Vaughan David Investments LLC IL Acquires 5,963 Shares of Accenture PLC $ACN

Vaughan David Investments LLC IL raised its stake in Accenture PLC (NYSE:ACN) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,537 shares of the information technology services provider’s stock after purchasing an additional 5,963 shares during the period. Vaughan David Investments LLC IL’s holdings in Accenture were worth $35,150,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new stake in Accenture in the 2nd quarter worth about $2,658,000. C WorldWide Group Holding A S raised its position in shares of Accenture by 35.9% in the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after buying an additional 2,151 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Accenture by 7.0% in the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after buying an additional 28,685 shares during the period. Norges Bank acquired a new stake in Accenture during the second quarter worth approximately $2,216,850,000. Finally, D.A. Davidson & CO. increased its stake in Accenture by 17.4% during the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock worth $63,771,000 after acquiring an additional 38,325 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other Accenture news, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $280.00, for a total transaction of $140,000.00. Following the completion of the transaction, the chief executive officer owned 7,123 shares in the company, valued at $1,994,440. This trade represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the sale, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 40,076 shares of company stock worth $10,256,788. 0.02% of the stock is owned by company insiders.

Accenture Price Performance

Accenture stock opened at $283.93 on Tuesday. The company has a market capitalization of $174.79 billion, a PE ratio of 23.46, a P/E/G ratio of 2.76 and a beta of 1.25. The stock has a 50-day moving average price of $265.02 and a two-hundred day moving average price of $258.69. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating 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 analysts’ expectations of $18.51 billion. During the same period in the previous year, the company earned $3.59 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.3%. Accenture’s payout ratio is presently 53.88%.

Analyst Ratings Changes

Several analysts have recently issued reports on ACN shares. Cowen reissued a “buy” rating on shares of Accenture in a report on Friday, September 26th. Royal Bank Of Canada set a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. TD Cowen upped their price target on shares of Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Susquehanna lifted their price objective on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average target price of $297.20.

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.