Cim Investment Management Inc. Sells 2,932 Shares of Accenture PLC $ACN

Cim Investment Management Inc. cut its position in shares of Accenture PLC (NYSE:ACNFree Report) by 39.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,541 shares of the information technology services provider’s stock after selling 2,932 shares during the period. Cim Investment Management Inc.’s holdings in Accenture were worth $1,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investors Research Corp raised its stake in shares of Accenture by 73.8% in the 3rd 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 in the last quarter. Harbor Capital Advisors Inc. boosted its position 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 acquiring an additional 61 shares in the last quarter. Triumph Capital Management bought a new stake in Accenture in the third quarter valued at about $26,000. Davis Capital Management acquired a new position in Accenture in the third quarter worth about $28,000. Finally, Elevation Wealth Partners LLC lifted its stake in 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 purchasing an additional 73 shares during the period. 75.14% of the stock is owned by institutional investors.

Accenture Stock Down 0.3%

Shares of ACN opened at $198.73 on Wednesday. The firm has a market cap of $122.34 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. Accenture PLC has a 52 week low of $188.73 and a 52 week high of $326.73. The firm’s 50-day simple moving average is $239.14 and its 200 day simple moving average is $247.84.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The company 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 revenue was up 5.7% on a year-over-year basis. During the same quarter last 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 forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The firm 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. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 3.3%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Insider Buying and Selling at Accenture

In other news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the sale, the chief executive officer directly owned 27,221 shares in the company, valued at approximately $7,523,339.98. This trade represents a 12.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Catherine Kiernan Hogan sold 660 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 12,688 shares in the company, valued at $3,564,439.84. This represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,088 shares of company stock worth $5,970,434 over the last quarter. 0.02% of the stock is currently owned by company insiders.

Key Accenture News

Here are the key news stories impacting Accenture this week:

Wall Street Analyst Weigh In

ACN has been the topic of several analyst reports. Royal Bank Of Canada set a $300.00 price objective on Accenture in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft decreased their price target on Accenture from $280.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, March 6th. Evercore reiterated an “outperform” rating and set a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. TD Cowen cut their price objective on Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a report on Monday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of Accenture in a report on Thursday, December 18th. Eighteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $286.19.

Get Our Latest Report on Accenture

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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