Accenture PLC $ACN Shares Sold by Caldwell Trust Co

Caldwell Trust Co lessened its holdings in Accenture PLC (NYSE:ACNFree Report) by 18.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,024 shares of the information technology services provider’s stock after selling 1,853 shares during the period. Caldwell Trust Co’s holdings in Accenture were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ACN. Investors Research Corp lifted its position in Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Accenture by 132.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 61 shares during the last quarter. Davis Capital Management acquired a new position in shares of Accenture in the 3rd quarter valued at about $28,000. RMG Wealth Management LLC acquired a new stake in Accenture during the second quarter worth about $33,000. Finally, Elevation Wealth Partners LLC raised its position in Accenture by 146.0% during the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 73 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Accenture

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Insider Buying and Selling

In other Accenture news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the transaction, the insider owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction on Wednesday, October 22nd. The stock was 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 in the company, valued at approximately $346,763.30. This represents a 64.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 35,151 shares of company stock worth $8,841,525 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of Accenture stock opened at $274.00 on Thursday. The stock has a market capitalization of $168.68 billion, a P/E ratio of 22.64, a PEG ratio of 2.66 and a beta of 1.25. The business has a 50 day simple moving average of $259.04 and a two-hundred day simple moving average of $259.82. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41.

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

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors 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 yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ACN. UBS Group reaffirmed a “buy” rating on shares of Accenture in a research note on Wednesday. Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Truist Financial began coverage on shares of Accenture in a research note on Tuesday. They set a “buy” rating and a $317.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average price target of $295.84.

Check Out Our Latest Stock Analysis on ACN

About Accenture

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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