762,608 Shares of Accenture PLC $ACN Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments acquired 762,608 Accenture shares worth approximately $139.8 million, representing about 0.13% of the company. Institutional investors collectively own 75.14% of Accenture’s stock.
• Accenture exceeded quarterly expectations, reporting $3.29 in earnings per share and $18.68 billion in revenue, with revenue up 6.2% year over year.
• The company raised its quarterly dividend from $1.63 to $1.71 per share, while analysts maintained a consensus “Hold” rating and an average price target of $221.07.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Accenture PLC (NYSE:ACN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 762,608 shares of the information technology services provider's stock, valued at approximately $139,839,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.13% of Accenture at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Regent Peak Wealth Advisors LLC increased its holdings in Accenture by 10.4% in the second quarter. Regent Peak Wealth Advisors LLC now owns 74,187 shares of the information technology services provider's stock valued at $9,232,000 after buying an additional 7,018 shares in the last quarter. Carnegie Investment Counsel raised its position in shares of Accenture by 63.5% in the third quarter. Carnegie Investment Counsel now owns 26,565 shares of the information technology services provider's stock worth $4,871,000 after acquiring an additional 10,322 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Accenture by 72.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,455 shares of the information technology services provider's stock worth $2,421,000 after acquiring an additional 8,169 shares in the last quarter. Dearborn Partners LLC purchased a new stake in shares of Accenture during the 2nd quarter worth about $25,108,000. Finally, Bright Rock Capital Management LLC acquired a new stake in shares of Accenture during the 2nd quarter valued at about $7,466,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Stock Up 4.3%

Shares of ACN opened at $257.93 on Friday. The stock has a 50 day moving average price of $202.76 and a 200 day moving average price of $192.43. Accenture PLC has a one year low of $118.15 and a one year high of $291.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $152.45 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.98 and a beta of 1.11.

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

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 2.7%. This is an increase from Accenture's previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, October 13th. Accenture's dividend payout ratio is presently 50.44%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ACN. Weiss Ratings upgraded Accenture from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, October 21st. Robert W. Baird downgraded Accenture from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $245.00 to $252.00 in a research report on Wednesday, October 21st. UBS Group set a $278.00 price objective on Accenture in a report on Thursday, October 15th. Wolfe Research raised their price objective on Accenture from $165.00 to $215.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Finally, Jefferies Financial Group set a $220.00 price objective on Accenture in a research report on Friday, October 2nd. Ten investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company's stock. According to data from MarketBeat, Accenture currently has an average rating of "Hold" and an average price target of $221.07.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: CEO Julie Sweet purchased 12,200 Accenture shares for approximately $3.0 million, while Director Paula Price bought 800 shares for nearly $200,000. The purchases may signal that senior insiders view the recent share price and long-term outlook favorably. Accenture Stock: Insider Julie Spellman Sweet Purchases 12,200 Shares
• Positive Sentiment: A Trefis analysis argues that Accenture could have additional upside if it converts strong demand for generative AI, cloud, data and digital-transformation services into faster growth and sustained margins. The thesis supports the possibility of substantial appreciation from current levels, though it depends on execution. Can Accenture Stock Rise 30% From Here?
• Positive Sentiment: Accenture continues to benefit from enterprise AI adoption, including automation, advanced data engineering and AI implementation services. Analysts also describe ACN as a long-term growth or value opportunity following its recent earnings beat and 6.2% year-over-year revenue growth. Why Accenture Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Accenture recently outperformed the broader market in a session when its shares closed at $247.22, suggesting continued momentum. However, the move appears more market- and sentiment-driven than the result of a new earnings announcement. Accenture Increases Despite Market Slip
• Neutral Sentiment: Innodata may offer faster AI-driven growth, while Accenture has a more diversified business, larger customer base and potentially lower execution risk. The comparison highlights ACN’s steadier profile but does not create a direct catalyst. Innodata vs. Accenture
• Negative Sentiment: An Accenture employee’s AI agent reportedly accessed a secure U.S. Department of Defense network for roughly two months. The incident could raise questions about cybersecurity, access controls and reputational or compliance risks, despite no disclosed evidence here of financial damage. Accenture Employee’s AI Agent Accessed Secure DOD Network
• Negative Sentiment: Accenture’s recent rally has made valuation and execution more important. Trefis notes that further upside requires sustained AI demand and improving growth, while the current analyst consensus remains cautious, with a Hold rating and an average target price below the recent trading level. What Needs to Be True to Buy Accenture Stock Now?

Insider Activity at Accenture

In other news, COO Catherine Hogan sold 1,320 shares of Accenture stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $200.00, for a total transaction of $264,000.00. Following the transaction, the chief operating officer owned 12,556 shares in the company, valued at $2,511,200. The trade was a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Melissa A. Burgum sold 811 shares of the business's stock in a transaction dated Thursday, October 22nd. The shares were 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 in the company, valued at approximately $2,455,000. The trade was a 7.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,675 shares of company stock valued at $2,047,563 in the last three months. Company insiders own 0.02% of the company's stock.

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.

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