Cypress Capital Group Has $2.87 Million Stock Holdings in Accenture PLC $ACN

Cypress Capital Group reduced its holdings in shares of Accenture PLC (NYSE:ACN) by 24.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,625 shares of the information technology services provider’s stock after selling 3,765 shares during the period. Cypress Capital Group’s holdings in Accenture were worth $2,867,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. boosted its holdings in Accenture by 33.6% during the third quarter. Valley Wealth Managers Inc. now owns 76,262 shares of the information technology services provider’s stock valued at $18,806,000 after purchasing an additional 19,169 shares in the last quarter. Tandem Investment Advisors Inc. lifted its position in shares of Accenture by 8.4% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 413,194 shares of the information technology services provider’s stock worth $101,894,000 after buying an additional 32,026 shares during the period. SYM FINANCIAL Corp boosted its stake in Accenture by 100.7% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,427 shares of the information technology services provider’s stock valued at $352,000 after buying an additional 716 shares in the last quarter. Patton Albertson Miller Group LLC raised its holdings in Accenture by 245.5% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 2,636 shares of the information technology services provider’s stock worth $650,000 after purchasing an additional 1,873 shares during the last quarter. Finally, Hollencrest Capital Management lifted its position in Accenture by 1,000.0% during the 3rd quarter. Hollencrest Capital Management now owns 550 shares of the information technology services provider’s stock valued at $136,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Performance

ACN stock opened at $261.01 on Friday. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. 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 has a market cap of $160.68 billion, a PE ratio of 21.57, a P/E/G ratio of 2.60 and a beta of 1.25. The business’s 50-day moving average price is $270.28 and its two-hundred day moving average price is $258.11.

Accenture (NYSE:ACN) last released its quarterly earnings data 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. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the previous year, the business posted $3.59 EPS. Accenture’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. As a group, research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ACN shares. BMO Capital Markets reissued a “market perform” rating and set a $300.00 price target on shares of Accenture in a research note on Thursday, December 18th. Wolfe Research upped their target price on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Truist Financial started coverage on Accenture in a research report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price target on the stock. Jefferies Financial Group lifted their price objective on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada set a $300.00 target price on Accenture in a research note on Thursday, December 18th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $298.38.

Insiders Place Their Bets

In other news, CEO John F. Walsh sold 3,986 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was 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 $7,523,339.98. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 1,694 shares of Accenture stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total value of $488,380.20. Following the completion of the sale, the chief executive officer directly owned 37,346 shares in the company, valued at approximately $10,766,851.80. This represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,934 shares of company stock worth $5,965,166 in the last ninety days. 0.02% of the stock is owned by insiders.

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.