Everett Harris & Co. CA Cuts Stake in Accenture PLC $ACN

Everett Harris & Co. CA decreased its stake in Accenture PLC (NYSE:ACN) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 362,463 shares of the information technology services provider’s stock after selling 4,595 shares during the period. Accenture makes up 1.1% of Everett Harris & Co. CA’s portfolio, making the stock its 18th biggest position. Everett Harris & Co. CA owned 0.06% of Accenture worth $89,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Accenture in the second quarter worth about $2,658,000. C WorldWide Group Holding A S lifted its holdings in Accenture by 35.9% during the 2nd quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock worth $2,435,000 after buying an additional 2,151 shares during the last quarter. Norges Bank bought a new stake in shares of Accenture in the 2nd quarter valued at approximately $2,216,850,000. D.A. Davidson & CO. raised its position in shares of Accenture by 17.4% during the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock valued at $63,771,000 after acquiring an additional 38,325 shares in the last quarter. Finally, Prudential PLC lifted its stake in Accenture by 20.4% during the second quarter. Prudential PLC now owns 56,130 shares of the information technology services provider’s stock worth $16,777,000 after purchasing an additional 9,510 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, General Counsel Joel Unruch sold 1,026 shares of Accenture stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $281.70, for a total transaction of $289,024.20. Following the transaction, the general counsel directly owned 27,181 shares in the company, valued at approximately $7,656,887.70. This trade represents a 3.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Catherine Kiernan Hogan sold 660 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $280.93, for a total value of $185,413.80. Following the completion of the sale, the chief operating officer owned 12,688 shares of the company’s stock, valued at approximately $3,564,439.84. This trade represents a 4.94% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 21,934 shares of company stock worth $5,965,166. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

ACN opened at $261.01 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $270.28 and its 200-day moving average is $258.11. The stock has a market cap of $160.68 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35.

Accenture (NYSE:ACN) last announced its 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. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same quarter in the previous year, the business earned $3.59 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is 53.88%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Royal Bank Of Canada set a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. TD Cowen boosted their price objective on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a report on Monday. Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.38.

About Accenture

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.