increased its position in 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 purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Accenture by 132.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Davis Capital Management acquired a new stake in Accenture in the third quarter valued at approximately $28,000. Elevation Wealth Partners LLC grew its position in Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Accenture during the third quarter worth about $32,000. Institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the sale, the chief executive officer directly owned 15,255 shares in the company, valued at $3,679,963.65. The trade was a 28.42% decrease in their ownership of the stock. The transaction 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 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 sale, the chief executive officer owned 27,221 shares in the company, valued at approximately $7,523,339.98. This trade represents a 12.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 22,088 shares of company stock worth $5,970,434. Company insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of Accenture stock opened at $241.02 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Accenture PLC has a one year low of $229.40 and a one year high of $392.02. The business’s 50 day simple moving average is $269.39 and its two-hundred day simple moving average is $255.72. The stock has a market capitalization of $148.37 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate 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 net margin of 10.76% and a return on equity of 26.65%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Analysts Set New Price Targets

ACN has been the topic of several recent analyst reports. Truist Financial started coverage on Accenture in a research note on Tuesday, January 6th. They set a “buy” rating and a $317.00 price objective on the stock. Argus decreased their target price on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Royal Bank Of Canada set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Berenberg Bank assumed coverage on Accenture in a report on Thursday, January 22nd. They set a “buy” rating and a $313.00 price objective on the stock. Finally, Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $298.38.

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.