Osprey Private Wealth LLC Increases Position in Accenture PLC $ACN

Osprey Private Wealth LLC lifted its position in shares of Accenture PLC (NYSE:ACN) by 37.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,694 shares of the information technology services provider’s stock after buying an additional 5,599 shares during the quarter. Accenture makes up 1.9% of Osprey Private Wealth LLC’s holdings, making the stock its 21st largest holding. Osprey Private Wealth LLC’s holdings in Accenture were worth $5,103,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in shares of Accenture during the second quarter valued at approximately $2,658,000. C WorldWide Group Holding A S grew its stake in Accenture by 35.9% during the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after acquiring an additional 2,151 shares in the last quarter. Truist Financial Corp increased its holdings in Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after acquiring an additional 28,685 shares during the last quarter. Norges Bank purchased a new stake in Accenture in the 2nd quarter worth $2,216,850,000. Finally, Redwood Investments LLC boosted its holdings in shares of Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after purchasing an additional 1,287 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ACN shares. Mizuho decreased their target price on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Royal Bank Of Canada lowered their target price on Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. HSBC reduced their price target on shares of Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. Finally, Evercore ISI set a $280.00 price objective on shares of Accenture in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.04.

Accenture Stock Performance

NYSE:ACN opened at $273.40 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s fifty day moving average is $251.83 and its 200 day moving average is $264.30. The firm has a market capitalization of $180.03 billion, a PE ratio of 22.50, a PEG ratio of 2.64 and a beta of 1.26. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.20. The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 10th were paid a dividend of $1.63 per share. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, October 10th. Accenture’s payout ratio is currently 53.66%.

Insider Transactions at Accenture

In other news, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the transaction, the insider owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is currently owned by company insiders.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.