Carnegie Investment Counsel Has $15 Million Holdings in Accenture PLC $ACN

Carnegie Investment Counsel reduced its position in shares of Accenture PLC (NYSE:ACN) by 41.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,806 shares of the information technology services provider’s stock after selling 42,661 shares during the quarter. Carnegie Investment Counsel’s holdings in Accenture were worth $14,995,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ACN. Investors Research Corp grew its holdings 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 purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of 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 acquiring an additional 61 shares during the period. Elevation Wealth Partners LLC increased its holdings 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 during the last quarter. Heartwood Wealth Advisors LLC bought a new stake in Accenture in the 3rd quarter valued at $32,000. Finally, RMG Wealth Management LLC acquired a new stake in Accenture during the 2nd quarter valued at $33,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACN has been the topic of several research analyst reports. Wolfe Research increased their price objective on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. BNP Paribas Exane cut their price objective on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. UBS Group set a $320.00 target price on Accenture in a research report on Friday, December 19th. HSBC increased their target price on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Finally, Rothschild & Co Redburn boosted their price target on Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $298.29.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares in the company, valued at $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,319 shares of company stock worth $8,335,225 over the last 90 days. Insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of Accenture stock opened at $271.03 on Friday. The company has a 50 day moving average of $255.87 and a 200-day moving average of $262.48. The company has a market cap of $166.85 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.60 and a beta of 1.26. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.73 by $0.21. The business had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

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

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.