Fisher Asset Management LLC Lowers Position in Accenture PLC $ACN

Fisher Asset Management LLC trimmed its position in shares of Accenture PLC (NYSE:ACNFree Report) by 77.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,042 shares of the information technology services provider’s stock after selling 10,410 shares during the quarter. Fisher Asset Management LLC’s holdings in Accenture were worth $750,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Investors Research Corp grew its position 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 buying an additional 45 shares during the period. Harbor Capital Advisors Inc. raised its position 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 acquiring an additional 61 shares during the period. Davis Capital Management purchased a new stake in shares of Accenture during the 3rd quarter worth about $28,000. Elevation Wealth Partners LLC boosted its stake in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Accenture during the 3rd quarter valued at about $32,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Accenture

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Insider Transactions at Accenture

In other Accenture news, CEO John F. Walsh sold 3,986 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total value of $1,101,650.68. Following the sale, the chief executive officer owned 27,221 shares of the company’s stock, valued at $7,523,339.98. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Melissa A. Burgum sold 3,588 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $281.01, for a total value of $1,008,263.88. Following the transaction, the chief accounting officer owned 8,179 shares in the company, valued at $2,298,380.79. This trade represents a 30.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of analyst reports. Citigroup reduced their price target on Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Argus cut their price objective on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Evercore reaffirmed an “outperform” rating and set a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. Susquehanna increased their target price on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Finally, Wells Fargo & Company boosted their price target on shares of Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average target price of $291.69.

Check Out Our Latest Analysis on ACN

Accenture Stock Performance

Shares of Accenture stock opened at $217.12 on Friday. The firm has a market cap of $133.66 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. 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 52 week low of $188.73 and a 52 week high of $342.89. The business’s fifty day simple moving average is $248.64 and its 200-day simple moving average is $250.66.

Accenture (NYSE:ACNGet Free Report) 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. The firm had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

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

Accenture Company Profile

(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.

See Also

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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