Lbp Am Sa Reduces Holdings in Accenture PLC $ACN

Lbp Am Sa reduced its position in Accenture PLC (NYSE:ACN) by 61.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 111,885 shares of the information technology services provider’s stock after selling 181,240 shares during the period. Lbp Am Sa’s holdings in Accenture were worth $27,591,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in Accenture during the 2nd quarter worth $2,658,000. C WorldWide Group Holding A S increased its stake in shares of Accenture by 35.9% during the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock worth $2,435,000 after acquiring an additional 2,151 shares during the period. Truist Financial Corp raised its holdings in Accenture by 7.0% during the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after purchasing an additional 28,685 shares in the last quarter. Norges Bank acquired a new stake in Accenture in the second quarter valued at about $2,216,850,000. Finally, D.A. Davidson & CO. boosted its holdings in Accenture by 17.4% in the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock valued at $63,771,000 after purchasing an additional 38,325 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Accenture stock opened at $281.00 on Monday. The firm has a market capitalization of $172.99 billion, a PE ratio of 23.22, a P/E/G ratio of 2.71 and a beta of 1.25. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The firm’s 50-day simple moving average is $267.78 and its 200 day simple moving average is $258.09. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) 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 analysts’ consensus estimates of $3.73 by $0.21. The company 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 firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio is 53.88%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Truist Financial began coverage on Accenture in a report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Guggenheim boosted their target price on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Argus cut their price target on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a report on Monday, December 29th. Finally, HSBC boosted their price objective on shares of Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $297.81.

Insider Buying and Selling

In other news, insider Manish Sharma sold 2,731 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total value of $786,883.03. Following the sale, the insider directly owned 7,057 shares in the company, valued at $2,033,333.41. This represents a 27.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Joel Unruch sold 1,332 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total value of $366,300.00. Following the sale, the general counsel directly owned 28,207 shares in the company, valued at approximately $7,756,925. The trade was a 4.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 21,674 shares of company stock worth $5,661,414. 0.02% of the stock is currently owned by corporate insiders.

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.