Vestcor Inc Has $5.52 Million Stake in Accenture PLC $ACN

Vestcor Inc reduced its stake in Accenture PLC (NYSE:ACN) by 31.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,384 shares of the information technology services provider’s stock after selling 10,497 shares during the quarter. Vestcor Inc’s holdings in Accenture were worth $5,520,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sanders Capital LLC acquired a new stake in shares of Accenture in the second quarter worth $2,637,640,000. Norges Bank acquired a new position in Accenture in the 2nd quarter valued at $2,216,850,000. Vanguard Group Inc. raised its holdings 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 acquiring an additional 1,315,548 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Accenture by 12.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock worth $2,502,446,000 after acquiring an additional 1,148,970 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Accenture by 85.9% during the 3rd quarter. First Trust Advisors LP now owns 2,041,945 shares of the information technology services provider’s stock worth $503,544,000 after acquiring an additional 943,371 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Rothschild & Co Redburn raised their price target on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Berenberg Bank began coverage on Accenture in a research report on Thursday, January 22nd. They set a “buy” rating and a $313.00 price objective for the company. UBS Group downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Finally, HSBC upped their price target on Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $291.69.

Accenture Stock Down 2.7%

NYSE ACN opened at $209.18 on Tuesday. Accenture PLC has a twelve month low of $188.73 and a twelve month high of $339.90. The stock has a market cap of $128.77 billion, a PE ratio of 17.29, a PEG ratio of 2.07 and a beta of 1.28. The firm has a 50-day simple moving average of $247.40 and a 200 day simple moving average of $250.32. 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 (NYSE:ACN) last issued its quarterly 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 return on equity of 26.65% and a net margin of 10.76%.The firm had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. During the same period in the previous year, the company posted $3.59 earnings per share. The company’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. On average, research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

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

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 6,057 shares of the 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 transaction, the chief executive officer owned 15,255 shares in the company, valued at approximately $3,679,963.65. This represents a 28.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 1,332 shares of Accenture stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total transaction of $366,300.00. Following the sale, the general counsel owned 28,207 shares in the company, valued at approximately $7,756,925. This trade represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 22,088 shares of company stock valued at $5,970,434 over the last 90 days. Corporate 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.