Sather Financial Group Inc grew its position in Accenture PLC (NYSE:ACN – Free Report) by 24.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 169,347 shares of the information technology services provider’s stock after buying an additional 32,784 shares during the period. Accenture makes up about 2.3% of Sather Financial Group Inc’s investment portfolio, making the stock its 20th largest holding. Sather Financial Group Inc’s holdings in Accenture were worth $41,761,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in ACN. Absher Wealth Management LLC purchased a new position in Accenture in the 3rd quarter worth approximately $1,114,000. Cerity Partners LLC boosted its position in shares of Accenture by 5.6% during the third quarter. Cerity Partners LLC now owns 401,646 shares of the information technology services provider’s stock valued at $99,044,000 after buying an additional 21,135 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Accenture by 29.0% during the third quarter. CoreCap Advisors LLC now owns 618 shares of the information technology services provider’s stock valued at $152,000 after purchasing an additional 139 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its position in Accenture by 3.7% during the third quarter. Gladstone Institutional Advisory LLC now owns 7,650 shares of the information technology services provider’s stock valued at $1,886,000 after purchasing an additional 275 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Accenture by 0.4% in the third quarter. Geneos Wealth Management Inc. now owns 26,415 shares of the information technology services provider’s stock worth $6,514,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.
Accenture Trading Up 4.3%
Shares of ACN stock opened at $275.31 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $169.48 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The stock’s 50-day moving average price is $258.52 and its 200-day moving average price is $259.72.
Accenture Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be given a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.4%. Accenture’s dividend payout ratio (DPR) is currently 53.88%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. TD Cowen raised their target price on Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Truist Financial started coverage on shares of Accenture in a report on Tuesday. They set a “buy” rating and a $317.00 target price for the company. Wall Street Zen cut Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Guggenheim upped 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, HSBC boosted their price objective on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $295.84.
View Our Latest Analysis on ACN
Key Stories Impacting Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture agreed to acquire Faculty, a UK-based AI-native services and products firm — a deal that accelerates Accenture’s AI capabilities and go-to-market for client AI transformations. Accenture to Acquire Faculty to Scale AI Capabilities
- Positive Sentiment: Truist initiated coverage with a buy rating, providing fresh analyst support that can boost investor confidence and demand. Accenture initiated with a buy at Truist
- Positive Sentiment: Partnership with NTT DOCOMO GLOBAL to launch a Universal Wallet Infrastructure highlights Accenture’s push into large-scale digital identity/data-led projects — a potential revenue and strategic growth driver. NTT DOCOMO GLOBAL and Accenture Launch Universal Wallet Infrastructure
- Neutral Sentiment: Rothschild & Co Redburn nudged its price target slightly higher to $210 but maintained a neutral rating — the PT remains well below current levels, limiting upside from this particular update. Rothschild & Co Redburn adjusts PT
- Negative Sentiment: Coverage questioning softer public‑sector demand raises concerns about near-term consulting revenue resilience in that end market. Is Softer Public-Sector Demand Undermining the Resilience of Accenture’s Consulting Engine?
- Negative Sentiment: An insider sale: General Counsel Joel Unruch sold 1,332 shares (~$275 avg), trimming his stake ~4.5% — a modest negative signal though not unusually large given his remaining holdings. SEC Filing – Insider Sale
Insider Activity
In related news, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the transaction, the chief executive officer directly owned 1,390 shares in the company, valued at approximately $346,763.30. This represents a 64.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the general counsel directly owned 28,207 shares in the company, valued at $7,756,925. This trade represents a 4.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 34,651 shares of company stock worth $8,701,525. Insiders own 0.02% of the company’s stock.
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.
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