New York Life Investment Management LLC Has $22.56 Million Stock Position in Accenture PLC $ACN

New York Life Investment Management LLC decreased its holdings in Accenture PLC (NYSE:ACN) by 2.5% during the third quarter, Holdings Channel.com reports. The firm owned 91,499 shares of the information technology services provider’s stock after selling 2,385 shares during the period. New York Life Investment Management LLC’s holdings in Accenture were worth $22,564,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ACN. Investors Research Corp raised 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 valued at $26,000 after purchasing an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Davis Capital Management acquired a new stake in shares of Accenture in the third quarter worth about $28,000. Elevation Wealth Partners LLC increased its holdings in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 73 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Accenture during the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. HSBC upped their price objective on shares of Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Guggenheim lifted their target price on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, December 15th. UBS Group cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Rothschild & Co Redburn lifted their price objective on Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Sixteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $298.38.

Accenture Trading Up 3.2%

Accenture stock opened at $240.95 on Monday. The business has a 50 day moving average price of $270.21 and a two-hundred day moving average price of $256.33. The company has a quick ratio of 1.41, a current 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 $392.02. The stock has a market cap of $148.33 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24.

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 business 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%.Accenture’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

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

Insider Transactions at Accenture

In other news, CEO John F. Walsh sold 3,986 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total value 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. This represents a 12.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Joel Unruch sold 1,332 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total value of $366,300.00. Following the completion of the sale, the general counsel directly owned 28,207 shares in the company, valued at approximately $7,756,925. This represents a 4.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,031 shares of company stock valued at $4,509,304. Corporate insiders own 0.02% of the company’s stock.

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.