Accenture PLC $ACN Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC trimmed its stake in shares of Accenture PLC (NYSE:ACNFree Report) by 24.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,746 shares of the information technology services provider’s stock after selling 2,147 shares during the quarter. Global Retirement Partners LLC’s holdings in Accenture were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Investors Research Corp grew its position in 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 during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Accenture by 132.6% in the third 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. Davis Capital Management acquired a new position in shares of Accenture during the third quarter worth about $28,000. Elevation Wealth Partners LLC raised its holdings 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 in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Accenture in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Argus cut their price objective on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Wolfe Research boosted their target price on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $330.00 price objective on shares of Accenture in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $295.84.

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Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

Accenture Trading Up 4.3%

NYSE:ACN opened at $275.31 on Wednesday. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $258.52 and a 200-day simple moving average of $259.72. The company has a market capitalization of $169.48 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25.

Accenture (NYSE:ACNGet Free Report) last announced its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.Accenture’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

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

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the sale, the chief executive officer owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 1,332 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the completion of the sale, the general counsel directly owned 28,207 shares of the company’s stock, valued at $7,756,925. The trade was a 4.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 34,651 shares of company stock valued at $8,701,525. 0.02% of the stock is currently owned by company insiders.

About Accenture

(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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