Accenture PLC $ACN Shares Sold by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT reduced its stake in shares of Accenture PLC (NYSE:ACN) by 82.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,403 shares of the information technology services provider’s stock after selling 16,457 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Accenture were worth $839,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Investors Research Corp increased 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 acquiring an additional 45 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Accenture by 132.6% in the 3rd 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 during the last quarter. Davis Capital Management purchased a new stake in shares of Accenture in the third quarter valued at $28,000. Elevation Wealth Partners LLC lifted its position 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 buying an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new stake in Accenture in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ACN shares. HSBC raised their target price on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. Wolfe Research upped their price objective on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. UBS Group cut Accenture from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Wells Fargo & Company upped their price target on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada set a $300.00 target price on shares of Accenture in a research report on Thursday, December 18th. Sixteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average target price of $298.38.

Insider Buying and Selling

In other news, General Counsel Joel Unruch sold 1,332 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total value of $366,300.00. Following the transaction, the general counsel directly owned 28,207 shares in the company, valued at approximately $7,756,925. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Manish Sharma sold 2,731 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the sale, the insider directly owned 7,057 shares of the company’s stock, valued at approximately $2,033,333.41. This represents a 27.90% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by insiders.

Accenture Stock Performance

Shares of ACN stock opened at $219.72 on Wednesday. The firm has a market capitalization of $135.26 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.16 and a beta of 1.24. Accenture PLC has a 12 month low of $215.16 and a 12 month high of $392.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The company’s fifty day moving average price is $264.90 and its two-hundred day moving average price is $254.09.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping 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 company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same period in the previous year, the business earned $3.59 EPS. Accenture’s revenue for the quarter was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is 53.88%.

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.