Accenture PLC $ACN Shares Bought by Confluence Investment Management LLC

Confluence Investment Management LLC boosted its stake in shares of Accenture PLC (NYSE:ACN) by 6,611.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 209,255 shares of the information technology services provider’s stock after purchasing an additional 206,137 shares during the quarter. Confluence Investment Management LLC’s holdings in Accenture were worth $51,602,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of ACN. Brighton Jones LLC lifted its holdings in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after acquiring an additional 4,905 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Accenture by 12.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 920 shares of the information technology services provider’s stock valued at $288,000 after purchasing an additional 103 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in Accenture by 276.4% during the first quarter. Campbell & CO Investment Adviser LLC now owns 6,756 shares of the information technology services provider’s stock worth $2,108,000 after buying an additional 4,961 shares in the last quarter. Corebridge Financial Inc. grew its position in Accenture by 1.9% during the first quarter. Corebridge Financial Inc. now owns 146,353 shares of the information technology services provider’s stock valued at $45,668,000 after buying an additional 2,742 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Accenture by 25.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 645,636 shares of the information technology services provider’s stock valued at $201,464,000 after buying an additional 129,678 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity

In other news, CEO Ryoji Sekido sold 2,500 shares of the firm’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 transaction of $623,675.00. Following the completion of the sale, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This trade represents a 64.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 5,917 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total value of $1,459,250.54. Following the completion of the transaction, the chief executive officer owned 8,599 shares in the company, valued at $2,120,685.38. This represents a 40.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,319 shares of company stock valued at $8,335,225 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of Accenture stock opened at $270.65 on Tuesday. The business’s 50 day moving average price is $253.36 and its 200 day moving average price is $263.02. The company has a market cap of $178.22 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.64 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. Accenture PLC has a one year low of $229.40 and a one year high of $398.35.

Accenture (NYSE:ACN) last issued 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 business had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, research analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company 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 $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Analyst Ratings Changes

A number of brokerages have issued reports on ACN. HSBC increased their price target on Accenture from $215.00 to $235.00 in a research report on Friday. Wells Fargo & Company initiated coverage on Accenture in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 target price on the stock. Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a $300.00 price objective on shares of Accenture in a report on Thursday. Finally, Citigroup upgraded shares of Accenture to a “hold” rating in a research report on Thursday, October 23rd. 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $298.29.

About Accenture

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.