Caldwell Trust Co Trims Stake in Accenture PLC $ACN

Caldwell Trust Co cut its position in shares of Accenture PLC (NYSE:ACNFree Report) by 18.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,024 shares of the information technology services provider’s stock after selling 1,853 shares during the period. Caldwell Trust Co’s holdings in Accenture were worth $1,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACN. Spire Wealth Management boosted its position in shares of Accenture by 5,125.3% during the third quarter. Spire Wealth Management now owns 20,640 shares of the information technology services provider’s stock valued at $5,090,000 after buying an additional 20,245 shares during the period. CX Institutional lifted its stake in shares of Accenture by 12.5% during the 3rd quarter. CX Institutional now owns 22,431 shares of the information technology services provider’s stock worth $5,531,000 after acquiring an additional 2,499 shares during the last quarter. Childress Capital Advisors LLC grew its position in Accenture by 3.1% in the 3rd quarter. Childress Capital Advisors LLC now owns 1,815 shares of the information technology services provider’s stock valued at $447,000 after acquiring an additional 54 shares during the last quarter. Sather Financial Group Inc increased its stake in Accenture by 24.0% in the third quarter. Sather Financial Group Inc now owns 169,347 shares of the information technology services provider’s stock worth $41,761,000 after purchasing an additional 32,784 shares during the period. Finally, Absher Wealth Management LLC bought a new stake in shares of Accenture during the third quarter worth $1,114,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ACN. Argus reduced their price target on shares of Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. Stifel Nicolaus reduced their target price on shares of Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Royal Bank Of Canada set a $300.00 price target on Accenture in a report on Thursday, December 18th. Robert W. Baird reduced their price objective on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $295.84.

View Our Latest Stock Report on Accenture

Accenture Price Performance

Shares of ACN stock opened at $274.00 on Thursday. The stock’s 50-day moving average is $259.04 and its 200 day moving average is $259.82. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $168.68 billion, a P/E ratio of 22.64, a PEG ratio of 2.66 and a beta of 1.25.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings results 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. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same period in the prior year, the firm posted $3.59 earnings per share. The company’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. Research analysts predict 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. Stockholders of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. 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 currently 53.88%.

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 1,332 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the transaction, the general counsel directly owned 28,207 shares in the company, valued at $7,756,925. The trade was a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the completion of the sale, the chief executive officer owned 7,623 shares of the company’s stock, valued at approximately $2,134,440. This trade represents a 6.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 35,151 shares of company stock worth $8,841,525. 0.02% of the stock is currently owned by corporate insiders.

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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.

Further Reading

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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