Bath Savings Trust Co Sells 3,425 Shares of Accenture PLC $ACN

Bath Savings Trust Co decreased its stake in Accenture PLC (NYSE:ACN) by 17.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,966 shares of the information technology services provider’s stock after selling 3,425 shares during the period. Bath Savings Trust Co’s holdings in Accenture were worth $3,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ACN. Global Retirement Partners LLC bought a new stake in Accenture in the 2nd quarter valued at about $2,658,000. C WorldWide Group Holding A S raised its position in Accenture by 35.9% in the 2nd quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after buying an additional 2,151 shares during the last quarter. Truist Financial Corp lifted its position in shares of Accenture by 7.0% during the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after purchasing an additional 28,685 shares in the last quarter. Norges Bank purchased a new position in shares of Accenture in the 2nd quarter worth approximately $2,216,850,000. Finally, Redwood Investments LLC grew its stake in Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after purchasing an additional 1,287 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of research reports. Citigroup raised shares of Accenture to a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Robert W. Baird decreased their price target on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. JPMorgan Chase & Co. lowered their target price on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and an average target price of $296.75.

Insider Transactions at Accenture

In related news, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the company’s 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 directly 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,319 shares of company stock worth $8,335,225. Company insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of Accenture stock opened at $269.84 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The business’s 50 day simple moving average is $252.18 and its two-hundred day simple moving average is $264.34. The stock has a market capitalization of $177.68 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.21. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter last year, the business earned $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. Analysts forecast that Accenture PLC will post 12.73 EPS for the current 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 dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio is 53.66%.

Accenture Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.