Cushing Capital Partners LLC Makes New $838,000 Investment in Accenture PLC $ACN

Cushing Capital Partners LLC bought a new stake in shares of Accenture PLC (NYSE:ACN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,397 shares of the information technology services provider’s stock, valued at approximately $838,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Global Retirement Partners LLC bought a new stake in Accenture during the second quarter valued at $2,658,000. C WorldWide Group Holding A S lifted its stake in Accenture by 35.9% in the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after buying an additional 2,151 shares during the last quarter. Truist Financial Corp boosted its stake in Accenture by 7.0% during the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after purchasing an additional 28,685 shares during the period. Norges Bank acquired a new position in shares of Accenture during the second quarter worth approximately $2,216,850,000. Finally, Redwood Investments LLC increased its holdings in shares of Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after purchasing an additional 1,287 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, CEO Julie Spellman Sweet sold 5,917 shares of Accenture stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the transaction, the chief executive officer owned 8,599 shares of the company’s stock, valued at $2,120,685.38. The trade was a 40.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the transaction, the insider owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Up 0.1%

Shares of NYSE:ACN opened at $270.88 on Wednesday. The firm has a 50 day simple moving average of $253.89 and a 200 day simple moving average of $262.69. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $178.37 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26.

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 net margin of 10.76% and a return on equity of 26.65%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ACN. Guggenheim upped their target price on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. JPMorgan Chase & Co. lowered their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Mizuho decreased their price target on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Finally, BNP Paribas Exane cut their price objective on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $298.29.

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.