Russell Investments Group Ltd. Acquires 97,459 Shares of Accenture PLC $ACN

Russell Investments Group Ltd. lifted its stake in Accenture PLC (NYSE:ACNFree Report) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,025,939 shares of the information technology services provider’s stock after acquiring an additional 97,459 shares during the period. Russell Investments Group Ltd.’s holdings in Accenture were worth $253,026,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ACN. Investors Research Corp boosted its holdings in Accenture by 73.8% in 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. increased its holdings 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 during the period. Davis Capital Management acquired a new position in shares of Accenture during the third quarter valued at about $28,000. Elevation Wealth Partners LLC lifted its stake in shares of Accenture by 146.0% in the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Accenture during the third quarter worth about $32,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Key Accenture News

Here are the key news stories impacting Accenture this week:

Accenture Price Performance

Accenture stock opened at $217.12 on Monday. The business has a 50 day simple moving average of $248.64 and a 200 day simple moving average of $250.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $133.66 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. Accenture PLC has a one year low of $188.73 and a one year high of $342.89.

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

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is currently 53.88%.

Analyst Ratings Changes

A number of analysts have commented on the company. TD Cowen reiterated a “buy” rating on shares of Accenture in a research report on Thursday. Piper Sandler set a $282.00 price objective on Accenture in a research report on Thursday. Guggenheim raised their target price on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Truist Financial started coverage on shares of Accenture in a research note on Tuesday, January 6th. They set a “buy” rating and a $317.00 price target on the stock. Finally, Argus dropped their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, December 29th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.69.

Check Out Our Latest Research Report on ACN

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total value of $1,461,130.11. Following the completion of the transaction, the chief executive officer owned 15,255 shares in the company, valued at approximately $3,679,963.65. The trade was a 28.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Manish Sharma sold 2,731 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total value of $786,883.03. Following the sale, the insider owned 7,057 shares in the company, valued at approximately $2,033,333.41. This trade represents a 27.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is owned by company insiders.

About Accenture

(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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