TrueMark Investments LLC Invests $6.13 Million in Accenture PLC $ACN

TrueMark Investments LLC bought a new stake in Accenture PLC (NYSE:ACN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,847 shares of the information technology services provider’s stock, valued at approximately $6,127,000.

A number of other large investors have also bought and sold shares of the business. Global Retirement Partners LLC acquired a new stake in shares of Accenture during the second quarter worth $2,658,000. C WorldWide Group Holding A S lifted its stake in Accenture by 35.9% in the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after buying an additional 2,151 shares during the period. Truist Financial Corp boosted its holdings in Accenture by 7.0% during the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after buying an additional 28,685 shares during the last quarter. Norges Bank acquired a new position in shares of Accenture during the 2nd quarter worth about $2,216,850,000. Finally, D.A. Davidson & CO. increased its stake in shares of Accenture by 17.4% in the 3rd 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. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accenture

In related news, General Counsel Joel Unruch sold 1,332 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the completion of the transaction, the general counsel directly owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the completion of the transaction, the chief executive officer owned 7,123 shares of the company’s stock, valued at approximately $1,994,440. This represents a 6.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 21,674 shares of company stock valued at $5,661,414. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Performance

ACN opened at $281.00 on Friday. The company has a market capitalization of $172.99 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 2.75 and a beta of 1.25. The business’s 50-day moving average price is $267.78 and its two-hundred day moving average price is $258.67. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. 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 (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. During the same quarter in the prior year, the firm posted $3.59 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 27th. Jefferies Financial Group raised their price objective on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Citigroup upgraded Accenture to a “hold” rating in a report on Thursday, October 23rd. Finally, HSBC increased their price target on Accenture from $215.00 to $235.00 in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $297.81.

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.