Parcion Private Wealth LLC Reduces Stake in Accenture PLC $ACN

Parcion Private Wealth LLC cut its holdings in shares of Accenture PLC (NYSE:ACN) by 87.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,463 shares of the information technology services provider’s stock after selling 17,703 shares during the quarter. Parcion Private Wealth LLC’s holdings in Accenture were worth $607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes 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 valued at $26,000 after purchasing an additional 45 shares during the period. RMG Wealth Management LLC purchased a new position in shares of Accenture during the second quarter valued at about $33,000. Elevation Wealth Partners LLC raised its stake in 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 in the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in Accenture in the third quarter worth about $32,000. Finally, WPG Advisers LLC bought a new stake in Accenture during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 0.1%

NYSE:ACN opened at $270.88 on Wednesday. The firm has a 50-day simple moving average of $253.89 and a two-hundred day simple moving average of $262.69. The firm has a market cap of $178.37 billion, a P/E ratio of 22.39, a P/E/G ratio of 2.61 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. 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 (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate 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 net margin of 10.76% and a return on equity of 26.65%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. 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. Analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.4%. Accenture’s dividend payout ratio (DPR) is 53.88%.

Insider Buying and Selling

In other news, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 5,917 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the completion of the sale, the chief executive officer owned 8,599 shares in the company, valued at $2,120,685.38. This represents a 40.76% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group set a $320.00 target price on Accenture in a research note on Friday. Stifel Nicolaus lowered their price objective on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Rothschild & Co Redburn upped their target price on shares of Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. HSBC lifted their price target on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. Finally, Rothschild Redb cut shares of Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $298.29.

Accenture Company 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.