Accenture PLC $ACN Stock Acquired by Running Oak Capital LLC

Running Oak Capital LLC lifted its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,144 shares of the information technology services provider's stock after purchasing an additional 4,318 shares during the period. Accenture comprises approximately 1.7% of Running Oak Capital LLC's holdings, making the stock its 26th biggest holding. Running Oak Capital LLC's holdings in Accenture were worth $10,662,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Private Management Group Inc. acquired a new position in Accenture in the 3rd quarter valued at about $213,000. Allspring Global Investments Holdings LLC lifted its holdings in Accenture by 15.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 129,922 shares of the information technology services provider's stock valued at $23,824,000 after purchasing an additional 17,788 shares in the last quarter. StoneRidge PMG Advisors LLC acquired a new stake in shares of Accenture during the 3rd quarter worth about $537,000. Beverly Hills Private Wealth LLC acquired a new stake in shares of Accenture during the 3rd quarter worth about $212,000. Finally, Bryn Mawr Trust Advisors LLC grew its holdings in shares of Accenture by 2.4% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 25,094 shares of the information technology services provider's stock worth $4,602,000 after buying an additional 583 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Accenture news, CAO Melissa A. Burgum sold 811 shares of Accenture stock in a transaction that occurred on 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 of the company's stock, valued at $2,455,000. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula A. Price acquired 800 shares of the firm's stock in a transaction on Monday, October 26th. The shares were acquired at an average price of $249.81 per share, with a total value of $199,848.00. Following the completion of the purchase, the director owned 9,361 shares of the company's stock, valued at $2,338,471.41. This trade represents a 9.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 18,675 shares of company stock worth $4,747,563. Insiders own 0.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ACN shares. Stifel Nicolaus set a $242.00 price objective on shares of Accenture in a research report on Thursday, October 15th. Morgan Stanley raised their target price on shares of Accenture from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Accenture from $136.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, September 18th. Mizuho boosted 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. Finally, Jefferies Financial Group set a $220.00 price target on Accenture in a report on Friday, October 2nd. Ten investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $221.07.

Accenture Trading Down 2.4%

ACN stock opened at $254.34 on Tuesday. The company has a market cap of $150.33 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.03 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $211.64 and a 200-day simple moving average of $191.77. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $291.09.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share 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 firm had revenue of $18.68 billion for the quarter, compared to analysts' expectations of $18.03 billion. During the same quarter last year, the firm earned $3.03 earnings per share. The firm'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. On average, equities research analysts expect that Accenture PLC will post 14.68 EPS for the current year.

Accenture Increases Dividend

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

Accenture 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.

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