497,152 Shares in Accenture PLC $ACN Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in Accenture PLC (NYSE:ACNFree Report) during the third quarter, HoldingsChannel.com reports. The fund bought 497,152 shares of the information technology services provider’s stock, valued at approximately $122,623,000. Accenture accounts for approximately 1.4% of Quadrature Capital Ltd’s holdings, making the stock its 17th largest holding.

Other hedge funds also recently modified their holdings of the company. Investors Research Corp raised its position in shares of Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Davis Capital Management purchased a new stake in Accenture in the 3rd quarter worth approximately $28,000. Elevation Wealth Partners LLC grew its stake 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 worth $30,000 after acquiring an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new position in Accenture in the 3rd quarter valued at $32,000. 75.14% of the stock is owned by institutional investors and hedge funds.

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Accenture Trading Down 2.8%

Shares of ACN opened at $195.93 on Friday. Accenture PLC has a twelve month low of $188.73 and a twelve month high of $326.73. The firm has a market capitalization of $120.61 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $243.23 and its 200 day simple moving average is $249.20.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion during 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 firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio is 53.88%.

Insider Transactions at Accenture

In other Accenture 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 transaction of $1,461,130.11. Following the transaction, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at $3,679,963.65. The trade was a 28.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Melissa A. Burgum sold 3,588 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the sale, the chief accounting officer owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This represents a 30.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,088 shares of company stock valued at $5,970,434 in the last three months. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ACN has been the topic of several analyst reports. Piper Sandler set a $282.00 price objective on Accenture in a report on Thursday, March 5th. Citigroup reduced their target price on Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Jefferies Financial Group raised 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. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price target on shares of Accenture in a report on Thursday, December 18th. Finally, Wolfe Research increased their price objective on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $288.35.

Get Our Latest Analysis on ACN

Accenture Company 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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