Amalgamated Bank Sells 2,462 Shares of Accenture PLC $ACN

Amalgamated Bank cut its position in Accenture PLC (NYSE:ACN) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,332 shares of the information technology services provider’s stock after selling 2,462 shares during the quarter. Amalgamated Bank’s holdings in Accenture were worth $29,920,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its holdings in Accenture by 12.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock valued at $2,502,446,000 after buying an additional 1,148,970 shares during the period. Sierra Legacy Group boosted its stake in shares of Accenture by 9.5% in the third quarter. Sierra Legacy Group now owns 11,015 shares of the information technology services provider’s stock valued at $2,716,000 after buying an additional 955 shares in the last quarter. Fiduciary Family Office LLC boosted its stake in shares of Accenture by 24.9% during the 3rd quarter. Fiduciary Family Office LLC now owns 6,530 shares of the information technology services provider’s stock worth $1,610,000 after acquiring an additional 1,301 shares in the last quarter. Beacon Financial Advisory LLC acquired a new position in Accenture during the third quarter worth about $516,000. Finally, Smithbridge Asset Management Inc. DE increased its position in Accenture by 1.3% during the third quarter. Smithbridge Asset Management Inc. DE now owns 26,245 shares of the information technology services provider’s stock worth $6,472,000 after buying an additional 341 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In related news, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $280.00, for a total transaction of $140,000.00. Following the completion of the sale, the chief executive officer directly owned 7,123 shares in the company, valued at $1,994,440. This represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 9,000 shares of the company’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. This trade represents a 27.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 40,076 shares of company stock worth $10,256,788. 0.02% of the stock is currently owned by corporate insiders.

Accenture Stock Performance

NYSE ACN opened at $286.33 on Friday. The stock has a fifty day simple moving average of $264.19 and a 200 day simple moving average of $259.12. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a market capitalization of $176.27 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.76 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:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business 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 dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ACN shares. Argus dropped their target price on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, December 29th. UBS Group reissued a “buy” rating on shares of Accenture in a report on Wednesday, January 7th. Robert W. Baird reduced their price target on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Wolfe Research upped their price objective on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Finally, Citigroup raised shares of Accenture to a “hold” rating in a report on Thursday, October 23rd. 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 issued a Sell rating to the stock. According to data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $297.20.

Accenture Profile

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.