Aptus Capital Advisors LLC Trims Holdings in Accenture PLC $ACN

Aptus Capital Advisors LLC lowered its stake in shares of Accenture PLC (NYSE:ACNFree Report) by 67.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,234 shares of the information technology services provider’s stock after selling 33,056 shares during the period. Aptus Capital Advisors LLC’s holdings in Accenture were worth $4,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investors Research Corp grew its holdings in shares of Accenture by 73.8% in 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 during the period. Harbor Capital Advisors Inc. raised its stake in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 61 shares during the period. Davis Capital Management acquired a new position in Accenture in the 3rd quarter valued at about $28,000. Elevation Wealth Partners LLC grew 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 buying an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Accenture during the 3rd quarter worth approximately $32,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on ACN. Rothschild & Co Redburn upped their price objective on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Wolfe Research raised their target price on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. HSBC lifted their target price on Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. Truist Financial began coverage on Accenture in a report on Tuesday, January 6th. They set a “buy” rating and a $317.00 price target for the company. Finally, Evercore reissued an “outperform” rating and set a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Sixteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average price target of $291.69.

Read Our Latest Report on Accenture

Accenture Stock Up 1.5%

Shares of NYSE ACN opened at $217.12 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $248.64 and its two-hundred day moving average is $250.66. Accenture PLC has a 52-week low of $188.73 and a 52-week high of $342.89. The firm has a market cap of $133.66 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.07 and a beta of 1.27.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $18.51 billion. During the same period last year, the business posted $3.59 earnings per share. The company’s quarterly revenue 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 predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

Insider Activity at Accenture

In other news, CEO John F. Walsh sold 3,986 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the sale, the chief executive officer owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. This represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 3,588 shares of the firm’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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is owned by company insiders.

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About Accenture

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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