King Luther Capital Management Corp Decreases Stake in Accenture PLC $ACN

King Luther Capital Management Corp decreased its holdings in shares of Accenture PLC (NYSE:ACN) by 25.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 179,405 shares of the information technology services provider’s stock after selling 60,882 shares during the quarter. King Luther Capital Management Corp’s holdings in Accenture were worth $44,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACN. Running Oak Capital LLC lifted its holdings in shares of Accenture by 14.3% in the 3rd quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock worth $14,190,000 after acquiring an additional 7,190 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Accenture in the second quarter valued at approximately $2,658,000. C WorldWide Group Holding A S boosted its position in shares of Accenture by 35.9% during the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock worth $2,435,000 after buying an additional 2,151 shares during the period. Norges Bank acquired a new stake in shares of Accenture in the second quarter valued at $2,216,850,000. Finally, D.A. Davidson & CO. raised its holdings 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 buying an additional 38,325 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Guggenheim raised their target price on Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a report on Monday, December 15th. Dbs Bank raised Accenture from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 27th. Wolfe Research boosted their target price on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Rothschild & Co Redburn increased their price target on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Finally, Truist Financial initiated coverage on shares of Accenture in a report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 target price on the stock. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $298.38.

Accenture Stock Performance

Shares of ACN opened at $223.60 on Thursday. 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 $215.16 and a 52-week high of $392.02. The stock has a 50 day moving average price of $263.92 and a 200 day moving average price of $253.87. The company has a market capitalization of $137.65 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 2.12 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the prior year, the business posted $3.59 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.9%. Accenture’s payout ratio is 53.88%.

Insiders Place Their Bets

In other news, COO Catherine Kiernan Hogan sold 660 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $280.93, for a total transaction of $185,413.80. Following the transaction, the chief operating officer directly owned 12,688 shares in the company, valued at approximately $3,564,439.84. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Joel Unruch sold 1,026 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $281.70, for a total transaction of $289,024.20. Following the completion of the sale, the general counsel owned 27,181 shares of the company’s stock, valued at approximately $7,656,887.70. This trade represents a 3.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is owned by insiders.

Accenture Company 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.