Cibc World Market Inc. Acquires 3,358 Shares of Accenture PLC $ACN

Cibc World Market Inc. boosted its holdings in Accenture PLC (NYSE:ACN) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,079 shares of the information technology services provider’s stock after acquiring an additional 3,358 shares during the quarter. Cibc World Market Inc.’s holdings in Accenture were worth $13,336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Investors Research Corp lifted its position 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. lifted 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 valued at $26,000 after acquiring an additional 61 shares during the period. Davis Capital Management acquired a new stake in shares of Accenture in the 3rd quarter valued at $28,000. Elevation Wealth Partners LLC grew its holdings in shares of Accenture by 146.0% in the 3rd 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 last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Accenture during the 3rd quarter worth about $32,000. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ACN. BMO Capital Markets restated a “market perform” rating and issued a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Evercore reissued an “outperform” rating and issued a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. HSBC raised their price target on Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Finally, TD Cowen raised their target price on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Sixteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.38.

Accenture Stock Performance

Shares of NYSE:ACN opened at $222.10 on Friday. The stock has a market capitalization of $136.73 billion, a P/E ratio of 18.36, a P/E/G ratio of 2.22 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. Accenture PLC has a 1-year low of $215.16 and a 1-year high of $392.02. The business has a 50-day moving average price of $267.59 and a two-hundred day moving average price of $255.31.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the previous year, the company earned $3.59 EPS. Accenture’s revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities analysts predict 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. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.9%. Accenture’s dividend payout ratio is presently 53.88%.

Insider Activity

In other news, General Counsel Joel Unruch sold 1,332 shares of Accenture stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total transaction of $366,300.00. Following the transaction, the general counsel directly owned 28,207 shares of the company’s stock, valued at $7,756,925. This trade represents a 4.51% decrease in their ownership of the stock. 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 company’s stock in a transaction 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 sale, the chief executive officer 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 22,088 shares of company stock valued at $5,970,434. 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.