Mcrae Capital Management Inc. Acquires 16,560 Shares of Accenture PLC $ACN

Mcrae Capital Management Inc. lifted its stake in Accenture PLC (NYSE:ACN) by 59.2% during the third quarter, HoldingsChannel reports. The firm owned 44,545 shares of the information technology services provider’s stock after purchasing an additional 16,560 shares during the period. Accenture accounts for about 2.2% of Mcrae Capital Management Inc.’s holdings, making the stock its 22nd largest position. Mcrae Capital Management Inc.’s holdings in Accenture were worth $10,985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Investors Research Corp grew its holdings in Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Accenture by 132.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Davis Capital Management acquired a new stake in Accenture in the third quarter worth about $28,000. Elevation Wealth Partners LLC raised its position in shares of Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in Accenture during the 3rd quarter worth approximately $32,000. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ACN. Guggenheim lifted their price objective on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Royal Bank Of Canada set a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. Citigroup raised Accenture to a “hold” rating in a research report on Thursday, October 23rd. Evercore reissued an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 target price on shares of Accenture in a report on Thursday, December 18th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Accenture 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 dated Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the transaction, the general counsel owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. This represents a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of Accenture stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the completion of the transaction, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. This represents a 12.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,088 shares of company stock worth $5,970,434 in the last three months. 0.02% of the stock is currently owned by corporate insiders.

Accenture Stock Performance

Shares of NYSE:ACN opened at $223.60 on Thursday. 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 PLC has a 1 year low of $215.16 and a 1 year high of $392.02. The firm has a market capitalization of $137.65 billion, a PE ratio of 18.48, a P/E/G ratio of 2.12 and a beta of 1.24. The business’s 50 day moving average price is $263.92 and its 200-day moving average price is $253.87.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 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 firm had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter last year, the firm earned $3.59 earnings per share. The business’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. As a group, equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

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.