GRIMES & Co WEALTH MANAGEMENT LLC Trims Position in Accenture PLC $ACN

GRIMES & Co WEALTH MANAGEMENT LLC reduced its position in Accenture PLC (NYSE:ACN) by 4.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 63,218 shares of the information technology services provider’s stock after selling 3,173 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Accenture were worth $15,590,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Investors Research Corp grew its position in shares of Accenture by 73.8% in the third 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 during the period. Harbor Capital Advisors Inc. grew its holdings in Accenture by 132.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 61 shares during the period. Davis Capital Management acquired a new position in shares of Accenture during the 3rd quarter valued at about $28,000. RMG Wealth Management LLC purchased a new position in shares of Accenture during the 2nd quarter worth about $33,000. Finally, Elevation Wealth Partners LLC boosted its position 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 worth $30,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Shares of NYSE ACN opened at $281.13 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The company has a market capitalization of $173.07 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.70 and a beta of 1.25. The business has a 50-day moving average of $260.95 and a 200-day moving average of $259.24.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS 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 firm had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. During the same period in the previous year, the company posted $3.59 EPS. Accenture’s revenue for the quarter 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 analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.3%. Accenture’s payout ratio is 53.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. Rothschild & Co Redburn increased their target price on Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Finally, Wells Fargo & Company started coverage on Accenture in a report on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 target price for the company. One investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $295.84.

Insider Transactions at Accenture

In related 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 value of $2,246,130.00. Following the transaction, the chief executive officer owned 23,516 shares in the company, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 35,151 shares of company stock worth $8,841,525 over the last three months. Insiders own 0.02% of the company’s stock.

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.