Entropy Technologies LP Takes Position in Accenture PLC $ACN

Entropy Technologies LP bought a new position in shares of Accenture PLC (NYSE:ACNFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,626 shares of the information technology services provider’s stock, valued at approximately $9,032,000. Accenture makes up approximately 0.7% of Entropy Technologies LP’s investment portfolio, making the stock its 21st largest position.

Several other institutional investors also recently bought and sold shares of ACN. Brighton Jones LLC lifted its position in shares of Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after acquiring an additional 4,905 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Accenture by 46.9% during the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after purchasing an additional 660 shares in the last quarter. United Bank raised its stake in Accenture by 49.8% in the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 1,209 shares during the last quarter. Verus Capital Partners LLC boosted its stake in Accenture by 16.5% during the 2nd quarter. Verus Capital Partners LLC now owns 820 shares of the information technology services provider’s stock worth $245,000 after purchasing an additional 116 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Accenture by 4.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 95,051 shares of the information technology services provider’s stock worth $28,410,000 after buying an additional 3,659 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Down 2.8%

ACN stock opened at $195.93 on Friday. Accenture PLC has a one year low of $188.73 and a one year high of $326.73. The firm has a market cap of $120.61 billion, a PE ratio of 16.19, a PEG ratio of 1.91 and a beta of 1.27. The firm’s 50 day moving average price is $243.23 and its 200-day moving average price is $249.20. 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:ACNGet Free Report) last issued its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping 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 company had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same period in the prior year, the business posted $3.59 earnings per share. The firm’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 anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed 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 3.3%. The ex-dividend date was Tuesday, January 13th. Accenture’s payout ratio is 53.88%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ACN shares. Royal Bank Of Canada set a $300.00 price target on shares of Accenture in a research note on Thursday, December 18th. Citigroup cut their price objective on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. TD Cowen restated a “buy” rating on shares of Accenture in a report on Thursday, March 5th. Berenberg Bank started coverage on Accenture in a report on Thursday, January 22nd. They issued a “buy” rating and a $313.00 price target for the company. Finally, Piper Sandler set a $282.00 price objective on Accenture in a research report on Thursday, March 5th. Sixteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $288.35.

Read Our Latest Stock Report on ACN

Insider Buying and Selling

In other news, CAO Melissa A. Burgum sold 3,588 shares of the company’s stock in a transaction that occurred on 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Manish Sharma sold 2,731 shares of Accenture stock in a transaction that occurred 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 completion of the sale, the insider owned 7,057 shares of the company’s stock, valued at $2,033,333.41. This trade represents a 27.90% decrease in their position. 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 three months. Company insiders own 0.02% of the company’s stock.

Key Accenture News

Here are the key news stories impacting Accenture this week:

Accenture Company Profile

(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

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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