49 Wealth Management LLC Makes New $624,000 Investment in Accenture PLC $ACN

49 Wealth Management LLC bought a new stake in shares of Accenture PLC (NYSE:ACN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,532 shares of the information technology services provider’s stock, valued at approximately $624,000.

A number of other institutional investors also recently bought and sold shares of ACN. Brighton Jones LLC lifted its stake in shares of Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the period. Sivia Capital Partners LLC raised its holdings in Accenture by 46.9% in the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after purchasing an additional 660 shares in the last quarter. United Bank lifted its position in Accenture by 49.8% during the second quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock valued at $1,088,000 after buying an additional 1,209 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Accenture by 2.2% during the 2nd quarter. Pinnacle Associates Ltd. now owns 35,101 shares of the information technology services provider’s stock valued at $10,491,000 after buying an additional 769 shares in the last quarter. Finally, IFG Advisory LLC grew its position in shares of Accenture by 4.8% in the 2nd quarter. IFG Advisory LLC now owns 11,720 shares of the information technology services provider’s stock worth $3,503,000 after buying an additional 537 shares during the period. 75.14% of the stock is owned by institutional investors.

Insider Transactions at Accenture

In other Accenture news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the sale, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at $3,679,963.65. The trade was a 28.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,088 shares of company stock worth $5,970,434. Company insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. TD Cowen lifted their price target 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. Truist Financial began coverage on shares of Accenture in a research note on Tuesday, January 6th. They set a “buy” rating and a $317.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 price target on shares of Accenture in a research report on Thursday, December 18th. Wolfe Research raised their price objective on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Finally, 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 note on Wednesday, January 14th. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $296.42.

Accenture Price Performance

NYSE ACN opened at $208.35 on Friday. Accenture PLC has a one year low of $188.73 and a one year high of $359.14. The stock has a 50-day moving average of $254.50 and a 200 day moving average of $251.95. 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 has a market capitalization of $128.26 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.01 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 firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same quarter last year, the firm posted $3.59 EPS. The business’s quarterly 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. On average, sell-side analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend 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.