Ashton Thomas Private Wealth LLC Sells 2,690 Shares of Accenture PLC $ACN

Ashton Thomas Private Wealth LLC decreased its stake in Accenture PLC (NYSE:ACN) by 10.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,972 shares of the information technology services provider’s stock after selling 2,690 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Accenture were worth $5,912,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Investors Research Corp lifted its holdings in Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. lifted 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 valued at $26,000 after buying an additional 61 shares in the last quarter. Davis Capital Management bought a new position in Accenture in the 3rd quarter worth $28,000. RMG Wealth Management LLC purchased a new stake in Accenture in the 2nd quarter worth $33,000. Finally, Elevation Wealth Partners LLC raised its holdings in Accenture by 146.0% during the third 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 during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Accenture

In other news, General Counsel Joel Unruch sold 1,332 shares of the business’s 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 transaction, the general counsel owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. The trade was a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 1,694 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $288.30, for a total value of $488,380.20. Following the completion of the sale, the chief executive officer owned 37,346 shares of the company’s stock, valued at approximately $10,766,851.80. This represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 16,017 shares of company stock worth $4,505,916. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Wall Street Zen downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Susquehanna boosted their target price on shares of Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Royal Bank Of Canada set a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $298.38.

Accenture Trading Up 0.1%

Shares of ACN opened at $241.52 on Thursday. The stock has a market capitalization of $148.68 billion, a PE ratio of 19.96, a P/E/G ratio of 2.32 and a beta of 1.24. The company’s fifty day moving average is $270.68 and its 200 day moving average is $257.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.73 by $0.21. The business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. Accenture’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $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 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business 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 dividend of $1.63 per share. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. Accenture’s dividend payout ratio is 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.