CIBC Asset Management Inc Trims Stake in Accenture PLC $ACN

CIBC Asset Management Inc cut its position in shares of Accenture PLC (NYSE:ACN) by 6.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 97,764 shares of the information technology services provider’s stock after selling 7,078 shares during the period. CIBC Asset Management Inc’s holdings in Accenture were worth $24,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Investors Research Corp grew its position in shares of Accenture by 73.8% in 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. boosted its stake in 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 acquiring an additional 61 shares in the last quarter. Davis Capital Management purchased a new stake in Accenture in the third quarter worth about $28,000. RMG Wealth Management LLC purchased a new position in shares of Accenture during the second quarter valued at approximately $33,000. Finally, Elevation Wealth Partners LLC boosted 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 worth $30,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, General Counsel Joel Unruch sold 1,332 shares of the company’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 $7,756,925. This represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Manish Sharma sold 2,731 shares of the firm’s stock in a transaction 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 transaction, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,674 shares of company stock valued at $5,661,414 in the last 90 days. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Down 1.4%

NYSE ACN opened at $281.00 on Monday. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $172.99 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 2.71 and a beta of 1.25. The stock’s 50-day moving average price is $267.78 and its 200-day moving average price is $258.09.

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

Accenture Dividend Announcement

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

Analyst Ratings Changes

ACN has been the subject of several recent analyst reports. Berenberg Bank started coverage on Accenture in a research report on Thursday. They issued a “buy” rating and a $313.00 price target for the company. Royal Bank Of Canada set a $300.00 price objective on Accenture in a research report on Thursday, December 18th. Mizuho lowered their price target on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. Susquehanna lifted their price objective on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus target price of $297.81.

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.