Centric Wealth Management Has $2.42 Million Stock Position in Accenture PLC $ACN

Centric Wealth Management boosted its holdings in shares of Accenture PLC (NYSE:ACN) by 617.3% in the third quarter, HoldingsChannel reports. The fund owned 9,691 shares of the information technology services provider’s stock after buying an additional 8,340 shares during the quarter. Centric Wealth Management’s holdings in Accenture were worth $2,424,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Howard Capital Management Inc. boosted its holdings in shares of Accenture by 3.2% during the third quarter. Howard Capital Management Inc. now owns 4,579 shares of the information technology services provider’s stock worth $1,129,000 after purchasing an additional 144 shares during the period. National Pension Service lifted its position in Accenture by 2.7% in the 3rd quarter. National Pension Service now owns 1,344,740 shares of the information technology services provider’s stock worth $331,613,000 after buying an additional 35,275 shares in the last quarter. RWWM Inc. acquired a new stake in shares of Accenture during the 3rd quarter valued at $1,090,000. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Accenture by 23.2% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 20,774 shares of the information technology services provider’s stock valued at $5,123,000 after acquiring an additional 3,915 shares in the last quarter. Finally, Impact Partnership Wealth LLC raised its holdings in shares of Accenture by 87.4% during the third quarter. Impact Partnership Wealth LLC now owns 5,221 shares of the information technology services provider’s stock worth $1,287,000 after acquiring an additional 2,435 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling

In other news, CAO Melissa A. Burgum sold 3,588 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the completion of the transaction, the chief accounting officer owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 1,694 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total transaction of $488,380.20. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 21,934 shares of company stock worth $5,965,166. 0.02% of the stock is currently owned by corporate insiders.

Accenture Trading Up 0.9%

Accenture stock opened at $263.58 on Friday. The business’s 50-day simple moving average is $270.51 and its 200-day simple moving average is $258.00. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The firm has a market capitalization of $162.26 billion, a PE ratio of 21.78, a PEG ratio of 2.52 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $18.51 billion. During the same quarter last year, the firm posted $3.59 EPS. The company’s revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.5%. Accenture’s dividend payout ratio is 53.88%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ACN. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. Guggenheim increased their price objective on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Royal Bank Of Canada set a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. Citigroup upgraded shares of Accenture to a “hold” rating in a report on Thursday, October 23rd. Finally, Wolfe Research upped their price objective on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average price target of $298.38.

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.