Van ECK Associates Corp Boosts Position in Accenture PLC $ACN

Van ECK Associates Corp increased its position in shares of Accenture PLC (NYSE:ACNFree Report) by 22.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,215 shares of the information technology services provider’s stock after acquiring an additional 31,707 shares during the quarter. Van ECK Associates Corp’s holdings in Accenture were worth $42,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investors Research Corp boosted its holdings in Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Accenture by 132.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after buying an additional 61 shares during the last quarter. Davis Capital Management purchased a new stake in shares of Accenture during the 3rd quarter valued at approximately $28,000. Elevation Wealth Partners LLC lifted its holdings in Accenture by 146.0% in the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 73 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Accenture during the third quarter worth $32,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Joel Unruch sold 1,332 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the sale, the general counsel owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 3,588 shares of the stock in a transaction on 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. The trade was a 30.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 22,088 shares of company stock valued at $5,970,434. Corporate insiders own 0.02% of the company’s stock.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

Accenture Stock Performance

Shares of Accenture stock opened at $201.22 on Thursday. The stock has a market capitalization of $123.87 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50-day moving average of $244.68 and a 200 day moving average of $249.57. Accenture PLC has a 12 month low of $188.73 and a 12 month high of $330.00.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the prior year, the company earned $3.59 earnings per share. The business’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. As a group, sell-side analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is currently 53.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ACN shares. Wolfe Research upped their price target on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Rothschild & Co Redburn boosted their price objective on shares of Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Citigroup decreased their target price on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Guggenheim dropped their price target on shares of Accenture from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company boosted their price target on shares of Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.35.

Check Out Our Latest Research Report on Accenture

Accenture Profile

(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.

Featured Stories

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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