Accenture PLC $ACN Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company lessened its stake in Accenture PLC (NYSE:ACN) by 32.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,383 shares of the information technology services provider’s stock after selling 2,060 shares during the period. Romano Brothers AND Company’s holdings in Accenture were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Accenture in the 2nd quarter valued at about $2,658,000. C WorldWide Group Holding A S grew its stake in shares of 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 purchasing an additional 2,151 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Accenture by 7.0% in 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 during the period. Norges Bank purchased a new stake in shares of Accenture during the second quarter worth approximately $2,216,850,000. Finally, Redwood Investments LLC lifted its holdings in shares of Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ACN. Evercore ISI restated an “outperform” rating and set a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. JPMorgan Chase & Co. reduced their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft boosted their target price on Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a research report on Wednesday, December 10th. Jefferies Financial Group raised their price target on Accenture from $250.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 10th. Finally, TD Cowen lifted their price target on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average price target of $296.83.

Accenture Price Performance

Shares of NYSE:ACN opened at $268.44 on Friday. The firm has a market capitalization of $165.25 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.59 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50 day simple moving average is $257.59 and its 200-day simple moving average is $261.15. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35.

Accenture (NYSE:ACN) last issued its quarterly earnings data 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. The firm had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.Accenture’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is 53.88%.

Insiders Place Their Bets

In related news, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the transaction, the chief executive officer directly owned 1,390 shares in the company, 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 available at this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 33,319 shares of company stock worth $8,335,225. Insiders own 0.02% of the company’s stock.

Accenture Company 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.