Resona Asset Management Co. Ltd. Sells 2,289 Shares of Accenture PLC $ACN

Resona Asset Management Co. Ltd. reduced its holdings in Accenture PLC (NYSE:ACN) by 1.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 197,280 shares of the information technology services provider’s stock after selling 2,289 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Accenture were worth $48,649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Investors Research Corp boosted its position in shares of Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 61 shares during the period. Davis Capital Management bought a new position in Accenture during the third quarter worth about $28,000. Elevation Wealth Partners LLC grew its position in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after buying an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Accenture in the 3rd quarter valued at about $32,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Mizuho reduced their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. JPMorgan Chase & Co. decreased their price target on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research report on Wednesday, December 10th. Rothschild & Co Redburn boosted their target price on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Finally, TD Cowen increased their price target on Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus price target of $297.81.

Accenture Price Performance

ACN stock opened at $281.00 on Friday. 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 cap of $172.99 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 2.75 and a beta of 1.25. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The stock has a 50-day moving average price of $267.78 and a two-hundred day moving average price of $258.67.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same period last year, the company earned $3.59 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

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 dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.3%. Accenture’s dividend payout ratio is 53.88%.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 1,332 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total transaction of $366,300.00. Following the sale, the general counsel directly owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Manish Sharma sold 2,731 shares of Accenture stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the completion of the transaction, the insider directly owned 7,057 shares of the company’s stock, valued at approximately $2,033,333.41. This trade represents a 27.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,674 shares of company stock valued at $5,661,414 in the last ninety days. 0.02% of the stock is owned by company insiders.

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.