50,385 Accenture PLC $ACN Shares Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. grew its position in shares of Accenture PLC (NYSE:ACN) by 34.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 194,868 shares of the information technology services provider’s stock after purchasing an additional 50,385 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Accenture were worth $35,655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. IMG Wealth Management Inc. raised its stake in Accenture by 134.8% during the first quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 89 shares during the last quarter. Foresight Capital Management Advisors Inc. bought a new stake in Accenture during the third quarter valued at $31,000. Signature Equity Partners LLC grew its holdings in Accenture by 50.9% during the 3rd quarter. Signature Equity Partners LLC now owns 172 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 58 shares during the period. Dogwood Wealth Management LLC grew its holdings in Accenture by 147.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 128 shares during the period. Finally, Financial Network Wealth Advisors LLC raised its position in shares of Accenture by 587.5% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 220 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 188 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Price Performance

ACN stock opened at $250.80 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The company’s 50-day moving average is $216.73 and its 200-day moving average is $191.22. The stock has a market capitalization of $148.23 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 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 business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same period in the previous year, the company posted $3.03 EPS. The firm’s revenue 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 research analysts expect that Accenture PLC will post 14.68 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 13th. Stockholders of record on Tuesday, October 13th were issued a dividend of $1.71 per share. This is a positive change from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, October 13th. Accenture’s dividend payout ratio is presently 50.44%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACN. UBS Group set a $278.00 price objective on Accenture in a research note on Thursday, October 15th. Weiss Ratings raised Accenture from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Argus boosted their price target on Accenture from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Jefferies Financial Group set a $220.00 price target on Accenture in a report on Friday, October 2nd. Finally, Mizuho raised their price objective on shares of Accenture from $226.00 to $241.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Ten investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat.com, Accenture presently has a consensus rating of “Hold” and an average target price of $221.07.

Insider Activity

In other news, CAO Melissa Burgum sold 811 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $250.00, for a total transaction of $202,750.00. Following the transaction, the chief accounting officer directly owned 9,820 shares of the company’s stock, valued at $2,455,000. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryoji Sekido sold 5,844 shares of the 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 completion of the transaction, the chief executive officer owned 1,194 shares in the company, valued at approximately $292,338.96. This represents a 83.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 18,675 shares of company stock valued at $4,747,563. Corporate insiders own 0.02% of the company’s stock.

About Accenture

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.