Renasant Bank Has $1.09 Million Stake in Accenture PLC $ACN

Renasant Bank increased its holdings in shares of Accenture PLC (NYSE:ACN) by 393.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,404 shares of the information technology services provider’s stock after acquiring an additional 3,511 shares during the quarter. Renasant Bank’s holdings in Accenture were worth $1,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACN. Investors Research Corp boosted its holdings in shares of Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after buying an additional 45 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 61 shares during the period. Davis Capital Management acquired a new position in shares of Accenture in the third quarter valued at approximately $28,000. Elevation Wealth Partners LLC increased its stake in shares of Accenture by 146.0% during the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Accenture during the 3rd quarter worth approximately $32,000. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Catherine Kiernan Hogan sold 660 shares of Accenture stock in a transaction that occurred 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 directly owned 12,688 shares of the company’s stock, valued at approximately $3,564,439.84. The trade was a 4.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of the 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 completion of the transaction, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. The trade was a 12.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,031 shares of company stock worth $4,509,304 in the last quarter. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

ACN has been the topic of several recent research reports. Truist Financial started coverage on Accenture in a research report on Tuesday, January 6th. They set a “buy” rating and a $317.00 price objective on the stock. HSBC raised their price target on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. UBS Group downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Argus dropped their price target on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Finally, Citigroup raised Accenture to a “hold” rating in a research report on Thursday, October 23rd. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $298.38.

Accenture Stock Performance

NYSE ACN opened at $240.95 on Friday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $392.02. The firm has a market capitalization of $148.33 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.25 and a beta of 1.24. 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 firm’s 50 day simple moving average is $270.21 and its 200 day simple moving average is $256.75.

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

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. Accenture’s dividend payout ratio is 53.88%.

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.