Natixis Advisors LLC Has $114.83 Million Stock Position in Accenture PLC $ACN

Natixis Advisors LLC cut its holdings in Accenture PLC (NYSE:ACNFree Report) by 31.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 465,656 shares of the information technology services provider’s stock after selling 216,579 shares during the quarter. Natixis Advisors LLC’s holdings in Accenture were worth $114,831,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Investors Research Corp boosted its holdings in Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 61 shares during the period. Davis Capital Management bought a new position in shares of Accenture during the third quarter worth approximately $28,000. Elevation Wealth Partners LLC raised its position in shares of Accenture by 146.0% in the third 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 stake in shares of Accenture in the third quarter valued at approximately $32,000. 75.14% of the stock is owned by institutional investors.

Accenture Trading Up 1.5%

Shares of ACN stock opened at $217.12 on Monday. Accenture PLC has a fifty-two week low of $188.73 and a fifty-two week high of $342.89. The stock’s fifty day moving average price is $248.64 and its two-hundred day moving average price is $250.63. 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 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.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly 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 company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.Accenture’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.0%. Accenture’s dividend payout ratio is 53.88%.

Insider Buying and Selling

In other news, CAO Melissa A. Burgum sold 3,588 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $281.01, for a total value of $1,008,263.88. Following the sale, the chief accounting officer directly owned 8,179 shares in the company, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the transaction, the chief executive officer owned 15,255 shares of the company’s stock, valued at approximately $3,679,963.65. This represents a 28.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,088 shares of company stock worth $5,970,434 in the last quarter. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ACN shares. Berenberg Bank began coverage on Accenture in a research note on Thursday, January 22nd. They set a “buy” rating and a $313.00 price objective on the stock. Argus cut their target price on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Wells Fargo & Company raised their price target on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. TD Cowen reaffirmed a “buy” rating on shares of Accenture in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Accenture from $280.00 to $230.00 and set a “hold” rating for the company in a research report on Friday. Sixteen equities 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.com, the company has an average rating of “Moderate Buy” and an average price target of $291.69.

View Our Latest Analysis on ACN

Accenture News Roundup

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Accenture Company Profile

(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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