Baker Ellis Asset Management LLC Acquires New Position in Accenture PLC $ACN

Baker Ellis Asset Management LLC bought a new position in shares of Accenture PLC (NYSE:ACNFree Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,774 shares of the information technology services provider’s stock, valued at approximately $684,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACN. Global Retirement Partners LLC acquired a new position in shares of Accenture during the second quarter worth about $2,658,000. C WorldWide Group Holding A S boosted its holdings in Accenture by 35.9% in the 2nd 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 purchasing an additional 2,151 shares in the last quarter. Truist Financial Corp increased its position 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 worth $130,376,000 after purchasing an additional 28,685 shares during the period. Norges Bank purchased a new position in shares of Accenture during the 2nd quarter worth approximately $2,216,850,000. Finally, Prudential PLC lifted its holdings in shares of Accenture by 20.4% in the 2nd quarter. Prudential PLC now owns 56,130 shares of the information technology services provider’s stock valued at $16,777,000 after buying an additional 9,510 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 2.8%

Accenture stock opened at $281.52 on Friday. The stock has a market cap of $173.30 billion, a PE ratio of 23.27, a P/E/G ratio of 2.64 and a beta of 1.25. 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 has a 50-day moving average price of $259.69 and a 200 day moving average price of $259.97. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. 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. Equities research analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.3%. Accenture’s payout ratio is 53.88%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wolfe Research increased their price objective on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. BNP Paribas Exane lowered their price target 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. Truist Financial began coverage on shares of Accenture in a research note on Tuesday. They issued a “buy” rating and a $317.00 price objective for the company. UBS Group restated a “buy” rating on shares of Accenture in a research report on Wednesday. Finally, Cowen reiterated a “buy” rating on shares of Accenture in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average target price of $295.84.

Read Our Latest Research Report on Accenture

Insider Activity at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the sale, the chief executive officer owned 23,516 shares of the company’s stock, valued at $5,868,888.12. This trade represents a 27.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 35,151 shares of company stock worth $8,841,525. Company insiders own 0.02% of the company’s stock.

Trending Headlines about Accenture

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Accenture Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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