Accenture PLC $ACN Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its holdings in Accenture PLC (NYSE:ACN) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,200 shares of the information technology services provider’s stock after selling 27,390 shares during the period. Fifth Third Bancorp’s holdings in Accenture were worth $84,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Smithfield Trust Co increased its holdings in shares of Accenture by 4.1% in the third quarter. Smithfield Trust Co now owns 5,962 shares of the information technology services provider’s stock valued at $1,461,000 after purchasing an additional 236 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Accenture by 2.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 217,311 shares of the information technology services provider’s stock worth $53,589,000 after buying an additional 5,863 shares during the last quarter. Conscious Wealth Investments LLC grew its holdings in Accenture by 15.6% in the 3rd quarter. Conscious Wealth Investments LLC now owns 11,884 shares of the information technology services provider’s stock valued at $2,972,000 after buying an additional 1,608 shares in the last quarter. Troy Asset Management Ltd increased its stake in shares of Accenture by 42.1% in the 3rd quarter. Troy Asset Management Ltd now owns 78,822 shares of the information technology services provider’s stock worth $19,438,000 after acquiring an additional 23,343 shares during the last quarter. Finally, Uniting Wealth Partners LLC raised its holdings in shares of Accenture by 6.6% during the 3rd quarter. Uniting Wealth Partners LLC now owns 5,491 shares of the information technology services provider’s stock worth $1,354,000 after acquiring an additional 342 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Up 0.9%

Accenture stock opened at $224.03 on Monday. The company has a market capitalization of $137.92 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. 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 $215.16 and a fifty-two week high of $392.02. The firm has a 50 day moving average price of $266.75 and a 200 day moving average price of $254.64.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate of $3.73 by $0.21. The business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were paid a dividend of $1.63 per share. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.9%. Accenture’s dividend payout ratio is 53.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ACN shares. HSBC raised their price objective on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Guggenheim lifted their price target on shares of Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Jefferies Financial Group increased their price objective on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. Finally, Evercore restated an “outperform” rating and issued a $300.00 target price on shares of Accenture in a research report on Thursday, December 18th. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $298.38.

Insider Buying and Selling at Accenture

In other Accenture news, COO Catherine Kiernan Hogan sold 660 shares of the business’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 transaction, the chief operating officer owned 12,688 shares in the company, valued at $3,564,439.84. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 6,057 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total value of $1,461,130.11. Following the completion of the sale, the chief executive officer owned 15,255 shares in the company, valued at approximately $3,679,963.65. The trade was a 28.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 22,088 shares of company stock valued at $5,970,434. Corporate insiders own 0.02% of the company’s stock.

Accenture 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.