Frazier Financial Advisors LLC Has $2.71 Million Position in Accenture PLC $ACN

Frazier Financial Advisors LLC decreased its position in shares of Accenture PLC (NYSE:ACN) by 14.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,995 shares of the information technology services provider’s stock after selling 1,857 shares during the quarter. Accenture makes up approximately 1.7% of Frazier Financial Advisors LLC’s holdings, making the stock its 13th largest holding. Frazier Financial Advisors LLC’s holdings in Accenture were worth $2,711,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Firethorn Wealth Partners LLC lifted its stake in shares of Accenture by 4.4% during the second 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 period. Wealthcare Advisory Partners LLC raised its holdings in Accenture by 0.8% during the 2nd 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 last quarter. Capital Advisors Ltd. LLC lifted its position in Accenture by 3.5% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock valued at $363,000 after purchasing an additional 41 shares during the period. Omnia Family Wealth LLC boosted its stake 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 purchasing an additional 42 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its stake in shares of Accenture by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after buying an additional 43 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $253.40, for a total value of $2,280,600.00. Following the sale, the chief executive officer owned 14,516 shares in the company, valued at approximately $3,678,354.40. The trade was a 38.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Manish Sharma sold 2,731 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total transaction of $786,883.03. Following the completion of the sale, the insider directly owned 7,057 shares in the company, valued at approximately $2,033,333.41. This represents a 27.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,674 shares of company stock valued at $5,661,414 in the last quarter. 0.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup raised shares of Accenture to a “hold” rating in a report on Thursday, October 23rd. Guggenheim lifted their price objective on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Truist Financial initiated coverage on Accenture in a research note on Tuesday, January 6th. They issued a “buy” rating and a $317.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Finally, Berenberg Bank initiated coverage on shares of Accenture in a research note on Thursday. They set a “buy” rating and a $313.00 price objective on the stock. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $297.81.

Accenture Trading Down 1.4%

NYSE ACN opened at $281.00 on Friday. Accenture PLC has a one year low of $229.40 and a one 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 firm has a market cap of $172.99 billion, a P/E ratio of 23.22, a P/E/G ratio of 2.71 and a beta of 1.25. The stock’s 50-day moving average is $267.78 and its 200-day moving average is $258.36.

Accenture (NYSE:ACN) last posted its earnings results 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. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same period in the prior year, the business 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. Sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be given a $1.63 dividend. 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%.

Accenture Company 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.