Bleakley Financial Group LLC Cuts Stock Holdings in Accenture PLC $ACN

Bleakley Financial Group LLC lessened its position in Accenture PLC (NYSE:ACN) by 17.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,088 shares of the information technology services provider’s stock after selling 3,225 shares during the quarter. Bleakley Financial Group LLC’s holdings in Accenture were worth $3,721,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Investors Research Corp boosted its stake in Accenture by 73.8% during the 3rd 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 during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Davis Capital Management acquired a new position in Accenture during the third quarter worth about $28,000. Elevation Wealth Partners LLC grew its stake in Accenture by 146.0% during 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 valued at about $32,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Accenture news, CEO John F. Walsh sold 3,986 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the completion of the transaction, the chief executive officer owned 27,221 shares in the company, valued at $7,523,339.98. The trade was a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Melissa A. Burgum sold 3,588 shares of Accenture stock in a transaction on Monday, January 26th. The shares were sold at an average price of $281.01, for a total value of $1,008,263.88. Following the completion of the transaction, the chief accounting officer owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Susquehanna upped their price target on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Evercore restated an “outperform” rating and issued a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. Rothschild & Co Redburn lifted their price target on Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Wolfe Research upped their price objective on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Finally, Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average price target of $298.38.

Accenture Stock Up 0.2%

Accenture stock opened at $215.45 on Monday. The company has a market capitalization of $132.63 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. 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 $211.06 and a fifty-two week high of $382.77. The firm has a 50 day moving average price of $261.67 and a 200 day moving average price of $253.39.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were paid a dividend of $1.63 per share. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 3.0%. Accenture’s dividend payout ratio is 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.