DNB Asset Management AS Acquires 10,316 Shares of Accenture PLC $ACN

DNB Asset Management AS lifted its holdings in shares of Accenture PLC (NYSE:ACN) by 8.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 129,193 shares of the information technology services provider’s stock after buying an additional 10,316 shares during the period. DNB Asset Management AS’s holdings in Accenture were worth $31,859,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. SkyView Investment Advisors LLC lifted its holdings in shares of Accenture by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after acquiring an additional 43 shares during the last quarter. Alpha Cubed Investments LLC increased its position in Accenture by 6.4% during the 2nd quarter. Alpha Cubed Investments LLC now owns 744 shares of the information technology services provider’s stock worth $222,000 after purchasing an additional 45 shares in the last quarter. Councilmark Asset Management LLC lifted its stake in Accenture by 0.5% in the 2nd quarter. Councilmark Asset Management LLC now owns 9,344 shares of the information technology services provider’s stock valued at $2,793,000 after purchasing an additional 45 shares during the last quarter. Investors Research Corp boosted its position in Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Finally, WP Advisors LLC increased its holdings in shares of Accenture by 1.0% during the second quarter. WP Advisors LLC now owns 4,719 shares of the information technology services provider’s stock worth $1,410,000 after buying an additional 46 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ACN shares. HSBC boosted their price objective on Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. Evercore restated an “outperform” rating and set a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. TD Cowen raised their price objective on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Finally, 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. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $296.42.

Accenture Stock Up 0.5%

Shares of NYSE ACN opened at $208.35 on Friday. The company’s 50 day moving average price is $254.50 and its 200-day moving average price is $251.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. Accenture PLC has a 52-week low of $188.73 and a 52-week high of $359.14. The company has a market capitalization of $128.26 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. During the same quarter in the previous year, the business earned $3.59 earnings per share. 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. Equities analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were given a dividend of $1.63 per share. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 3.1%. Accenture’s dividend payout ratio is presently 53.88%.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction on Tuesday, February 10th. The shares were 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 owned 15,255 shares in the company, valued at $3,679,963.65. The trade was a 28.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Melissa A. Burgum sold 3,588 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the transaction, the chief accounting officer directly owned 8,179 shares in the company, valued at approximately $2,298,380.79. This represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,088 shares of company stock valued at $5,970,434 over the last ninety days. 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.