Great Lakes Advisors LLC Sells 2,817 Shares of Accenture PLC $ACN

Great Lakes Advisors LLC decreased its holdings in shares of Accenture PLC (NYSE:ACN) by 18.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,371 shares of the information technology services provider’s stock after selling 2,817 shares during the quarter. Great Lakes Advisors LLC’s holdings in Accenture were worth $3,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Investors Research Corp grew its holdings in Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings 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 worth $26,000 after buying an additional 61 shares in the last quarter. Davis Capital Management bought a new position in shares of Accenture in the third quarter valued at approximately $28,000. Elevation Wealth Partners LLC increased 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 acquiring an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new stake in Accenture in the 3rd quarter worth approximately $32,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Accenture

In related news, CEO John F. Walsh sold 3,986 shares of Accenture stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the transaction, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at $7,523,339.98. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $786,883.03. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 21,934 shares of company stock valued at $5,965,166. 0.02% of the stock is currently owned by insiders.

Accenture Stock Performance

Accenture stock opened at $263.58 on Friday. The firm has a fifty day simple moving average of $270.51 and a two-hundred day simple moving average of $257.87. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. 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 $162.26 billion, a PE ratio of 21.78, a P/E/G ratio of 2.52 and a beta of 1.25.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS 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 for the quarter, compared to the consensus estimate of $18.51 billion. During the same quarter in the previous year, the business 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. Research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 price target on shares of Accenture in a research report on Thursday, December 18th. UBS Group cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group boosted their price target on shares of Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.38.

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.