Letson Investment Management Inc. Boosts Stock Holdings in Accenture PLC $ACN

Letson Investment Management Inc. raised its holdings in shares of Accenture PLC (NYSE:ACN) by 6.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,193 shares of the information technology services provider’s stock after purchasing an additional 2,487 shares during the period. Accenture accounts for about 3.9% of Letson Investment Management Inc.’s holdings, making the stock its 5th largest holding. Letson Investment Management Inc.’s holdings in Accenture were worth $10,898,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Sanders Capital LLC purchased a new stake in Accenture in the second quarter worth $2,637,640,000. Norges Bank bought a new position in Accenture in the 2nd quarter worth $2,216,850,000. Vanguard Group Inc. lifted its position 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 purchasing an additional 1,315,548 shares during the period. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Accenture during the 2nd quarter valued at about $308,000. Finally, Flossbach Von Storch SE increased its position in shares of Accenture by 48.0% during the second 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 buying an additional 781,211 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Accenture Trading Down 3.2%

NYSE ACN opened at $259.78 on Monday. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average price is $257.83 and its 200-day moving average price is $260.09. The stock has a market cap of $159.92 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.51 and a beta of 1.25.

Accenture (NYSE:ACN) last announced its quarterly 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 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%. Accenture’s 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 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

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

Insider Buying and Selling

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the sale, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at $346,763.30. This represents a 64.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,319 shares of company stock worth $8,335,225 in the last three months. Insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen cut Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Cowen restated a “buy” rating on shares of Accenture in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Rothschild & Co Redburn raised their price objective on Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. Finally, Dbs Bank upgraded shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.