Huntington National Bank Sells 66,157 Shares of Accenture PLC $ACN

Huntington National Bank cut its holdings in Accenture PLC (NYSE:ACN) by 30.3% during the third quarter, Holdings Channel reports. The institutional investor owned 152,102 shares of the information technology services provider’s stock after selling 66,157 shares during the quarter. Huntington National Bank’s holdings in Accenture were worth $37,508,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of 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 valued at $19,466,641,000 after purchasing an additional 1,315,548 shares in the last quarter. State Street Corp increased its position in 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 valued at $8,373,925,000 after buying an additional 326,979 shares in the last quarter. Geode Capital Management LLC raised its stake in Accenture by 1.1% during the second 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 last quarter. Massachusetts Financial Services Co. MA boosted its holdings 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 worth $2,502,446,000 after acquiring an additional 1,148,970 shares in the last quarter. Finally, Sanders Capital LLC purchased a new stake in shares of Accenture in the second quarter worth $2,637,640,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the topic of a number of analyst reports. TD Cowen upped their price target on shares of Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Berenberg Bank initiated coverage on shares of Accenture in a report on Thursday, January 22nd. They set a “buy” rating and a $313.00 price target on the stock. Argus decreased their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a report on Monday, December 29th. Jefferies Financial Group lifted their target price on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a report on Thursday, January 8th. Finally, Guggenheim upped their price target on Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a report on Monday, December 15th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $296.42.

Accenture Stock Performance

ACN stock opened at $208.35 on Friday. The company has a market cap of $128.26 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Accenture PLC has a 1 year low of $188.73 and a 1 year high of $359.14. The stock’s fifty day moving average price is $254.50 and its 200-day moving average price is $251.85.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The company 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%.Accenture’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Insiders Place Their Bets

In other news, CEO John F. Walsh sold 3,986 shares of Accenture stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the transaction, the chief executive officer owned 27,221 shares in the company, valued at $7,523,339.98. This trade represents a 12.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 1,332 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total value of $366,300.00. Following the completion of the sale, the general counsel owned 28,207 shares of the company’s stock, valued at $7,756,925. This trade represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is currently owned by corporate insiders.

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.