Plancorp LLC Buys 2,974 Shares of Accenture PLC $ACN

Plancorp LLC lifted its stake in Accenture PLC (NYSE:ACN) by 153.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,909 shares of the information technology services provider’s stock after purchasing an additional 2,974 shares during the quarter. Plancorp LLC’s holdings in Accenture were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aprio Wealth Management LLC lifted its position in Accenture by 2.1% in the 1st quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after acquiring an additional 33 shares in the last quarter. Texas Bank & Trust Co lifted its holdings in shares of Accenture by 0.4% during the first quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock valued at $2,553,000 after purchasing an additional 35 shares in the last quarter. Norway Savings Bank boosted its position in shares of Accenture by 0.9% during the second quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock valued at $1,232,000 after buying an additional 36 shares during the last quarter. Firethorn Wealth Partners LLC increased its holdings in Accenture by 4.4% in the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after buying an additional 36 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in Accenture by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after acquiring an additional 38 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In related news, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the transaction, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at $5,868,888.12. This trade represents a 27.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,319 shares of company stock worth $8,335,225 in the last three months. 0.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

ACN has been the subject of a number of research analyst reports. Evercore ISI reiterated an “outperform” rating and issued a $300.00 price target on shares of Accenture in a research note on Thursday, December 18th. HSBC boosted their target price on shares of Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Guggenheim lifted their price objective on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Robert W. Baird dropped their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, Citigroup raised shares of Accenture to a “hold” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.29.

Accenture Trading Up 0.1%

Shares of NYSE:ACN opened at $270.88 on Wednesday. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a market cap of $178.37 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26. The stock has a 50 day moving average of $253.89 and a 200 day moving average of $262.69. 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 (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.4%. Accenture’s payout ratio is currently 53.88%.

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.