BAM Wealth Management LLC Invests $751,000 in Accenture PLC $ACN

BAM Wealth Management LLC acquired a new stake in Accenture PLC (NYSE:ACN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,047 shares of the information technology services provider’s stock, valued at approximately $751,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACN. Investors Research Corp raised its position in shares of Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in 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 purchasing an additional 61 shares during the period. Davis Capital Management bought a new position in Accenture during the 3rd quarter worth approximately $28,000. RMG Wealth Management LLC acquired a new position in shares of Accenture in the 2nd quarter worth approximately $33,000. Finally, Elevation Wealth Partners LLC increased its position in shares of Accenture by 146.0% during the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after buying an additional 73 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Manish Sharma sold 2,731 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total transaction of $786,883.03. Following the completion of the sale, the insider owned 7,057 shares in the company, valued at approximately $2,033,333.41. This represents a 27.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the completion of the sale, the chief executive officer directly owned 7,123 shares of the company’s stock, valued at $1,994,440. The trade was a 6.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,674 shares of company stock worth $5,661,414 over the last 90 days. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the topic of several recent analyst reports. Mizuho dropped their target price on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. Wells Fargo & Company boosted their price objective on Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Robert W. Baird decreased their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Argus dropped their price target on Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. Finally, Truist Financial assumed coverage on shares of Accenture in a research report on Tuesday, January 6th. They set a “buy” rating and a $317.00 price objective for the company. Sixteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average price target of $297.81.

Accenture Trading Down 1.4%

NYSE ACN opened at $281.00 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. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The business has a 50 day moving average price of $267.78 and a 200-day moving average price of $258.67. The company has a market cap of $172.99 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 2.75 and a beta of 1.25.

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

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio is currently 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.