State of New Jersey Common Pension Fund D Raises Stake in Accenture PLC $ACN

State of New Jersey Common Pension Fund D increased its stake in Accenture PLC (NYSE:ACN) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,311 shares of the information technology services provider’s stock after buying an additional 5,863 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Accenture were worth $53,589,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Conscious Wealth Investments LLC increased its position in shares of Accenture by 15.6% during the third quarter. Conscious Wealth Investments LLC now owns 11,884 shares of the information technology services provider’s stock worth $2,972,000 after acquiring an additional 1,608 shares during the period. Troy Asset Management Ltd grew its stake in Accenture by 42.1% in the third quarter. Troy Asset Management Ltd now owns 78,822 shares of the information technology services provider’s stock worth $19,438,000 after purchasing an additional 23,343 shares in the last quarter. Uniting Wealth Partners LLC increased its holdings in Accenture by 6.6% during the 3rd quarter. Uniting Wealth Partners LLC now owns 5,491 shares of the information technology services provider’s stock worth $1,354,000 after purchasing an additional 342 shares during the period. Aberdeen Group plc lifted its holdings in shares of Accenture by 10.3% in the 3rd quarter. Aberdeen Group plc now owns 916,107 shares of the information technology services provider’s stock worth $227,744,000 after buying an additional 85,221 shares during the period. Finally, Cidel Asset Management Inc. grew its position in shares of Accenture by 13.8% during the 3rd quarter. Cidel Asset Management Inc. now owns 2,855 shares of the information technology services provider’s stock worth $704,000 after buying an additional 346 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Performance

Shares of ACN stock opened at $224.03 on Friday. Accenture PLC has a 12-month low of $215.16 and a 12-month high of $392.02. The business’s fifty day simple moving average is $266.75 and its 200-day simple moving average is $254.78. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The company has a market cap of $137.92 billion, a PE ratio of 18.51, a PEG ratio of 2.16 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its earnings results 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. The firm had revenue of $18.74 billion for 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 firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.59 EPS. 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 Dividend Announcement

The business 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. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.9%. Accenture’s dividend payout ratio (DPR) is 53.88%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the completion of the transaction, the chief executive officer owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. This trade represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Joel Unruch sold 1,332 shares of the business’s stock in a transaction on 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 directly owned 28,207 shares in the company, valued at $7,756,925. This trade represents a 4.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,088 shares of company stock worth $5,970,434 in the last three months. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ACN shares. UBS Group lowered shares of Accenture from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. Truist Financial initiated coverage on shares of Accenture in a research note on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price objective for the company. TD Cowen increased their target price on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Guggenheim boosted their price target on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $298.38.

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.