ProShare Advisors LLC Boosts Stock Position in Accenture PLC $ACN

ProShare Advisors LLC raised its holdings in Accenture PLC (NYSE:ACN) by 4.3% during the third quarter, Holdings Channel reports. The institutional investor owned 163,321 shares of the information technology services provider’s stock after buying an additional 6,782 shares during the period. ProShare Advisors LLC’s holdings in Accenture were worth $40,275,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Investors Research Corp increased its stake in Accenture by 73.8% in the third 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 during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Accenture by 132.6% in the 3rd 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 during the last quarter. Davis Capital Management acquired a new stake in Accenture during the 3rd quarter worth $28,000. Elevation Wealth Partners LLC lifted its position in Accenture by 146.0% in the third 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 purchased a new position in shares of Accenture during the third quarter worth about $32,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In related news, CAO Melissa A. Burgum sold 3,588 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the transaction, the chief accounting officer owned 8,179 shares of the company’s stock, valued at $2,298,380.79. This represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Joel Unruch sold 1,026 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $281.70, for a total value of $289,024.20. Following the completion of the transaction, the general counsel owned 27,181 shares of the company’s stock, valued at $7,656,887.70. The trade was a 3.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 16,031 shares of company stock valued at $4,509,304. 0.02% of the stock is owned by company insiders.

Accenture Stock Performance

Shares of ACN opened at $236.97 on Tuesday. The stock has a market capitalization of $145.88 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.32 and a beta of 1.24. 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 PLC has a 1 year low of $229.40 and a 1 year high of $392.02. The company’s fifty day moving average is $269.80 and its two-hundred day moving average is $256.01.

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 the consensus estimate of $3.73 by $0.21. The business had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

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 paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio is 53.88%.

Analysts Set New Price Targets

ACN has been the subject of several research reports. Dbs Bank raised Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $330.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Jefferies Financial Group raised their target price on shares of Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. Rothschild & Co Redburn upped their price target on shares of Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Finally, Guggenheim raised their price objective on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average 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.