Mediolanum International Funds Ltd Has $40.05 Million Position in Accenture PLC $ACN

Mediolanum International Funds Ltd trimmed its holdings in Accenture PLC (NYSE:ACN) by 9.1% during the third quarter, Holdings Channel reports. The institutional investor owned 162,134 shares of the information technology services provider’s stock after selling 16,200 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Accenture were worth $40,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sanders Capital LLC purchased a new stake in shares of Accenture in the second quarter worth about $2,637,640,000. Norges Bank bought a new position in shares of Accenture during the 2nd quarter valued at $2,216,850,000. Vanguard Group Inc. increased its holdings in shares of Accenture by 2.1% in 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 buying an additional 1,315,548 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Accenture by 12.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock valued at $2,502,446,000 after purchasing an additional 1,148,970 shares during the period. Finally, McElhenny Sheffield Capital Management LLC purchased a new stake in Accenture during the 2nd quarter valued at $308,000. 75.14% of the stock is owned by institutional investors.

Accenture Trading Up 0.9%

NYSE:ACN opened at $263.58 on Friday. The company has a 50 day simple moving average of $270.51 and a two-hundred day simple moving average of $257.87. The company has a market cap of $162.26 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.52 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. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.Accenture’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is currently 53.88%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO John F. Walsh sold 3,986 shares of Accenture stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the transaction, the chief executive officer owned 27,221 shares of the company’s stock, valued at $7,523,339.98. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Catherine Kiernan Hogan sold 660 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $280.93, for a total transaction of $185,413.80. Following the sale, the chief operating officer owned 12,688 shares in the company, valued at $3,564,439.84. The trade was a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,934 shares of company stock valued at $5,965,166 in the last ninety days. 0.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ACN. TD Cowen lifted their price objective on Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Truist Financial started coverage on shares of Accenture in a research report on Tuesday, January 6th. They set a “buy” rating and a $317.00 price objective on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. Argus reduced their target price on Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Finally, Evercore ISI reissued an “outperform” rating and set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.38.

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.