Signaturefd LLC Reduces Stock Holdings in Accenture PLC $ACN

Signaturefd LLC decreased its position in Accenture PLC (NYSE:ACN) by 20.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,941 shares of the information technology services provider’s stock after selling 2,741 shares during the period. Signaturefd LLC’s holdings in Accenture were worth $2,698,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Sanders Capital LLC purchased a new stake in Accenture during the second quarter worth about $2,637,640,000. Norges Bank acquired a new position in shares of Accenture in the second quarter worth $2,216,850,000. Vanguard Group Inc. increased its position in shares of Accenture by 2.1% during the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after acquiring an additional 1,315,548 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new position in Accenture in the second quarter valued at $308,000. Finally, Flossbach Von Storch SE grew its stake in Accenture by 48.0% during the 2nd quarter. Flossbach Von Storch SE now owns 2,408,800 shares of the information technology services provider’s stock worth $719,966,000 after purchasing an additional 781,211 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Down 3.2%

ACN stock opened at $259.78 on Friday. The stock has a market capitalization of $159.92 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.51 and a beta of 1.25. The company has a fifty day moving average of $257.83 and a 200-day moving average of $260.41. 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 posted its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $18.51 billion. During the same period last year, the firm earned $3.59 EPS. The company’s quarterly 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. As a group, analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

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 2.5%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio is 53.88%.

Insiders Place Their Bets

In other Accenture news, 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 transaction, the insider directly owned 1,860 shares in the company, valued at approximately $465,018.60. This represents a 78.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the company’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 transaction, the chief executive officer directly owned 1,390 shares in the company, valued at $346,763.30. The trade was a 64.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 33,319 shares of company stock valued at $8,335,225. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ACN. Jefferies Financial Group raised their target price on shares of Accenture from $250.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 10th. Wolfe Research raised their price objective on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. 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 note on Monday, December 15th. Wall Street Zen cut Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Royal Bank Of Canada set a $300.00 price objective on Accenture in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average target price of $296.83.

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.