Dakota Wealth Management Trims Stake in Accenture PLC $ACN

Dakota Wealth Management decreased its stake in shares of Accenture PLC (NYSE:ACNFree Report) by 19.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,525 shares of the information technology services provider’s stock after selling 7,341 shares during the quarter. Dakota Wealth Management’s holdings in Accenture were worth $7,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ACN. SkyView Investment Advisors LLC raised its stake in Accenture by 1.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after purchasing an additional 43 shares during the last quarter. Alpha Cubed Investments LLC raised its position in shares of Accenture by 6.4% in the second quarter. Alpha Cubed Investments LLC now owns 744 shares of the information technology services provider’s stock valued at $222,000 after buying an additional 45 shares during the last quarter. Councilmark Asset Management LLC lifted its stake in shares of Accenture by 0.5% during the second quarter. Councilmark Asset Management LLC now owns 9,344 shares of the information technology services provider’s stock valued at $2,793,000 after buying an additional 45 shares during the period. Investors Research Corp boosted its position in 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 acquiring an additional 45 shares during the last quarter. Finally, WP Advisors LLC grew its stake in Accenture by 1.0% in the 2nd quarter. WP Advisors LLC now owns 4,719 shares of the information technology services provider’s stock worth $1,410,000 after acquiring an additional 46 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Down 2.3%

ACN opened at $196.54 on Wednesday. Accenture PLC has a 1 year low of $196.09 and a 1 year high of $365.58. The firm has a 50 day moving average price of $258.67 and a 200 day moving average price of $252.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $120.99 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings data 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. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. During the same period in the previous year, the firm earned $3.59 earnings per share. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were given a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 3.3%. Accenture’s dividend payout ratio (DPR) is 53.88%.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

Wall Street Analysts Forecast Growth

ACN has been the topic of several analyst reports. Jefferies Financial Group raised their price objective on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft increased their target price on Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Rothschild & Co Redburn lifted their price target on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Berenberg Bank assumed coverage on shares of Accenture in a report on Thursday, January 22nd. They set a “buy” rating and a $313.00 price objective on the stock. Finally, HSBC boosted their target price on shares of Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.38.

Read Our Latest Report on Accenture

Insider Activity at Accenture

In other news, CAO Melissa A. Burgum sold 3,588 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief accounting officer owned 8,179 shares of the company’s stock, valued at $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 available at this hyperlink. Also, General Counsel Joel Unruch sold 1,332 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total value of $366,300.00. Following the sale, the general counsel owned 28,207 shares in the company, valued at approximately $7,756,925. The trade was a 4.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,088 shares of company stock valued at $5,970,434 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Accenture Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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