DT Investment Partners LLC Decreases Stake in Accenture PLC $ACN

DT Investment Partners LLC lessened its position in shares of Accenture PLC (NYSE:ACN) by 81.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525 shares of the information technology services provider’s stock after selling 2,246 shares during the quarter. DT Investment Partners LLC’s holdings in Accenture were worth $129,000 as of its most recent SEC filing.

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

Accenture Stock Performance

ACN stock opened at $259.78 on Monday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The firm has a market cap of $159.92 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.51 and a beta of 1.25. The business’s fifty day simple moving average is $257.83 and its two-hundred day simple moving average is $260.09. 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 posted its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. Accenture’s dividend payout ratio (DPR) is 53.88%.

Analyst Ratings Changes

Several brokerages have weighed in on ACN. Royal Bank Of Canada set a $300.00 price objective on Accenture in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research report on Wednesday, December 10th. Citigroup upgraded Accenture to a “hold” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Finally, BNP Paribas Exane reduced their target price on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $296.83.

Insider Activity

In related news, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the sale, the chief executive officer owned 1,390 shares in the company, valued at approximately $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the transaction, the insider owned 1,860 shares in the company, valued at $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 33,319 shares of company stock valued at $8,335,225. Corporate insiders own 0.02% of the company’s stock.

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.