Zevin Asset Management LLC Has $7.15 Million Holdings in Accenture PLC $ACN

Zevin Asset Management LLC trimmed its position in Accenture PLC (NYSE:ACN) by 9.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 28,973 shares of the information technology services provider’s stock after selling 3,070 shares during the period. Zevin Asset Management LLC’s holdings in Accenture were worth $7,145,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ACN. Kovitz Investment Group Partners LLC grew its holdings in shares of Accenture by 412.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 459,617 shares of the information technology services provider’s stock worth $113,341,000 after purchasing an additional 369,927 shares during the last quarter. Westerkirk Capital Inc. grew its holdings in Accenture by 2.2% during the 3rd quarter. Westerkirk Capital Inc. now owns 18,296 shares of the information technology services provider’s stock worth $4,512,000 after acquiring an additional 400 shares during the last quarter. Dover Advisors LLC increased its position in Accenture by 4.6% in the 3rd quarter. Dover Advisors LLC now owns 4,909 shares of the information technology services provider’s stock valued at $1,211,000 after acquiring an additional 217 shares during the period. Semanteon Capital Management LP bought a new position in shares of Accenture during the third quarter valued at $242,000. Finally, Lansforsakringar Fondforvaltning AB publ grew its stake in shares of Accenture by 3.5% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 199,483 shares of the information technology services provider’s stock worth $49,193,000 after purchasing an additional 6,732 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, General Counsel Joel Unruch sold 1,332 shares of Accenture stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the completion of the transaction, the general counsel owned 28,207 shares in the company, valued at approximately $7,756,925. The trade was a 4.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 6,057 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total value of $1,461,130.11. Following the completion of the sale, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at approximately $3,679,963.65. This trade represents a 28.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,088 shares of company stock worth $5,970,434 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of ACN opened at $215.45 on Monday. Accenture PLC has a one year low of $211.06 and a one year high of $382.77. The company has a market cap of $132.63 billion, a PE ratio of 17.81, a P/E/G ratio of 2.07 and a beta of 1.24. The stock has a 50-day moving average of $261.67 and a 200-day moving average of $253.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating 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 firm had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter last year, the firm posted $3.59 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ACN. Guggenheim raised their price objective on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Evercore reaffirmed an “outperform” rating and set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Truist Financial started coverage on Accenture in a research report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $298.38.

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.