Accenture PLC $ACN Shares Sold by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC trimmed its position in shares of Accenture PLC (NYSE:ACN) by 38.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,270 shares of the information technology services provider’s stock after selling 4,500 shares during the period. Wellington Shields Capital Management LLC’s holdings in Accenture were worth $1,793,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ACN. Investors Research Corp grew its stake in shares of Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Accenture by 132.6% during the 3rd 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 purchased a new position in shares of Accenture in the 3rd quarter valued at about $28,000. Elevation Wealth Partners LLC raised its position in shares of 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 in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in Accenture during the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 3.2%

ACN opened at $240.95 on Friday. The business has a 50 day moving average price of $270.21 and a two-hundred day moving average price of $256.75. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $392.02. The company has a market cap of $148.33 billion, a PE ratio of 19.91, a P/E/G ratio of 2.25 and a beta of 1.24. 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 (NYSE:ACN) last released its quarterly earnings results 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 business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the prior year, the business earned $3.59 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, research analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently declared 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 2.7%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is 53.88%.

Insider Transactions at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 1,694 shares of Accenture stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $288.30, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 3,588 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $281.01, for a total value of $1,008,263.88. Following the transaction, the chief accounting officer directly owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,031 shares of company stock valued at $4,509,304 over the last 90 days. Insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ACN. Wolfe Research raised 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. Susquehanna boosted their price target on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 target price on shares of Accenture in a research report on Thursday, December 18th. Royal Bank Of Canada set a $300.00 target price on Accenture in a research report on Thursday, December 18th. Finally, Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Sixteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $298.38.

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.