Accenture PLC $ACN Stock: Hohimer Wealth Management LLC Increases Position

Hohimer Wealth Management LLC boosted its position in shares of Accenture PLC (NYSE:ACN) by 37.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,081 shares of the information technology services provider’s stock after purchasing an additional 5,463 shares during the period. Hohimer Wealth Management LLC’s holdings in Accenture were worth $3,682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACN. Bank of America Corp DE boosted 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 valued at $1,295,078,000 after buying an additional 143,483 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Accenture by 17.7% during the third quarter. Pzena Investment Management LLC now owns 6,054,682 shares of the information technology services provider’s stock valued at $1,110,247,000 after acquiring an additional 912,506 shares in the last quarter. First Trust Advisors LP increased its position in shares of Accenture by 120.0% during the first quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock worth $690,475,000 after acquiring an additional 1,899,305 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Accenture by 24.3% during the first quarter. The Manufacturers Life Insurance Company now owns 2,384,954 shares of the information technology services provider’s stock worth $472,913,000 after acquiring an additional 466,452 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its stake in shares of 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 worth $402,825,000 after acquiring an additional 885,687 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Atsushi Egawa sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $270.00, for a total transaction of $2,700,000.00. Following the sale, the chief executive officer directly owned 5,996 shares of the company’s stock, valued at approximately $1,618,920. This represents a 62.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryoji Sekido sold 5,844 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $244.84, for a total value of $1,430,844.96. Following the transaction, the chief executive officer owned 1,194 shares in the company, valued at $292,338.96. This trade represents a 83.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,675 shares of company stock worth $4,747,563. Corporate insiders own 0.02% of the company’s stock.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture and Mondelēz International are applying agentic AI to redesign Mondelēz’s global order-to-cash operations, including ordering, invoicing and collections. The project showcases demand for Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
• Positive Sentiment: A valuation analysis says ACN trades at about 18 times forward earnings, below its 10-year average of 24 times, even after a strong recent rally. That could appeal to investors who see room for the valuation to recover. Accenture’s valuation analysis
• Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his direct holdings by about 62.5%. The sale was made under a pre-arranged Rule 10b5-1 plan, so it is not necessarily a signal about his outlook for the company. Accenture CEO share sale
• Negative Sentiment: Accenture fell even as the market rose, indicating relative weakness in the session. The report describes the decline but does not point to a specific company catalyst. Accenture stock underperforms as the market gains

Accenture Stock Performance

Shares of ACN stock opened at $260.36 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43. Accenture PLC has a one year low of $118.15 and a one year high of $291.09. The company’s 50-day simple moving average is $210.35 and its 200-day simple moving average is $191.91. The stock has a market capitalization of $153.89 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.00 and a beta of 1.01.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping 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 business had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period last year, the firm earned $3.03 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Equities analysts anticipate that Accenture PLC will post 14.68 earnings per share for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, October 13th will be issued a $1.71 dividend. This is a positive change from Accenture’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, October 13th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.6%. Accenture’s dividend payout ratio (DPR) is presently 50.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ACN shares. Mizuho increased their price target on Accenture from $226.00 to $241.00 and gave the company an “outperform” rating in a report on Tuesday, October 6th. Weiss Ratings upgraded Accenture from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 21st. Wells Fargo & Company upped their target price on Accenture from $210.00 to $252.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. Wolfe Research increased their target price on Accenture from $165.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Finally, Susquehanna raised their price target on shares of Accenture from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Accenture has an average rating of “Hold” and an average target price of $221.07.

Accenture Company Profile

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions.

The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.

Accenture traces its roots to the consulting business of accounting firm Arthur Andersen.