2,930 Shares of Accenture PLC $ACN Acquired by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC acquired a new stake in shares of Accenture PLC (NYSE:ACN) in the third quarter, HoldingsChannel reports. The fund acquired 2,930 shares of the information technology services provider’s stock, valued at approximately $537,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACN. Flossbach Von Storch SE bought a new position in Accenture in the second quarter worth about $309,873,000. First Trust Advisors LP grew its holdings in shares of Accenture by 120.0% during the first quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock valued at $690,475,000 after purchasing an additional 1,899,305 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Accenture by 17.7% during the 3rd quarter. Pzena Investment Management LLC now owns 6,054,682 shares of the information technology services provider’s stock worth $1,110,247,000 after purchasing an additional 912,506 shares during the period. Artemis Investment Management LLP raised its position in shares of Accenture by 67.6% during the 3rd quarter. Artemis Investment Management LLP now owns 2,196,789 shares of the information technology services provider’s stock worth $402,825,000 after purchasing an additional 885,687 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Accenture by 319.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,001,809 shares of the information technology services provider’s stock worth $183,702,000 after purchasing an additional 762,827 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ACN. TD Cowen boosted their price objective on Accenture from $193.00 to $201.00 and gave the company a “hold” rating in a research report on Thursday, October 15th. Morgan Stanley raised their target price on Accenture from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Friday, October 2nd. Evercore set a $250.00 price target on shares of Accenture and gave the company an “outperform” rating in a report on Thursday, October 1st. Truist Financial upped their price target on shares of Accenture from $150.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, October 2nd. Finally, Robert W. Baird cut shares of Accenture from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $245.00 to $252.00 in a report on Wednesday, October 21st. Ten equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat, Accenture currently has a consensus rating of “Hold” and a consensus price target of $221.07.

Accenture Trading Down 0.1%

NYSE:ACN opened at $260.36 on Monday. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09. The stock has a market cap of $153.89 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.00 and a beta of 1.01. The business has a fifty day moving average of $210.35 and a 200-day moving average of $191.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.11. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The company had revenue of $18.68 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period last year, the company earned $3.03 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Equities analysts predict that Accenture PLC will post 14.68 earnings per share for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, October 13th. This is a positive change from Accenture’s previous quarterly dividend of $1.63. Accenture’s dividend payout ratio is 50.44%.

Insider Activity

In other Accenture news, CEO Atsushi Egawa sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $270.00, for a total transaction of $2,700,000.00. Following the sale, the chief executive officer directly owned 5,996 shares in the company, valued at approximately $1,618,920. The trade was a 62.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Catherine Hogan sold 1,320 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $200.00, for a total transaction of $264,000.00. Following the sale, the chief operating officer owned 12,556 shares in the company, valued at $2,511,200. This trade represents a 9.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,675 shares of company stock worth $4,747,563 in the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture and Mondelēz International are applying agentic AI to redesign Mondelēz’s global order-to-cash operations, including ordering, invoicing and collections. The project showcases demand for Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
• Positive Sentiment: A valuation analysis says ACN trades at about 18 times forward earnings, below its 10-year average of 24 times, even after a strong recent rally. That could appeal to investors who see room for the valuation to recover. Accenture’s valuation analysis
• Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his direct holdings by about 62.5%. The sale was made under a pre-arranged Rule 10b5-1 plan, so it is not necessarily a signal about his outlook for the company. Accenture CEO share sale
• Negative Sentiment: Accenture fell even as the market rose, indicating relative weakness in the session. The report describes the decline but does not point to a specific company catalyst. Accenture stock underperforms as the market gains

About Accenture

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions.

The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.

Accenture traces its roots to the consulting business of accounting firm Arthur Andersen.