Franklin Resources Inc. Has $1.74 Billion Stock Position in Accenture PLC $ACN

Franklin Resources Inc. boosted its holdings in Accenture PLC (NYSE:ACNFree Report) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,050,483 shares of the information technology services provider’s stock after purchasing an additional 295,762 shares during the quarter. Franklin Resources Inc. owned about 1.07% of Accenture worth $1,738,649,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SkyView Investment Advisors LLC lifted its position in shares of Accenture by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after acquiring an additional 43 shares during the period. Alpha Cubed Investments LLC increased its stake in Accenture by 6.4% in the second quarter. Alpha Cubed Investments LLC now owns 744 shares of the information technology services provider’s stock valued at $222,000 after purchasing an additional 45 shares in the last quarter. Councilmark Asset Management LLC raised its holdings in shares of Accenture by 0.5% during the second quarter. Councilmark Asset Management LLC now owns 9,344 shares of the information technology services provider’s stock valued at $2,793,000 after purchasing an additional 45 shares during the period. Investors Research Corp boosted its position in shares of Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Finally, WP Advisors LLC boosted its position in shares of Accenture by 1.0% during the 2nd quarter. WP Advisors LLC now owns 4,719 shares of the information technology services provider’s stock worth $1,410,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Joel Unruch sold 1,026 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $281.70, for a total value of $289,024.20. Following the completion of the transaction, the general counsel directly owned 27,181 shares of the company’s stock, valued at $7,656,887.70. This represents a 3.64% 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, COO Catherine Kiernan Hogan sold 660 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $280.93, for a total value of $185,413.80. Following the sale, the chief operating officer directly owned 12,688 shares of the company’s stock, valued at $3,564,439.84. The trade was a 4.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,088 shares of company stock worth $5,970,434 in the last ninety days. 0.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on ACN shares. Jefferies Financial Group boosted their target price on Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, January 8th. BMO Capital Markets reissued a “market perform” rating and issued a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Piper Sandler set a $282.00 price objective on Accenture in a report on Thursday, March 5th. UBS Group downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Accenture in a research note on Thursday, March 5th. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $289.50.

View Our Latest Report on Accenture

Accenture News Summary

Here are the key news stories impacting Accenture this week:

Accenture Trading Down 3.8%

NYSE ACN opened at $201.36 on Wednesday. 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 business has a fifty day simple moving average of $246.03 and a 200 day simple moving average of $249.91. Accenture PLC has a 12 month low of $188.73 and a 12 month high of $334.43. The firm has a market capitalization of $123.96 billion, a P/E ratio of 16.64, a PEG ratio of 1.99 and a beta of 1.27.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same period in the previous year, the firm earned $3.59 EPS. The business’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, analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio is presently 53.88%.

About Accenture

(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.

Further Reading

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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