Edgemoor Investment Advisors Inc. Sells 2,457 Shares of Accenture PLC $ACN

Edgemoor Investment Advisors Inc. trimmed its stake in shares of Accenture PLC (NYSE:ACN) by 39.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,834 shares of the information technology services provider’s stock after selling 2,457 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Accenture were worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Investors Research Corp increased 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 acquiring an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of 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 purchased a new stake in shares of Accenture during the 3rd quarter valued at about $28,000. Elevation Wealth Partners LLC boosted its holdings in shares of Accenture by 146.0% in 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 last quarter. Finally, Heartwood Wealth Advisors LLC bought a new stake in Accenture during the third quarter valued at approximately $32,000. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 1,694 shares of Accenture stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total value of $488,380.20. Following the completion of the transaction, the chief executive officer directly owned 37,346 shares of the company’s stock, valued at $10,766,851.80. This trade represents a 4.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Joel Unruch sold 1,026 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $281.70, for a total transaction of $289,024.20. Following the sale, the general counsel owned 27,181 shares in the company, valued at $7,656,887.70. This represents a 3.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,031 shares of company stock worth $4,509,304. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Argus lowered their target price on Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. UBS Group cut Accenture from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Wells Fargo & Company lifted their price objective on Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Finally, HSBC increased their target price on shares of Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Sixteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $298.38.

Accenture Price Performance

ACN stock opened at $236.97 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The company’s fifty day moving average price is $269.80 and its 200-day moving average price is $256.01. Accenture PLC has a one year low of $229.40 and a one year high of $392.02. The company has a market capitalization of $145.88 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same period in the previous year, the firm posted $3.59 EPS. Accenture’s revenue for the quarter was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities analysts anticipate 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. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.8%. Accenture’s payout ratio is presently 53.88%.

Accenture 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.