Bangor Savings Bank Raises Position in Accenture PLC $ACN

Bangor Savings Bank raised its holdings in shares of Accenture PLC (NYSE:ACN) by 296.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,360 shares of the information technology services provider’s stock after acquiring an additional 3,259 shares during the period. Bangor Savings Bank’s holdings in Accenture were worth $1,075,000 at the end of the most recent reporting period.

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

Insider Transactions at Accenture

In other news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $280.00, for a total value of $140,000.00. Following the completion of the sale, the chief executive officer directly owned 7,623 shares of the company’s stock, valued at $2,134,440. The trade was a 6.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 35,151 shares of company stock worth $8,841,525. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ACN shares. Cowen reaffirmed a “buy” rating on shares of Accenture in a research note on Friday, September 26th. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research report on Wednesday, December 10th. Wolfe Research upped their price objective on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Finally, Rothschild & Co Redburn lifted their target price on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average price target of $295.84.

Accenture Trading Up 0.2%

Shares of ACN opened at $281.13 on Tuesday. The stock has a market capitalization of $173.07 billion, a P/E ratio of 23.23, a PEG ratio of 2.70 and a beta of 1.25. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $260.95 and a two-hundred day simple moving average of $259.24.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, research analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed 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 dividend payout ratio (DPR) is 53.88%.

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.