Accenture PLC $ACN Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in shares of Accenture PLC (NYSE:ACNFree Report) by 30.8% during the third quarter, HoldingsChannel reports. The firm owned 138,219 shares of the information technology services provider’s stock after selling 61,388 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Accenture were worth $34,085,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Investors Research Corp boosted its position in Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Davis Capital Management acquired a new stake in Accenture during the 3rd quarter valued at approximately $28,000. RMG Wealth Management LLC purchased a new stake in Accenture during the 2nd quarter worth approximately $33,000. Finally, Elevation Wealth Partners LLC raised its position 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 purchasing an additional 73 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ACN shares. Mizuho dropped their price target on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Rothschild & Co Redburn boosted their target price on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday. Stifel Nicolaus cut their target price on shares of Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Wall Street Zen downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $295.84.

Check Out Our Latest Stock Report on ACN

Accenture Stock Down 0.7%

NYSE:ACN opened at $274.00 on Thursday. The firm has a market capitalization of $168.68 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $259.04 and a 200-day moving average of $259.82.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion during the quarter, compared to the consensus estimate 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 in the prior year, the business earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

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

Insider Transactions at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the sale, the chief executive officer 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Manish Sharma sold 6,902 shares of the business’s 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 transaction, the insider owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This represents a 78.77% decrease in their ownership of the stock. 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 quarter. 0.02% of the stock is currently owned by corporate insiders.

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.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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