Korea Investment CORP Sells 143,798 Shares of Accenture PLC $ACN

Korea Investment CORP cut its position in shares of Accenture PLC (NYSE:ACNFree Report) by 33.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 283,399 shares of the information technology services provider’s stock after selling 143,798 shares during the period. Korea Investment CORP’s holdings in Accenture were worth $69,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Accenture by 26.6% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,353,854 shares of the information technology services provider’s stock valued at $827,061,000 after acquiring an additional 705,290 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new position in Accenture during the 3rd quarter worth about $216,000. Ameriflex Group Inc. increased its position in Accenture by 197.5% during the 3rd quarter. Ameriflex Group Inc. now owns 235 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 156 shares during the period. First Trust Advisors LP raised its holdings in shares of Accenture by 85.9% in the 3rd quarter. First Trust Advisors LP now owns 2,041,945 shares of the information technology services provider’s stock valued at $503,544,000 after purchasing an additional 943,371 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its position in shares of Accenture by 63.8% in the 3rd quarter. HUB Investment Partners LLC now owns 2,367 shares of the information technology services provider’s stock worth $584,000 after purchasing an additional 922 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 1.5%

NYSE:ACN opened at $217.12 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. Accenture PLC has a twelve month low of $188.73 and a twelve month high of $342.89. The company has a market cap of $133.66 billion, a PE ratio of 17.94, a P/E/G ratio of 2.07 and a beta of 1.27. The company’s 50 day moving average is $248.64 and its two-hundred day moving average is $250.63.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $3.59 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

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 dividend on an annualized basis and a yield of 3.0%. Accenture’s payout ratio is currently 53.88%.

Accenture News Summary

Here are the key news stories impacting Accenture this week:

Insider Buying and Selling at Accenture

In related news, CAO Melissa A. Burgum sold 3,588 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $281.01, for a total value of $1,008,263.88. Following the sale, the chief accounting officer owned 8,179 shares in the company, valued at $2,298,380.79. This represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the completion of the transaction, the chief executive officer owned 27,221 shares in the company, valued at approximately $7,523,339.98. This trade represents a 12.77% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ACN has been the topic of several research reports. Jefferies Financial Group lifted their price objective on shares of Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a report on Thursday, January 8th. The Goldman Sachs Group restated a “buy” rating and set a $330.00 target price on shares of Accenture in a report on Thursday, December 18th. Citigroup cut their price target on Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Guggenheim boosted their price target on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Susquehanna raised their price objective on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Sixteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $291.69.

Read Our Latest Analysis on Accenture

About Accenture

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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