Quantitative Investment Management LLC Invests $7.07 Million in Accenture PLC $ACN

Quantitative Investment Management LLC bought a new stake in Accenture PLC (NYSE:ACNFree Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,685 shares of the information technology services provider’s stock, valued at approximately $7,073,000. Accenture makes up approximately 1.0% of Quantitative Investment Management LLC’s investment portfolio, making the stock its 25th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after buying an additional 4,905 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Accenture by 46.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after acquiring an additional 660 shares in the last quarter. United Bank increased its stake in Accenture by 49.8% in the second quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock valued at $1,088,000 after acquiring an additional 1,209 shares during the period. Verus Capital Partners LLC raised its position in Accenture by 16.5% in the second 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 in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in 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 purchasing an additional 3,659 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 2.8%

NYSE ACN opened at $195.93 on Friday. The stock’s 50 day simple moving average is $243.23 and its 200 day simple moving average is $249.20. 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 price-to-earnings-growth ratio of 1.91 and a beta of 1.27. 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:ACNGet Free Report) last issued its quarterly earnings data 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. The firm had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, sell-side analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently declared 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 yield of 3.3%. Accenture’s dividend payout ratio is 53.88%.

Insider Activity

In other Accenture news, COO Catherine Kiernan Hogan sold 660 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $280.93, for a total value of $185,413.80. Following the completion of the sale, the chief operating officer owned 12,688 shares in the company, valued at approximately $3,564,439.84. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 6,057 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the completion of the transaction, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at approximately $3,679,963.65. This represents a 28.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Accenture from $280.00 to $230.00 and set a “hold” rating on the stock in a report on Friday, March 6th. Wolfe Research boosted their price target on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Berenberg Bank started coverage on Accenture in a research report on Thursday, January 22nd. They issued a “buy” rating and a $313.00 price target on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Finally, Guggenheim reduced their target price on shares of Accenture from $305.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday. Sixteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $288.35.

View Our Latest Analysis on Accenture

Key Headlines Impacting Accenture

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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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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