Accenture PLC $ACN Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in Accenture PLC (NYSE:ACNFree Report) by 30.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 138,219 shares of the information technology services provider’s stock after selling 61,388 shares during the period. Commonwealth Equity Services LLC’s holdings in Accenture were worth $34,085,000 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. Brighton Jones LLC grew its position in shares of Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. SCS Capital Management LLC acquired a new stake in Accenture during the 1st quarter valued at $1,827,000. Advisory Alpha LLC increased its position in Accenture by 15.7% during the first quarter. Advisory Alpha LLC now owns 1,778 shares of the information technology services provider’s stock worth $555,000 after buying an additional 241 shares in the last quarter. SageView Advisory Group LLC raised its holdings in shares of Accenture by 12.6% in the first quarter. SageView Advisory Group LLC now owns 2,736 shares of the information technology services provider’s stock worth $854,000 after acquiring an additional 307 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co lifted its position in shares of Accenture by 7.9% in the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 102,500 shares of the information technology services provider’s stock valued at $31,984,000 after acquiring an additional 7,500 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Down 0.7%

Shares of ACN opened at $274.00 on Thursday. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The company’s fifty day moving average is $259.04 and its two-hundred day moving average is $259.82. The firm has a market cap of $168.68 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. 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:ACNGet Free Report) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share 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 for the quarter, compared to analyst estimates of $18.51 billion. During the same period last year, the company posted $3.59 EPS. The business’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. Analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

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

Insider Transactions at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the transaction, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $623,675.00. Following the completion of the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at $346,763.30. The trade was a 64.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,151 shares of company stock valued at $8,841,525 in the last three months. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ACN shares. Guggenheim boosted their target price on shares of Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Royal Bank Of Canada set a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Susquehanna upped their price objective on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Wells Fargo & Company initiated coverage on shares of Accenture in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 target price for the company. Finally, Robert W. Baird reduced their price target on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $295.84.

Check Out Our Latest Stock Analysis on ACN

Key Accenture News

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Accenture Company 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.

See Also

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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