Norden Group LLC Has $2.82 Million Position in Accenture PLC $ACN

Norden Group LLC trimmed its holdings in shares of Accenture PLC (NYSE:ACN) by 20.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,419 shares of the information technology services provider’s stock after selling 2,982 shares during the period. Norden Group LLC’s holdings in Accenture were worth $2,816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ACN. Investors Research Corp boosted its position in Accenture by 73.8% during the third 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 last quarter. RMG Wealth Management LLC bought a new stake in shares of Accenture during the 2nd quarter worth approximately $33,000. Elevation Wealth Partners LLC boosted its holdings in shares of Accenture by 146.0% in the 3rd 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 during the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of Accenture in the third quarter valued at $32,000. Finally, WPG Advisers LLC bought a new stake in Accenture during the first quarter worth $42,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the sale, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the sale, the chief executive officer owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Performance

NYSE:ACN opened at $270.08 on Thursday. The stock has a 50 day simple moving average of $254.49 and a 200 day simple moving average of $262.74. The stock has a market cap of $177.84 billion, a P/E ratio of 22.32, a PEG ratio of 2.61 and a beta of 1.26. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. 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 data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.21. The firm had revenue of $18.74 billion for 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%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders 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%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen lifted their price objective on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Robert W. Baird lowered their price target on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Susquehanna raised their price objective on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Guggenheim boosted their target price on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a report on Wednesday, December 10th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average price target of $298.29.

Accenture 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.