Leavell Investment Management Inc. Sells 4,699 Shares of Accenture PLC $ACN

Leavell Investment Management Inc. lowered its stake in Accenture PLC (NYSE:ACN) by 53.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,140 shares of the information technology services provider’s stock after selling 4,699 shares during the quarter. Leavell Investment Management Inc.’s holdings in Accenture were worth $1,021,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Firethorn Wealth Partners LLC increased its stake in shares of Accenture by 4.4% in the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock valued at $255,000 after acquiring an additional 36 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Accenture by 0.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock worth $1,465,000 after purchasing an additional 38 shares during the period. Capital Advisors Ltd. LLC boosted its position in shares of Accenture by 3.5% during the second quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock worth $363,000 after purchasing an additional 41 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of Accenture by 5.2% in the 2nd quarter. Silver Oak Securities Incorporated now owns 857 shares of the information technology services provider’s stock valued at $256,000 after buying an additional 42 shares during the period. Finally, Omnia Family Wealth LLC increased its position in shares of Accenture by 5.2% in the 2nd quarter. Omnia Family Wealth LLC now owns 847 shares of the information technology services provider’s stock valued at $253,000 after buying an additional 42 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Manish Sharma sold 2,731 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total value of $786,883.03. Following the completion of the sale, the insider directly owned 7,057 shares of the company’s stock, valued at approximately $2,033,333.41. The trade was a 27.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 40,076 shares of company stock valued at $10,256,788. 0.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ACN. HSBC boosted their target price on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Cowen reiterated a “buy” rating on shares of Accenture in a research report on Friday, September 26th. Truist Financial began coverage on shares of Accenture in a report on Tuesday, January 6th. They set a “buy” rating and a $317.00 target price on the stock. Robert W. Baird cut their price target on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Finally, Jefferies Financial Group increased their price objective on shares of Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $297.20.

Accenture Stock Down 0.5%

Shares of ACN stock opened at $286.33 on Monday. The firm’s fifty day moving average price is $264.19 and its two-hundred day moving average price is $258.82. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $176.27 billion, a P/E ratio of 23.66, a PEG ratio of 2.76 and a beta of 1.25.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating 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 company had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter last year, the company earned $3.59 EPS. Accenture’s revenue for the quarter was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. 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 payout ratio 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.