Roffman Miller Associates Inc. PA Has $18.05 Million Stake in Accenture PLC $ACN

Roffman Miller Associates Inc. PA reduced its holdings in Accenture PLC (NYSE:ACN) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,201 shares of the information technology services provider’s stock after selling 2,541 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Accenture were worth $18,051,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ACN. Global Retirement Partners LLC bought a new position in shares of Accenture during the second quarter worth approximately $2,658,000. C WorldWide Group Holding A S increased its stake in Accenture by 35.9% during the 2nd quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock worth $2,435,000 after acquiring an additional 2,151 shares during the period. Truist Financial Corp raised its holdings in Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after acquiring an additional 28,685 shares in the last quarter. Norges Bank bought a new stake in shares of Accenture during the 2nd quarter valued at $2,216,850,000. Finally, Redwood Investments LLC grew its holdings in shares of Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 5,917 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total value of $1,459,250.54. Following the completion of the transaction, the chief executive officer directly owned 8,599 shares of the company’s stock, valued at $2,120,685.38. This represents a 40.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the sale, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This trade represents a 64.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ACN shares. UBS Group set a $320.00 price objective on shares of Accenture in a research report on Friday. JPMorgan Chase & Co. dropped their target price on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Robert W. Baird cut their price target on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Rothschild & Co Redburn lifted their price objective on shares of Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. Finally, Mizuho cut their target price on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.29.

Accenture Price Performance

Shares of NYSE ACN opened at $270.65 on Tuesday. The company has a market capitalization of $178.22 billion, a PE ratio of 22.37, a P/E/G ratio of 2.64 and a beta of 1.26. The firm has a fifty day simple moving average of $253.36 and a 200 day simple moving average of $263.02. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.4%. Accenture’s payout ratio is presently 53.88%.

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.