Wright Investors Service Inc. Purchases 2,902 Shares of Accenture PLC $ACN

Wright Investors Service Inc. lifted its position in shares of Accenture PLC (NYSE:ACN) by 62.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,585 shares of the information technology services provider’s stock after purchasing an additional 2,902 shares during the period. Wright Investors Service Inc.’s holdings in Accenture were worth $1,870,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Firethorn Wealth Partners LLC lifted its position in shares of Accenture by 4.4% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after buying an additional 36 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Accenture by 0.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock worth $1,465,000 after acquiring an additional 38 shares during the period. Piscataqua Savings Bank boosted its position in Accenture by 5.3% in the second quarter. Piscataqua Savings Bank now owns 796 shares of the information technology services provider’s stock worth $238,000 after purchasing an additional 40 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in Accenture by 3.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock valued at $363,000 after purchasing an additional 41 shares during the period. Finally, Silver Oak Securities Incorporated increased its position in shares of Accenture by 5.2% during the 2nd quarter. Silver Oak Securities Incorporated now owns 857 shares of the information technology services provider’s stock valued at $256,000 after purchasing an additional 42 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $280.00, for a total transaction of $140,000.00. Following the transaction, the chief executive officer directly owned 7,123 shares in the company, valued at $1,994,440. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the transaction, the insider owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 40,076 shares of company stock worth $10,256,788. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ACN has been the subject of several research reports. Wall Street Zen lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 target price on shares of Accenture in a research report on Thursday, December 18th. Wolfe Research lifted their price target on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. TD Cowen increased their price objective on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $297.20.

Accenture Stock Down 0.0%

Accenture stock opened at $288.42 on Friday. The firm has a 50 day simple moving average of $263.38 and a 200 day simple moving average of $259.51. 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 $229.40 and a 1-year high of $398.35. The firm has a market capitalization of $177.55 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 2.78 and a beta of 1.25.

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

Accenture Announces Dividend

The company also recently disclosed 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. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio is presently 53.88%.

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.