Northcape Wealth Management LLC Has $2.31 Million Holdings in Accenture PLC $ACN

Northcape Wealth Management LLC lifted its stake in shares of Accenture PLC (NYSE:ACN) by 48.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,383 shares of the information technology services provider’s stock after acquiring an additional 3,073 shares during the period. Northcape Wealth Management LLC’s holdings in Accenture were worth $2,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in Accenture during the 2nd quarter worth approximately $2,658,000. C WorldWide Group Holding A S lifted its position in shares of Accenture by 35.9% during the 2nd quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock worth $2,435,000 after purchasing an additional 2,151 shares during the last quarter. Norges Bank purchased a new position in Accenture in the second quarter valued at $2,216,850,000. D.A. Davidson & CO. raised its stake in Accenture by 17.4% in the third quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock valued at $63,771,000 after buying an additional 38,325 shares in the last quarter. Finally, Prudential PLC lifted its holdings in Accenture by 20.4% during the 2nd quarter. Prudential PLC now owns 56,130 shares of the information technology services provider’s stock worth $16,777,000 after buying an additional 9,510 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ACN. Argus cut their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Evercore ISI reissued an “outperform” rating and issued a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. UBS Group downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Truist Financial began coverage on shares of Accenture in a research report on Tuesday, January 6th. They set a “buy” rating and a $317.00 target price on the stock. Finally, Wolfe Research raised their price target on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $298.38.

Accenture Trading Up 0.9%

Shares of ACN opened at $263.58 on Friday. The stock has a fifty day moving average of $270.51 and a two-hundred day moving average of $257.87. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The company has a market capitalization 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 debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share 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 return on equity of 26.65% and a net margin of 10.76%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

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

Insiders Place Their Bets

In other Accenture news, COO Catherine Kiernan Hogan sold 660 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $280.93, for a total value of $185,413.80. Following the sale, the chief operating officer directly owned 12,688 shares in the company, valued at approximately $3,564,439.84. This trade represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 1,694 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total value of $488,380.20. Following the completion of the sale, the chief executive officer owned 37,346 shares in the company, valued at approximately $10,766,851.80. This represents a 4.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 21,934 shares of company stock worth $5,965,166. Company insiders own 0.02% of the company’s stock.

About Accenture

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.