Accenture PLC $ACN Shares Bought by Glenview Trust Co

Glenview Trust Co raised its stake in shares of Accenture PLC (NYSE:ACN) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,107 shares of the information technology services provider’s stock after purchasing an additional 2,260 shares during the quarter. Glenview Trust Co’s holdings in Accenture were worth $14,576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ACN. Vanguard Group Inc. lifted its position in Accenture by 2.1% during 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 acquiring an additional 1,315,548 shares during the period. State Street Corp raised its stake in shares of Accenture by 1.2% in the second quarter. State Street Corp now owns 28,016,605 shares of the information technology services provider’s stock worth $8,373,925,000 after purchasing an additional 326,979 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Accenture by 1.1% during the second quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider’s stock worth $4,182,331,000 after purchasing an additional 147,931 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Accenture by 12.8% in 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 last quarter. Finally, Sanders Capital LLC acquired a new position in Accenture in the 2nd quarter worth approximately $2,637,640,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Price Performance

NYSE:ACN opened at $224.03 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52 week low of $215.16 and a 52 week high of $392.02. The stock’s 50-day moving average price is $265.90 and its 200-day moving average price is $254.34. The stock has a market capitalization of $137.92 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.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 prior year, the firm posted $3.59 EPS. Accenture’s quarterly revenue was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Jefferies Financial Group boosted their target price on shares of Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Accenture in a report on Thursday, December 18th. Evercore reiterated an “outperform” rating and set a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Finally, Berenberg Bank initiated coverage on Accenture in a research note on Thursday, January 22nd. They issued a “buy” rating and a $313.00 target price on the stock. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $298.38.

Insider Activity at Accenture

In other Accenture news, insider Manish Sharma sold 2,731 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the transaction, the insider directly owned 7,057 shares of the company’s stock, valued at $2,033,333.41. This trade represents a 27.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of the business’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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,088 shares of company stock valued at $5,970,434 in the last three months. Company insiders own 0.02% of the company’s stock.

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.