Bar Harbor Wealth Management Sells 5,304 Shares of Accenture PLC $ACN

Bar Harbor Wealth Management cut its stake in Accenture PLC (NYSE:ACN) by 38.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,643 shares of the information technology services provider’s stock after selling 5,304 shares during the period. Bar Harbor Wealth Management’s holdings in Accenture were worth $2,131,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ACN. Aprio Wealth Management LLC increased its stake in Accenture by 2.1% during the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after acquiring an additional 33 shares during the period. Texas Bank & Trust Co grew its holdings in shares of Accenture by 0.4% during the 1st quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock worth $2,553,000 after purchasing an additional 35 shares in the last quarter. Norway Savings Bank increased its position in shares of Accenture by 0.9% during the second quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock valued at $1,232,000 after purchasing an additional 36 shares during the period. Firethorn Wealth Partners LLC raised its stake in shares of Accenture by 4.4% in the second quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock valued at $255,000 after purchasing an additional 36 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in Accenture by 0.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock worth $1,465,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the transaction, the chief executive officer directly owned 1,390 shares in the company, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the sale, the chief executive officer owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ACN. BMO Capital Markets reaffirmed a “market perform” rating and set a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. Rothschild & Co Redburn raised their price target on shares of Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. Cowen reiterated a “buy” rating on shares of Accenture in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft raised their target price on Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a research report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. lowered their price target on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $298.29.

Accenture Stock Performance

Shares of NYSE:ACN opened at $270.08 on Thursday. The business has a fifty day moving average of $254.49 and a 200-day moving average of $262.74. 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 PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The firm has a market cap of $177.84 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The firm had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. During the same quarter in the prior year, the firm earned $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. On average, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is 53.88%.

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.