Mirae Asset Global Investments Co. Ltd. Purchases 22,897 Shares of Accenture PLC $ACN

by · The Cerbat Gem

Mirae Asset Global Investments Co. Ltd. lifted its position in Accenture PLC (NYSE:ACNFree Report) by 32.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 93,784 shares of the information technology services provider’s stock after acquiring an additional 22,897 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Accenture were worth $23,127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ACN. Investors Research Corp boosted 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 purchasing an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position 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 valued at $26,000 after buying an additional 61 shares during the last quarter. Davis Capital Management bought a new stake in Accenture in the 3rd quarter worth about $28,000. Elevation Wealth Partners LLC raised 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 during the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in Accenture during the 3rd quarter valued at about $32,000. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Shares of Accenture stock opened at $261.01 on Friday. The stock has a market cap of $160.68 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s fifty day moving average is $270.28 and its 200 day moving average is $258.11. Accenture PLC has a one year low of $229.40 and a one year high of $398.35.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio is presently 53.88%.

Insider Transactions at Accenture

In other Accenture news, General Counsel Joel Unruch sold 1,026 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $281.70, for a total transaction of $289,024.20. Following the sale, the general counsel directly owned 27,181 shares of the company’s stock, valued at $7,656,887.70. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Catherine Kiernan Hogan sold 660 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $280.93, for a total value of $185,413.80. Following the completion of the transaction, the chief operating officer directly owned 12,688 shares of the company’s stock, valued at approximately $3,564,439.84. This trade represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 21,934 shares of company stock valued at $5,965,166. Company insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on ACN shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Jefferies Financial Group boosted their target price on shares of Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research note on Thursday, January 8th. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price target on shares of Accenture in a research note on Thursday, December 18th. Berenberg Bank began coverage on Accenture in a research report on Thursday, January 22nd. They set a “buy” rating and a $313.00 price objective for the company. Finally, Rothschild & Co Redburn raised their target price on Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Sixteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $298.38.

Check Out Our Latest Stock Report on Accenture

Accenture Company 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.

See Also

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