Benjamin Edwards Inc. Sells 6,123 Shares of Accenture PLC $ACN

Benjamin Edwards Inc. trimmed its position in shares of Accenture PLC (NYSE:ACNFree Report) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,032 shares of the information technology services provider’s stock after selling 6,123 shares during the quarter. Benjamin Edwards Inc.’s holdings in Accenture were worth $49,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ACN. Investors Research Corp increased its holdings in Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Davis Capital Management acquired a new stake in shares of Accenture in the third quarter valued at $28,000. Elevation Wealth Partners LLC raised its holdings in shares of Accenture by 146.0% in the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in Accenture during the 3rd quarter worth about $32,000. Institutional investors own 75.14% of the company’s stock.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACN. Deutsche Bank Aktiengesellschaft upped their target price on shares of Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a research report on Wednesday, December 10th. Guggenheim upped their price objective on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, December 15th. TD Cowen increased their price objective on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Citigroup upgraded Accenture to a “hold” rating in a research report on Thursday, October 23rd. Finally, Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average target price of $295.84.

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Accenture Stock Down 0.7%

Shares of NYSE ACN opened at $274.00 on Thursday. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. 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 stock has a market cap of $168.68 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.66 and a beta of 1.25. The firm has a 50 day moving average price of $259.04 and a 200 day moving average price of $259.82.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

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

Insider Activity at Accenture

In other Accenture news, insider Manish Sharma sold 6,902 shares of the firm’s 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 approximately $465,018.60. This trade represents a 78.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at $346,763.30. This trade represents a 64.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 35,151 shares of company stock valued at $8,841,525 over the last 90 days. Insiders own 0.02% of the company’s stock.

About Accenture

(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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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