New York State Teachers Retirement System Purchases 9,419 Shares of Accenture PLC $ACN

New York State Teachers Retirement System raised its position in shares of Accenture PLC (NYSE:ACNFree Report) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 547,516 shares of the information technology services provider’s stock after purchasing an additional 9,419 shares during the period. New York State Teachers Retirement System’s holdings in Accenture were worth $135,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACN. Brighton Jones LLC boosted its stake in Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares in the last quarter. Integrity Alliance LLC. bought a new position in shares of Accenture during the first quarter valued at approximately $410,000. Nova Wealth Management Inc. purchased a new position in shares of Accenture during the first quarter valued at approximately $49,000. Modern Wealth Management LLC boosted its position in shares of Accenture by 149.3% in the 1st quarter. Modern Wealth Management LLC now owns 4,656 shares of the information technology services provider’s stock worth $1,453,000 after purchasing an additional 2,788 shares in the last quarter. Finally, First Hawaiian Bank increased its position in Accenture by 2.9% during the 1st quarter. First Hawaiian Bank now owns 2,515 shares of the information technology services provider’s stock valued at $785,000 after buying an additional 71 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ACN shares. Royal Bank Of Canada set a $300.00 price target on Accenture in a report on Thursday, December 18th. Susquehanna lifted their target price on shares of Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Wolfe Research upped their target price on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. HSBC raised their price target on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. Finally, Wells Fargo & Company began coverage on Accenture in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average price target of $295.84.

Read Our Latest Analysis on ACN

Insider Buying and Selling at Accenture

In related news, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction on Wednesday, October 22nd. The stock was 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. The trade was a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Joel Unruch sold 1,332 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total value of $366,300.00. Following the completion of the sale, the general counsel owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. The trade was a 4.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 35,151 shares of company stock worth $8,841,525. Insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of ACN opened at $280.82 on Friday. The firm has a market capitalization of $172.88 billion, a P/E ratio of 23.21, a PEG ratio of 2.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The business has a fifty day moving average of $260.30 and a 200 day moving average of $259.59.

Accenture (NYSE:ACNGet Free Report) last announced its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. During the same period last year, the firm posted $3.59 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, sell-side analysts anticipate 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. Shareholders 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 annualized dividend and a yield of 2.3%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

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.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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