Accenture PLC $ACN Stock Holdings Boosted by MGO One Seven LLC

MGO One Seven LLC boosted its stake in shares of Accenture PLC (NYSE:ACN) by 88.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,670 shares of the information technology services provider’s stock after buying an additional 13,492 shares during the period. MGO One Seven LLC’s holdings in Accenture were worth $5,257,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ACN. Bank of America Corp DE raised its position in Accenture by 2.2% in the 1st quarter. Bank of America Corp DE now owns 6,531,231 shares of the information technology services provider’s stock worth $1,295,078,000 after purchasing an additional 143,483 shares during the period. First Trust Advisors LP boosted its position in shares of Accenture by 120.0% in the 1st quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock worth $690,475,000 after purchasing an additional 1,899,305 shares in the last quarter. Flossbach Von Storch SE acquired a new position in Accenture during the 2nd quarter valued at about $309,873,000. The Manufacturers Life Insurance Company raised its stake in Accenture by 24.3% in the first quarter. The Manufacturers Life Insurance Company now owns 2,384,954 shares of the information technology services provider’s stock valued at $472,913,000 after buying an additional 466,452 shares during the last quarter. Finally, Artemis Investment Management LLP raised its stake in Accenture by 67.6% in the third quarter. Artemis Investment Management LLP now owns 2,196,789 shares of the information technology services provider’s stock valued at $402,825,000 after buying an additional 885,687 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryoji Sekido sold 5,844 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $244.84, for a total transaction of $1,430,844.96. Following the completion of the transaction, the chief executive officer directly owned 1,194 shares in the company, valued at $292,338.96. This trade represents a 83.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paula Price purchased 800 shares of the business’s stock in a transaction on Monday, October 26th. The shares were bought at an average price of $249.81 per share, for a total transaction of $199,848.00. Following the acquisition, the director owned 9,361 shares in the company, valued at $2,338,471.41. This trade represents a 9.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 8,675 shares of company stock valued at $2,047,563 over the last quarter. 0.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACN. Robert W. Baird lowered Accenture from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $245.00 to $252.00 in a research note on Wednesday, October 21st. Stifel Nicolaus set a $242.00 price objective on shares of Accenture in a research report on Thursday, October 15th. Truist Financial lifted their target price on shares of Accenture from $150.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, October 2nd. Citigroup boosted their target price on shares of Accenture from $135.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, August 24th. Finally, Wells Fargo & Company upped their price target on shares of Accenture from $210.00 to $252.00 and gave the company an “equal weight” rating in a research note on Monday, October 26th. Ten investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $221.07.

Accenture Trading Up 1.3%

ACN stock opened at $261.47 on Tuesday. Accenture PLC has a 52-week low of $118.15 and a 52-week high of $291.09. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $154.54 billion, a P/E ratio of 19.28, a PEG ratio of 1.87 and a beta of 1.11. The company’s 50-day simple moving average is $204.28 and its 200-day simple moving average is $192.36.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.11. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same quarter last year, the firm posted $3.03 EPS. The business’s revenue was up 6.2% on a year-over-year basis. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, equities analysts forecast that Accenture PLC will post 14.68 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be given a $1.71 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This is an increase from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 2.6%. Accenture’s dividend payout ratio is currently 50.44%.

Accenture Company Profile

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.