Parsons Capital Management Inc. RI Cuts Stake in Accenture PLC $ACN

Parsons Capital Management Inc. RI lessened its holdings in Accenture PLC (NYSE:ACN) by 11.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,749 shares of the information technology services provider’s stock after selling 2,085 shares during the period. Parsons Capital Management Inc. RI’s holdings in Accenture were worth $4,130,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ACN. Slow Capital Inc. boosted its holdings in Accenture by 30.8% in the third quarter. Slow Capital Inc. now owns 22,207 shares of the information technology services provider’s stock valued at $5,476,000 after purchasing an additional 5,229 shares during the period. Turtle Creek Wealth Advisors LLC raised its position in Accenture by 97.9% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 3,442 shares of the information technology services provider’s stock valued at $849,000 after purchasing an additional 1,703 shares in the last quarter. Nordwand Advisors LLC acquired a new position in shares of Accenture during the third quarter worth about $5,842,000. American Alpha Advisors LLC increased its stake in shares of Accenture by 8.3% during the third quarter. American Alpha Advisors LLC now owns 1,533 shares of the information technology services provider’s stock worth $378,000 after buying an additional 118 shares during the period. Finally, Verdence Capital Advisors LLC raised its holdings in Accenture by 7.4% in the third quarter. Verdence Capital Advisors LLC now owns 6,891 shares of the information technology services provider’s stock valued at $1,728,000 after acquiring an additional 477 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity

In related news, General Counsel Joel Unruch sold 1,332 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total value of $366,300.00. Following the transaction, the general counsel owned 28,207 shares in the company, valued at $7,756,925. The trade was a 4.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Manish Sharma sold 6,902 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 40,076 shares of company stock valued at $10,256,788. Insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on shares of Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a report on Thursday, January 8th. Susquehanna boosted their target price on shares of Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Rothschild & Co Redburn raised their price target on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Finally, Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.20.

Accenture Stock Down 0.5%

Accenture stock opened at $286.33 on Tuesday. The company has a market capitalization of $176.27 billion, a P/E ratio of 23.66, a PEG ratio of 2.76 and a beta of 1.25. 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 fifty-two week low of $229.40 and a fifty-two week high of $398.35. The stock has a 50-day simple moving average of $265.02 and a 200-day simple moving average of $258.69.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion for 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 firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.3%. Accenture’s payout ratio is currently 53.88%.

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.