Cypress Capital Group Has $2.87 Million Stock Position in Accenture PLC $ACN

Cypress Capital Group lowered its position in shares of Accenture PLC (NYSE:ACN) by 24.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,625 shares of the information technology services provider’s stock after selling 3,765 shares during the quarter. Cypress Capital Group’s holdings in Accenture were worth $2,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACN. Investors Research Corp grew its stake in Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 61 shares during the period. Davis Capital Management acquired a new position in Accenture in the 3rd quarter valued at approximately $28,000. Elevation Wealth Partners LLC lifted its position in Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after buying an additional 73 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Accenture during the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 3.5%

Shares of Accenture stock opened at $261.01 on Friday. Accenture PLC has a 12-month low of $229.40 and a 12-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. The stock has a 50 day moving average price of $270.28 and a two-hundred day moving average price of $258.11. The stock has a market capitalization of $160.68 billion, a P/E ratio of 21.57, a PEG ratio of 2.60 and a beta of 1.25.

Accenture (NYSE:ACN) last issued its quarterly earnings data 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. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business had revenue of $18.74 billion during 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. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders 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 2.5%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Wall Street Analyst Weigh In

ACN has been the topic of a number of research reports. Guggenheim upped their price target on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Truist Financial began coverage on Accenture in a research report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 target price on the stock. Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Royal Bank Of Canada set a $300.00 price objective on Accenture in a report on Thursday, December 18th. Finally, UBS Group lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $298.38.

Insider Buying and Selling at Accenture

In related news, CAO Melissa A. Burgum sold 3,588 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $281.01, for a total value of $1,008,263.88. Following the completion of the sale, the chief accounting officer owned 8,179 shares in the company, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 5,917 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total value of $1,459,250.54. Following the transaction, the chief executive officer owned 8,599 shares in the company, valued at $2,120,685.38. This represents a 40.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,934 shares of company stock valued at $5,965,166 in the last three months. 0.02% of the stock is owned by insiders.

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.