Accenture PLC $ACN Shares Sold by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC lowered its position in shares of Accenture PLC (NYSE:ACN) by 54.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,526 shares of the information technology services provider’s stock after selling 7,732 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in Accenture were worth $1,609,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Investors Research Corp lifted its stake in Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Accenture by 132.6% during the third 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 period. Davis Capital Management bought a new position in shares of Accenture in the 3rd quarter worth about $28,000. Elevation Wealth Partners LLC boosted its holdings in shares of Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Accenture during the third quarter worth about $32,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Up 0.2%

Accenture stock opened at $281.13 on Tuesday. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The stock has a market cap of $173.07 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.70 and a beta of 1.25. The company’s 50-day moving average price is $260.95 and its two-hundred day moving average price is $259.24. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same period last year, the firm posted $3.59 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

Insider Buying and Selling at Accenture

In other news, 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 value of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at $346,763.30. The trade was a 64.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the transaction, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 35,151 shares of company stock valued at $8,841,525. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on ACN shares. Rothschild & Co Redburn lifted their target price on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 27th. Truist Financial assumed coverage on Accenture in a research report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 target price on the stock. Royal Bank Of Canada set a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. Finally, Robert W. Baird cut their price objective on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $295.84.

Accenture 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.