Accenture PLC $ACN Stake Lessened by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its stake in shares of Accenture PLC (NYSE:ACN) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,764 shares of the information technology services provider’s stock after selling 7,078 shares during the period. CIBC Asset Management Inc’s holdings in Accenture were worth $24,086,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Investors Research Corp boosted its holdings in Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Accenture by 132.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Davis Capital Management acquired a new position in shares of Accenture during the 3rd quarter valued at about $28,000. Elevation Wealth Partners LLC raised its stake in shares of Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Accenture in the 3rd quarter worth approximately $32,000. 75.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACN shares. BMO Capital Markets restated a “market perform” rating and issued a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Jefferies Financial Group raised their target price on Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research note on Thursday, January 8th. Wall Street Zen downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Mizuho reduced their price target on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Finally, Argus decreased their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a report on Monday, December 29th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.81.

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 1,332 shares of the stock in a transaction that occurred 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 directly owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 14,516 shares of the company’s stock, valued at approximately $3,678,354.40. This trade represents a 38.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,674 shares of company stock valued at $5,661,414 in the last 90 days. 0.02% of the stock is currently owned by company insiders.

Accenture Price Performance

Shares of ACN opened at $281.00 on Monday. The business has a 50-day simple moving average of $267.78 and a two-hundred day simple moving average of $258.09. 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 PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The stock has a market cap of $172.99 billion, a PE ratio of 23.22, a PEG ratio of 2.71 and a beta of 1.25.

Accenture (NYSE:ACN) last issued 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. 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 the consensus estimate of $18.51 billion. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

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