Forvis Mazars Wealth Advisors LLC Increases Stock Position in Accenture PLC $ACN

Forvis Mazars Wealth Advisors LLC raised its position in shares of Accenture PLC (NYSE:ACN) by 53.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,879 shares of the information technology services provider’s stock after buying an additional 6,203 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Accenture were worth $4,409,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Global Retirement Partners LLC purchased a new stake in shares of Accenture during the 2nd quarter worth $2,658,000. C WorldWide Group Holding A S boosted its stake 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 worth $2,435,000 after purchasing an additional 2,151 shares in the last quarter. Truist Financial Corp grew its holdings 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 buying an additional 28,685 shares during the last quarter. Norges Bank acquired a new position in shares of Accenture in the second quarter valued at about $2,216,850,000. Finally, D.A. Davidson & CO. increased its holdings in Accenture by 17.4% in the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock worth $63,771,000 after buying an additional 38,325 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ACN has been the topic of several analyst reports. Jefferies Financial Group increased their price target on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. Rothschild & Co Redburn upped their price objective on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Wall Street Zen downgraded Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $297.20.

Insider Buying and Selling

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $253.40, for a total transaction of $2,280,600.00. Following the sale, the chief executive officer directly owned 14,516 shares in the company, valued at approximately $3,678,354.40. This represents a 38.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Manish Sharma sold 2,731 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the completion of the sale, the insider directly owned 7,057 shares in the company, valued at approximately $2,033,333.41. This represents a 27.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 21,674 shares of company stock valued at $5,661,414. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

Accenture stock opened at $272.45 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $167.72 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.76 and a beta of 1.25. The company’s 50 day simple moving average is $265.62 and its 200-day simple moving average is $258.47. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate of $3.73 by $0.21. The business had revenue of $18.74 billion during 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 company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities research analysts expect 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. 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 payout ratio is presently 53.88%.

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.