Rockland Trust Co. Grows Holdings in Accenture PLC $ACN

Rockland Trust Co. grew its position in shares of Accenture PLC (NYSE:ACN) by 18.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,048 shares of the information technology services provider’s stock after purchasing an additional 13,867 shares during the quarter. Rockland Trust Co.’s holdings in Accenture were worth $21,713,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Investors Research Corp increased its stake in shares of Accenture by 73.8% during 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 period. Harbor Capital Advisors Inc. grew its position in shares of Accenture by 132.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after buying an additional 61 shares during the period. Davis Capital Management purchased a new stake in Accenture in the third quarter worth about $28,000. Elevation Wealth Partners LLC increased its position in Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 73 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Accenture during the third quarter valued at $32,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Trading Down 1.5%

Shares of NYSE ACN opened at $236.97 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The business’s 50 day moving average price is $269.80 and its 200-day moving average price is $256.01. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $392.02. The company has a market cap of $145.88 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.32 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The business 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 company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company lifted their target price on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Citigroup upgraded shares of Accenture to a “hold” rating in a research report on Thursday, October 23rd. Wolfe Research boosted their price target on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. TD Cowen upped their price target on shares of Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average target price of $298.38.

Insider Activity

In related news, General Counsel Joel Unruch sold 1,332 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total value of $366,300.00. Following the transaction, the general counsel owned 28,207 shares in the company, valued at approximately $7,756,925. This represents a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 1,694 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.30, for a total value of $488,380.20. Following the sale, the chief executive officer directly owned 37,346 shares in the company, valued at $10,766,851.80. This represents a 4.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,031 shares of company stock worth $4,509,304 over the last quarter. Company insiders own 0.02% of the company’s stock.

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.