Certuity LLC Boosts Holdings in Accenture PLC $ACN

Certuity LLC grew its stake in Accenture PLC (NYSE:ACNFree Report) by 307.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,124 shares of the information technology services provider’s stock after purchasing an additional 4,622 shares during the quarter. Certuity LLC’s holdings in Accenture were worth $1,510,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Advisory Research Inc. raised its holdings in shares of Accenture by 43.8% during the third quarter. Advisory Research Inc. now owns 11,025 shares of the information technology services provider’s stock valued at $2,719,000 after acquiring an additional 3,356 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Accenture by 7.3% in the third quarter. Johnson Financial Group Inc. now owns 22,530 shares of the information technology services provider’s stock worth $5,556,000 after acquiring an additional 1,538 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Accenture during the third quarter worth approximately $122,623,000. Quantitative Investment Management LLC acquired a new position in Accenture in the 3rd quarter valued at $7,073,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Accenture by 134.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 383,667 shares of the information technology services provider’s stock valued at $94,612,000 after purchasing an additional 220,205 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling

In related news, CEO John F. Walsh sold 3,986 shares of the business’s 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 sale, the chief executive officer directly owned 27,221 shares in the company, valued at approximately $7,523,339.98. The trade was a 12.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 6,057 shares of the stock in a transaction dated 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 directly owned 15,255 shares of the company’s stock, valued at approximately $3,679,963.65. This trade represents a 28.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is currently owned by company insiders.

Accenture Price Performance

Shares of ACN stock opened at $195.93 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $120.61 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The firm’s 50-day moving average is $243.23 and its two-hundred day moving average is $249.20. Accenture PLC has a 12 month low of $188.73 and a 12 month high of $326.73.

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 for the quarter, beating the consensus estimate of $3.73 by $0.21. The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 3.3%. Accenture’s dividend payout ratio (DPR) is 53.88%.

More Accenture News

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Wall Street Analyst Weigh In

ACN has been the subject of a number of research reports. Rothschild & Co Redburn upped their target price on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Citigroup lowered their price target on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Truist Financial cut their price objective on shares of Accenture from $317.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Accenture from $280.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, March 6th. Finally, Piper Sandler set a $282.00 price target on Accenture in a research report on Thursday, March 5th. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $288.35.

Check Out Our Latest Stock Report 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.

Featured Stories

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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