Frazier Financial Advisors LLC Sells 1,857 Shares of Accenture PLC $ACN

Frazier Financial Advisors LLC lowered its holdings in shares of Accenture PLC (NYSE:ACN) by 14.4% in the third quarter, HoldingsChannel reports. The firm owned 10,995 shares of the information technology services provider’s stock after selling 1,857 shares during the period. Accenture makes up 1.7% of Frazier Financial Advisors LLC’s portfolio, making the stock its 13th largest position. Frazier Financial Advisors LLC’s holdings in Accenture were worth $2,711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ACN. Investors Research Corp boosted its holdings 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 period. Harbor Capital Advisors Inc. grew its position in shares of 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 bought a new position in shares of Accenture during the third quarter worth approximately $28,000. Elevation Wealth Partners LLC lifted its holdings in Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Accenture during the 3rd quarter worth approximately $32,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of NYSE:ACN opened at $281.00 on Friday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The stock has a market capitalization of $172.99 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 2.71 and a beta of 1.25. 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 company’s 50 day simple moving average is $267.78 and its 200 day simple moving average is $258.36.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping 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 analysts’ expectations of $18.51 billion. During the same period in the prior year, the company earned $3.59 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.3%. Accenture’s payout ratio is 53.88%.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 1,694 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total transaction of $488,380.20. Following the sale, the chief executive officer owned 37,346 shares of the company’s stock, valued at approximately $10,766,851.80. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Manish Sharma sold 2,731 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total value of $786,883.03. Following the completion of the transaction, the insider owned 7,057 shares of the company’s stock, valued at $2,033,333.41. The trade was a 27.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 21,674 shares of company stock worth $5,661,414. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ACN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. Susquehanna raised their price target on shares of Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. TD Cowen boosted their price objective on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 target price on shares of Accenture in a report on Thursday, December 18th. Finally, Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $297.81.

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.