Bey Douglas LLC Trims Holdings in Accenture PLC $ACN

Bey Douglas LLC lowered its stake in shares of Accenture PLC (NYSE:ACN) by 90.3% in the third quarter, Holdings Channel reports. The institutional investor owned 2,041 shares of the information technology services provider’s stock after selling 19,067 shares during the quarter. Accenture accounts for approximately 0.4% of Bey Douglas LLC’s portfolio, making the stock its 26th biggest position. Bey Douglas LLC’s holdings in Accenture were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ACN. Firethorn Wealth Partners LLC grew its stake in Accenture by 4.4% in the second quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after purchasing an additional 36 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Accenture by 0.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after purchasing an additional 38 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Accenture by 3.5% during the second quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock worth $363,000 after buying an additional 41 shares during the period. Omnia Family Wealth LLC grew its stake in shares of Accenture by 5.2% in the second quarter. Omnia Family Wealth LLC now owns 847 shares of the information technology services provider’s stock worth $253,000 after purchasing an additional 42 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its stake in Accenture by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after buying an additional 43 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Joel Unruch sold 1,332 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total value of $366,300.00. Following the completion of the transaction, the general counsel directly owned 28,207 shares in the company, valued at approximately $7,756,925. The trade was a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Manish Sharma sold 2,731 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total value of $786,883.03. Following the transaction, the insider owned 7,057 shares of the company’s stock, valued at approximately $2,033,333.41. This trade represents a 27.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,674 shares of company stock valued at $5,661,414 in the last three months. 0.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ACN has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Dbs Bank raised Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. lowered their price target on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. Wall Street Zen downgraded Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Evercore ISI restated an “outperform” rating and issued a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. Sixteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average target price of $297.20.

Accenture Price Performance

Shares of ACN stock opened at $280.71 on Thursday. 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 market cap of $172.81 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 2.63 and a beta of 1.25. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The stock’s fifty day simple moving average is $266.31 and its 200 day simple moving average is $258.62.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the previous year, the company posted $3.59 earnings per share. Accenture’s quarterly 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. On average, analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend 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.