Chicago Capital LLC Sells 3,475 Shares of Accenture PLC $ACN

Chicago Capital LLC decreased its stake in shares of Accenture PLC (NYSE:ACN) by 29.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,253 shares of the information technology services provider’s stock after selling 3,475 shares during the quarter. Chicago Capital LLC’s holdings in Accenture were worth $2,035,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the period. Redwood Investments LLC grew its holdings in shares of Accenture by 6.2% in the 1st 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 last quarter. Voleon Capital Management LP acquired a new stake in shares of Accenture during the 1st quarter worth about $1,387,000. Hamilton Capital LLC lifted its holdings in Accenture by 5.1% during the 1st quarter. Hamilton Capital LLC now owns 1,502 shares of the information technology services provider’s stock valued at $469,000 after purchasing an additional 73 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in Accenture by 0.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 19,529 shares of the information technology services provider’s stock valued at $6,094,000 after buying an additional 174 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Susquehanna raised their price target on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Stifel Nicolaus lowered their target price on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Finally, UBS Group set a $320.00 price target on Accenture in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $294.96.

Insider Activity

In related news, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction that occurred on 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 owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the sale, the chief executive officer owned 23,516 shares in the company, valued at $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. Insiders sold 33,319 shares of company stock worth $8,335,225 over the last quarter. 0.02% of the stock is currently owned by company insiders.

Accenture Trading Up 1.5%

ACN opened at $263.87 on Tuesday. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The company has a market cap of $162.44 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 2.51 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 firm has a 50 day simple moving average of $258.09 and a 200 day simple moving average of $259.79.

Accenture (NYSE:ACN) last posted its quarterly 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. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business 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 2.5%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is 53.88%.

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.