Accenture PLC $ACN Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in Accenture PLC (NYSE:ACN) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,771 shares of the information technology services provider’s stock after selling 6,601 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Accenture were worth $14,740,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ACN. Investors Research Corp increased its position 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 in the last quarter. Harbor Capital Advisors Inc. grew 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 buying an additional 61 shares during the period. Davis Capital Management acquired a new stake in shares of Accenture in the third quarter worth $28,000. Elevation Wealth Partners LLC raised 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 acquiring an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Accenture during the 3rd quarter valued at $32,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

Accenture stock opened at $240.95 on Monday. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $392.02. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a market cap of $148.33 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24. The stock has a 50 day moving average of $270.21 and a 200-day moving average of $256.33.

Accenture (NYSE:ACN) last issued its quarterly earnings results 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 business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

Insider Activity

In related news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 27,221 shares in the company, valued at $7,523,339.98. This trade represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Catherine Kiernan Hogan sold 660 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $280.93, for a total transaction of $185,413.80. Following the sale, the chief operating officer owned 12,688 shares of the company’s stock, valued at approximately $3,564,439.84. The trade was a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,031 shares of company stock valued at $4,509,304 over the last three months. Company insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of several research reports. Susquehanna raised their price objective on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Wells Fargo & Company raised their target price on Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Berenberg Bank started coverage on Accenture in a research report on Thursday, January 22nd. They set a “buy” rating and a $313.00 price target on the stock. TD Cowen increased their price objective on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $300.00 target price on shares of Accenture in a research report on Thursday, December 18th. Sixteen equities 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $298.38.

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.