Parr Mcknight Wealth Management Group LLC Trims Stock Position in Accenture PLC $ACN

Parr Mcknight Wealth Management Group LLC decreased its position in Accenture PLC (NYSE:ACN) by 30.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,535 shares of the information technology services provider’s stock after selling 7,750 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Accenture were worth $4,324,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ACN. Vanguard Group Inc. increased its stake in Accenture by 2.1% during the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after acquiring an additional 1,315,548 shares during the last quarter. State Street Corp increased its position in shares of Accenture by 1.2% during the 2nd quarter. State Street Corp now owns 28,016,605 shares of the information technology services provider’s stock worth $8,373,925,000 after purchasing an additional 326,979 shares during the last quarter. Geode Capital Management LLC raised its holdings in Accenture by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider’s stock valued at $4,182,331,000 after buying an additional 147,931 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Accenture by 12.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock valued at $2,502,446,000 after buying an additional 1,148,970 shares during the last quarter. Finally, Sanders Capital LLC purchased a new position in Accenture during the second quarter worth about $2,637,640,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ACN shares. Dbs Bank upgraded shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft upped their price target on Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. TD Cowen lifted their price objective on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, December 19th. HSBC increased their target price on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Finally, Susquehanna lifted their target price on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $298.38.

Insider Activity

In other Accenture news, General Counsel Joel Unruch sold 1,026 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $281.70, for a total value of $289,024.20. Following the completion of the transaction, the general counsel owned 27,181 shares in the company, valued at $7,656,887.70. This represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Melissa A. Burgum sold 3,588 shares of Accenture stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $281.01, for a total value of $1,008,263.88. Following the sale, the chief accounting officer owned 8,179 shares in the company, valued at $2,298,380.79. This trade represents a 30.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,088 shares of company stock valued at $5,970,434 over the last 90 days. Insiders own 0.02% of the company’s stock.

Accenture Trading Down 6.8%

NYSE ACN opened at $200.72 on Tuesday. Accenture PLC has a 52 week low of $199.10 and a 52 week high of $366.93. The firm has a 50 day moving average of $260.19 and a two-hundred day moving average of $253.10. 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 market capitalization of $123.56 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24.

Accenture (NYSE:ACN) last released 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. The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, research analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend 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.