Accenture PLC $ACN Position Cut by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lowered its holdings in shares of Accenture PLC (NYSE:ACN) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,950 shares of the information technology services provider’s stock after selling 26,039 shares during the period. Crestwood Advisors Group LLC’s holdings in Accenture were worth $43,636,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Running Oak Capital LLC lifted its stake in shares of Accenture by 14.3% in the 3rd quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock worth $14,190,000 after acquiring an additional 7,190 shares during the period. Global Retirement Partners LLC bought a new stake in Accenture during the second quarter worth approximately $2,658,000. C WorldWide Group Holding A S lifted its position in Accenture by 35.9% in the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock worth $2,435,000 after purchasing an additional 2,151 shares during the period. Norges Bank bought a new position in Accenture during the 2nd quarter valued at $2,216,850,000. Finally, D.A. Davidson & CO. increased its position in shares of Accenture by 17.4% during the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock valued at $63,771,000 after purchasing an additional 38,325 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank Of Canada set a $300.00 target price on Accenture in a research note on Thursday, December 18th. Susquehanna raised their price objective on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Citigroup upgraded shares of Accenture to a “hold” rating in a report on Thursday, October 23rd. Wolfe Research raised their target price on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Finally, Wells Fargo & Company upped their price target on Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Sixteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $298.38.

Insiders Place Their Bets

In related news, CAO Melissa A. Burgum sold 3,588 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the transaction, the chief accounting officer directly owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. The trade was a 30.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John F. Walsh sold 3,986 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the completion of the sale, the chief executive officer owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. The trade was a 12.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 22,088 shares of company stock valued at $5,970,434 over the last ninety days. Insiders own 0.02% of the company’s stock.

Accenture Trading Up 0.9%

Accenture stock opened at $224.03 on Tuesday. Accenture PLC has a 52 week low of $215.16 and a 52 week high of $392.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $137.92 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 2.16 and a beta of 1.24. The company has a 50 day moving average price of $265.90 and a 200 day moving average price of $254.34.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $18.51 billion. During the same quarter in the prior year, the company earned $3.59 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were issued a $1.63 dividend. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.9%. Accenture’s dividend 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.