Hartline Investment Corp Sells 2,587 Shares of Accenture PLC $ACN

Hartline Investment Corp cut its position in Accenture PLC (NYSE:ACN) by 30.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,810 shares of the information technology services provider’s stock after selling 2,587 shares during the quarter. Hartline Investment Corp’s holdings in Accenture were worth $1,433,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after purchasing an additional 4,905 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Accenture by 46.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after acquiring an additional 660 shares during the period. Focus Financial Network Inc. raised its position in Accenture by 1.1% in the second quarter. Focus Financial Network Inc. now owns 4,947 shares of the information technology services provider’s stock worth $1,479,000 after purchasing an additional 52 shares in the last quarter. Perpetual Ltd lifted its stake in Accenture by 1.3% during the second quarter. Perpetual Ltd now owns 7,942 shares of the information technology services provider’s stock worth $2,374,000 after purchasing an additional 104 shares during the period. Finally, Phillips Wealth Planners LLC boosted its holdings in Accenture by 31.6% during the second quarter. Phillips Wealth Planners LLC now owns 4,763 shares of the information technology services provider’s stock valued at $1,445,000 after purchasing an additional 1,144 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other 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 completion of the sale, the general counsel owned 28,207 shares in the company, valued at $7,756,925. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the completion of the transaction, the chief executive officer owned 7,123 shares in the company, valued at approximately $1,994,440. This represents a 6.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 40,076 shares of company stock worth $10,256,788. 0.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACN. Cowen reissued a “buy” rating on shares of Accenture in a report on Friday, September 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. UBS Group reiterated a “buy” rating on shares of Accenture in a research report on Wednesday, January 7th. Finally, Wall Street Zen downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $297.20.

Accenture Stock Down 0.5%

Shares of NYSE ACN opened at $286.33 on Friday. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The firm’s 50-day simple moving average is $264.19 and its 200 day simple moving average is $259.12. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The company has a market cap of $176.27 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.76 and a beta of 1.25.

Accenture (NYSE:ACN) last announced its 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. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. During the same period in the previous year, the firm posted $3.59 earnings per share. The company’s revenue 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, research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

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.