NorthCrest Asset Manangement LLC Grows Holdings in Accenture PLC $ACN

NorthCrest Asset Manangement LLC grew its position in shares of Accenture PLC (NYSE:ACN) by 596.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,053 shares of the information technology services provider’s stock after purchasing an additional 71,983 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Accenture were worth $21,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Firethorn Wealth Partners LLC boosted its holdings in shares of Accenture by 4.4% during the second quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after purchasing an additional 36 shares during the period. Wealthcare Advisory Partners LLC lifted its position in Accenture by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after acquiring an additional 38 shares during the period. Capital Advisors Ltd. LLC grew its stake in shares of Accenture by 3.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock worth $363,000 after buying an additional 41 shares during the last quarter. Silver Oak Securities Incorporated boosted its holdings in Accenture by 5.2% in the second quarter. Silver Oak Securities Incorporated now owns 857 shares of the information technology services provider’s stock worth $256,000 after acquiring an additional 42 shares in the last quarter. Finally, Omnia Family Wealth LLC grew its stake in shares of Accenture by 5.2% in the second quarter. Omnia Family Wealth LLC now owns 847 shares of the information technology services provider’s stock worth $253,000 after acquiring an additional 42 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Transactions at Accenture

In related news, insider Manish Sharma sold 2,731 shares of Accenture stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total value of $786,883.03. Following the completion of the transaction, 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 1,694 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total value of $488,380.20. Following the sale, the chief executive officer owned 37,346 shares in the company, valued at $10,766,851.80. The trade was a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 40,076 shares of company stock valued at $10,256,788. 0.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $330.00 price target on shares of Accenture in a research note on Thursday, December 18th. Susquehanna upped their target price 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. Argus cut their price target on shares of Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, December 29th. UBS Group restated a “buy” rating on shares of Accenture in a report on Wednesday, January 7th. Finally, Jefferies Financial Group increased their target price on Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $297.20.

Accenture Price Performance

Shares of NYSE:ACN opened at $286.33 on Monday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The firm’s 50 day moving average price is $264.19 and its 200-day moving average price is $258.82. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $176.27 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.76 and a beta of 1.25.

Accenture (NYSE:ACN) 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. The company had revenue of $18.74 billion for 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%.Accenture’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period 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. Equities research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be given a dividend of $1.63 per share. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.3%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Accenture Profile

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.