Boston Common Asset Management LLC Cuts Holdings in Accenture PLC $ACN

Boston Common Asset Management LLC decreased its position in Accenture PLC (NYSE:ACN) by 14.6% during the 3rd quarter, Holdings Channel reports. The fund owned 26,681 shares of the information technology services provider’s stock after selling 4,544 shares during the quarter. Boston Common Asset Management LLC’s holdings in Accenture were worth $6,580,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ACN. Investors Research Corp lifted its position in shares of Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $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 third quarter valued at approximately $28,000. Elevation Wealth Partners LLC increased its stake in 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 buying an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Accenture during the third quarter worth about $32,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of ACN stock opened at $280.71 on Thursday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a market capitalization of $172.81 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25. 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 firm has a fifty day simple moving average of $266.31 and a 200-day simple moving average of $258.62.

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

Accenture Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.3%. Accenture’s payout ratio is currently 53.88%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wolfe Research increased their price objective on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. UBS Group restated a “buy” rating on shares of Accenture in a research report on Wednesday, January 7th. Truist Financial began coverage on shares of Accenture in a research note on Tuesday, January 6th. They set a “buy” rating and a $317.00 price target on the stock. Royal Bank Of Canada set a $300.00 price objective on Accenture in a report on Thursday, December 18th. Finally, TD Cowen boosted their target price on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 19th. Sixteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $297.20.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $253.40, for a total value of $2,280,600.00. Following the sale, the chief executive officer directly owned 14,516 shares of the company’s stock, valued at $3,678,354.40. This represents a 38.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Joel Unruch sold 1,332 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the transaction, the general counsel directly owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. This represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 21,674 shares of company stock valued at $5,661,414. Company insiders own 0.02% of the company’s stock.

About Accenture

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.