Accenture PLC $ACN Stock Holdings Reduced by Parallel Advisors LLC

Parallel Advisors LLC reduced its position in Accenture PLC (NYSE:ACNFree Report) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,030 shares of the information technology services provider’s stock after selling 3,097 shares during the period. Parallel Advisors LLC’s holdings in Accenture were worth $13,077,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in shares of Accenture by 95.1% during the 3rd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 8,000 shares of the information technology services provider’s stock valued at $1,973,000 after purchasing an additional 3,900 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Accenture by 26.6% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,353,854 shares of the information technology services provider’s stock worth $827,061,000 after purchasing an additional 705,290 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new position in Accenture during the third quarter worth $216,000. Ameriflex Group Inc. raised its holdings in Accenture by 197.5% during the third quarter. Ameriflex Group Inc. now owns 235 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 156 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Accenture by 85.9% in the third quarter. First Trust Advisors LP now owns 2,041,945 shares of the information technology services provider’s stock worth $503,544,000 after buying an additional 943,371 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

NYSE:ACN opened at $217.12 on Friday. The firm’s 50-day moving average is $248.64 and its 200-day moving average is $250.66. The company has a market cap of $133.66 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.07 and a beta of 1.27. 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 PLC has a 52-week low of $188.73 and a 52-week high of $342.89.

Accenture (NYSE:ACNGet Free Report) last released its 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. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter last year, the company earned $3.59 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts anticipate that Accenture PLC will post 12.73 earnings per share 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 issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Key Accenture News

Here are the key news stories impacting Accenture this week:

Analysts Set New Price Targets

ACN has been the subject of several recent analyst reports. Jefferies Financial Group upped their price target on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Wells Fargo & Company boosted their target price on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. TD Cowen reiterated a “buy” rating on shares of Accenture in a report on Thursday. Guggenheim lifted their price target on shares of Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Finally, Susquehanna boosted their price objective on shares of Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $291.69.

Get Our Latest Report on ACN

Insider Buying and Selling at Accenture

In other Accenture news, 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 value of $1,101,650.68. Following the sale, the chief executive officer 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. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Joel Unruch sold 1,026 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $281.70, for a total transaction of $289,024.20. Following the transaction, the general counsel directly owned 27,181 shares of the company’s stock, valued at $7,656,887.70. The trade was a 3.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,088 shares of company stock valued at $5,970,434 in the last quarter. 0.02% of the stock is currently owned by corporate insiders.

Accenture Profile

(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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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