Waters Parkerson & CO. LLC Buys 1,791 Shares of Accenture PLC $ACN
by Danessa Lincoln · The Markets DailyWaters Parkerson & CO. LLC grew its position in Accenture PLC (NYSE:ACN – Free Report) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,893 shares of the information technology services provider’s stock after purchasing an additional 1,791 shares during the quarter. Accenture makes up approximately 2.5% of Waters Parkerson & CO. LLC’s portfolio, making the stock its 12th largest holding. Waters Parkerson & CO. LLC’s holdings in Accenture were worth $50,773,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Investors Research Corp boosted its holdings in Accenture by 73.8% during the third 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 during the period. Harbor Capital Advisors Inc. lifted its position 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 purchasing an additional 61 shares during the last quarter. Davis Capital Management acquired a new stake in Accenture in the 3rd quarter valued at approximately $28,000. Elevation Wealth Partners LLC lifted its holdings in shares of Accenture by 146.0% during the third 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 stake in shares of Accenture in the third quarter valued at approximately $32,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Manish Sharma sold 2,731 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the completion of the sale, the insider owned 7,057 shares of the company’s stock, valued at approximately $2,033,333.41. This trade represents a 27.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at $346,763.30. This trade represents a 64.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 40,076 shares of company stock valued at $10,256,788. Corporate insiders own 0.02% of the company’s stock.
Accenture Trading Down 0.5%
Shares of ACN opened at $286.33 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a market cap of $176.27 billion, a PE ratio of 23.66, a PEG ratio of 2.77 and a beta of 1.25. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The stock has a 50 day simple moving average of $264.19 and a 200-day simple moving average of $259.43.
Accenture (NYSE:ACN – Get Free Report) last announced its quarterly 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. The firm had revenue of $18.74 billion for 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 revenue was up 5.7% compared to the same quarter last year. During the same period 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. On average, sell-side analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.
Accenture Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is currently 53.88%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ACN. Wolfe Research increased their price target on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Evercore ISI reissued an “outperform” rating and set a $300.00 target price on shares of Accenture in a research report on Thursday, December 18th. Susquehanna raised their price objective on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. UBS Group reissued a “buy” rating on shares of Accenture in a report on Wednesday, January 7th. Finally, Citigroup upgraded Accenture to a “hold” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.20.
Check Out Our Latest Stock Analysis on ACN
Accenture Company 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.
Featured Articles
- Five stocks we like better than Accenture
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- How a Family Trust May Be Able To Help Preserve Your Wealth
- A U.S. “birthright” claim worth trillions – activated quietly
- Executive Order 14330: Trump’s Biggest Yet
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps