LGT Group Foundation Sells 25,224 Shares of Accenture PLC $ACN

LGT Group Foundation decreased its holdings in Accenture PLC (NYSE:ACNFree Report) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 521,997 shares of the information technology services provider’s stock after selling 25,224 shares during the quarter. Accenture makes up about 1.5% of LGT Group Foundation’s investment portfolio, making the stock its 17th largest position. LGT Group Foundation owned approximately 0.08% of Accenture worth $127,216,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ACN. Running Oak Capital LLC lifted its holdings in Accenture by 14.3% during the 3rd quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock worth $14,190,000 after buying an additional 7,190 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Accenture in the 2nd quarter valued at $2,658,000. Weitz Investment Management Inc. raised its position in shares of Accenture by 28.8% during the third quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider’s stock worth $39,592,000 after acquiring an additional 35,900 shares during the last quarter. Norges Bank acquired a new position in shares of Accenture during the second quarter valued at $2,216,850,000. Finally, D.A. Davidson & CO. boosted its holdings in 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 acquiring an additional 38,325 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 1.5%

Accenture stock opened at $217.12 on Monday. The firm has a market capitalization 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’s 50 day simple moving average is $248.64 and its 200 day simple moving average is $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. Accenture PLC has a fifty-two week low of $188.73 and a fifty-two week high of $342.89.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share 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 analyst estimates of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were given a $1.63 dividend. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 3.0%. Accenture’s payout ratio is currently 53.88%.

Wall Street Analyst Weigh In

ACN has been the subject of several recent research reports. Piper Sandler set a $282.00 price objective on Accenture in a report on Thursday. Jefferies Financial Group raised their target price on shares of Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research note on Thursday, January 8th. Wolfe Research boosted their price target on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Royal Bank Of Canada set a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. Finally, Guggenheim lifted their target price on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Sixteen equities 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, Accenture presently has an average rating of “Moderate Buy” and an average price target of $291.69.

Get Our Latest Research Report on Accenture

Key Accenture News

Here are the key news stories impacting Accenture this week:

Insider Buying and Selling at Accenture

In related news, CAO Melissa A. Burgum sold 3,588 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the sale, the chief accounting officer directly owned 8,179 shares in the company, valued at $2,298,380.79. This trade represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Joel Unruch sold 1,026 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $281.70, for a total transaction of $289,024.20. Following the completion of the sale, the general counsel directly owned 27,181 shares in the company, valued at $7,656,887.70. This represents a 3.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 22,088 shares of company stock worth $5,970,434 in the last quarter. Company insiders own 0.02% of the company’s stock.

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.

See Also

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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