Valley Wealth Managers Inc. Buys 19,169 Shares of Accenture PLC $ACN

Valley Wealth Managers Inc. increased its stake in shares of Accenture PLC (NYSE:ACN) by 33.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 76,262 shares of the information technology services provider’s stock after purchasing an additional 19,169 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Accenture were worth $18,806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sanders Capital LLC purchased a new stake in shares of Accenture in the second quarter valued at $2,637,640,000. Norges Bank bought a new position in Accenture during the 2nd quarter valued at about $2,216,850,000. Vanguard Group Inc. raised its position in Accenture by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after purchasing an additional 1,315,548 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Accenture by 12.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock valued at $2,502,446,000 after buying an additional 1,148,970 shares during the period. Finally, McElhenny Sheffield Capital Management LLC bought a new position in shares of Accenture during the second quarter valued at approximately $308,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ACN shares. Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Susquehanna boosted their target price on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Accenture in a research note on Thursday, December 18th. TD Cowen boosted their price objective on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Royal Bank Of Canada set a $300.00 target price on shares of Accenture in a research report on Thursday, December 18th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $298.38.

Insiders Place Their Bets

In other news, General Counsel Joel Unruch sold 1,026 shares of the firm’s 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 sale, the general counsel owned 27,181 shares of the company’s stock, valued at $7,656,887.70. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the transaction, the chief executive officer directly owned 27,221 shares in the company, valued at $7,523,339.98. This represents a 12.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 21,934 shares of company stock worth $5,965,166. Insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of ACN stock opened at $261.01 on Friday. The company’s 50 day moving average is $270.28 and its 200 day moving average is $258.11. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a market cap of $160.68 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.60 and a beta of 1.25. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35.

Accenture (NYSE:ACN) last announced its quarterly earnings results 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 the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders 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 2.5%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio is presently 53.88%.

Accenture 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.