Crossmark Global Holdings Inc. Grows Holdings in Accenture PLC $ACN

Crossmark Global Holdings Inc. boosted its holdings in shares of Accenture PLC (NYSE:ACNFree Report) by 110.3% during the 3rd quarter, Holdings Channel reports. The firm owned 89,584 shares of the information technology services provider’s stock after buying an additional 46,993 shares during the period. Crossmark Global Holdings Inc.’s holdings in Accenture were worth $22,091,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Investors Research Corp increased its holdings in shares of Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Davis Capital Management bought a new stake in shares of Accenture in the 3rd quarter valued at approximately $28,000. Elevation Wealth Partners LLC raised its holdings in Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new stake in Accenture in the third quarter worth $32,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Up 2.5%

Shares of NYSE ACN opened at $215.24 on Friday. Accenture PLC has a twelve month low of $188.73 and a twelve month high of $347.10. 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 business has a fifty day simple moving average of $249.72 and a two-hundred day simple moving average of $250.92. The firm has a market cap of $132.51 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27.

Accenture (NYSE:ACNGet Free Report) 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 firm had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. During the same period in the previous year, the company posted $3.59 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Analysts Set New Price Targets

ACN has been the subject of several analyst reports. UBS Group lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Berenberg Bank started coverage on Accenture in a research report on Thursday, January 22nd. They set a “buy” rating and a $313.00 target price for the company. Truist Financial started coverage on Accenture in a report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and set a $330.00 price objective on shares of Accenture in a report on Thursday, December 18th. Finally, Rothschild & Co Redburn increased their target price on Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Sixteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $293.62.

View Our Latest Report on Accenture

Accenture News Summary

Here are the key news stories impacting Accenture this week:

Insider Activity at Accenture

In related news, COO Catherine Kiernan Hogan sold 660 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $280.93, for a total transaction of $185,413.80. Following the sale, the chief operating officer owned 12,688 shares of the company’s stock, valued at $3,564,439.84. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Melissa A. Burgum sold 3,588 shares of Accenture stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $281.01, for a total value of $1,008,263.88. Following the completion of the transaction, the chief accounting officer owned 8,179 shares in the company, valued at $2,298,380.79. This trade represents a 30.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,088 shares of company stock valued at $5,970,434 over the last 90 days. Insiders own 0.02% of the company’s stock.

About Accenture

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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