Hunter Perkins Capital Management LLC Purchases New Position in Accenture PLC $ACN

Hunter Perkins Capital Management LLC acquired a new stake in Accenture PLC (NYSE:ACN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 10,450 shares of the information technology services provider’s stock, valued at approximately $2,577,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sanders Capital LLC acquired a new position in shares of Accenture during the 2nd quarter worth approximately $2,637,640,000. Norges Bank acquired a new stake in shares of Accenture in the 2nd quarter worth $2,216,850,000. Vanguard Group Inc. raised its stake in Accenture by 2.1% during the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after purchasing an additional 1,315,548 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new position in Accenture in the 2nd quarter valued at about $308,000. Finally, Flossbach Von Storch SE grew its stake in shares of Accenture by 48.0% in the 2nd quarter. Flossbach Von Storch SE now owns 2,408,800 shares of the information technology services provider’s stock valued at $719,966,000 after buying an additional 781,211 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the transaction, the chief executive officer directly owned 1,390 shares in the company, valued at $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the sale, the insider owned 1,860 shares of the company’s stock, valued at $465,018.60. This represents a 78.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,319 shares of company stock valued at $8,335,225 over the last quarter. 0.02% of the stock is owned by insiders.

Accenture Price Performance

Accenture stock opened at $270.08 on Thursday. The company’s 50 day moving average is $254.49 and its two-hundred day moving average is $262.74. The firm has a market cap of $177.84 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35.

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

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be paid a dividend of $1.63 per share. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. Accenture’s payout ratio is presently 53.88%.

Analyst Ratings Changes

ACN has been the topic of a number of recent analyst reports. Evercore ISI reiterated an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. BMO Capital Markets reissued a “market perform” rating and set a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Stifel Nicolaus decreased their target price on shares of Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 price target on shares of Accenture in a research note on Thursday, December 18th. Finally, Robert W. Baird lowered their price objective on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $298.29.

About Accenture

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.