Accenture PLC $ACN Shares Sold by Rathbones Group PLC

Rathbones Group PLC cut its stake in shares of Accenture PLC (NYSE:ACNFree Report) by 16.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,105,760 shares of the information technology services provider’s stock after selling 214,514 shares during the quarter. Accenture makes up approximately 1.1% of Rathbones Group PLC’s portfolio, making the stock its 20th biggest position. Rathbones Group PLC owned 0.17% of Accenture worth $272,680,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC grew its holdings in Accenture by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after acquiring an additional 43 shares in the last quarter. Alpha Cubed Investments LLC raised its holdings in shares of Accenture by 6.4% in the 2nd quarter. Alpha Cubed Investments LLC now owns 744 shares of the information technology services provider’s stock valued at $222,000 after purchasing an additional 45 shares in the last quarter. Councilmark Asset Management LLC lifted its position in shares of Accenture by 0.5% during the 2nd quarter. Councilmark Asset Management LLC now owns 9,344 shares of the information technology services provider’s stock worth $2,793,000 after purchasing an additional 45 shares during the last quarter. Investors Research Corp grew its stake in shares of Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Finally, WP Advisors LLC increased its holdings in Accenture by 1.0% in the second quarter. WP Advisors LLC now owns 4,719 shares of the information technology services provider’s stock valued at $1,410,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Performance

Shares of Accenture stock opened at $217.12 on Friday. The firm’s fifty day simple moving average is $248.64 and its 200-day simple moving average is $250.66. Accenture PLC has a 12 month low of $188.73 and a 12 month high of $342.89. The stock has a market capitalization of $133.66 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.07 and a beta of 1.27. 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 (NYSE:ACNGet Free Report) last issued 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 company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ACN shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. Evercore reissued an “outperform” rating and set a $300.00 target price on shares of Accenture in a research report on Thursday, December 18th. Argus lowered their price target on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a report on Monday, December 29th. Berenberg Bank began coverage on shares of Accenture in a research note on Thursday, January 22nd. They issued a “buy” rating and a $313.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. 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, the company has an average rating of “Moderate Buy” and an average target price of $291.69.

Check Out Our Latest Stock Report on ACN

Insider Activity

In other Accenture news, COO Catherine Kiernan Hogan sold 660 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $280.93, for a total transaction of $185,413.80. Following the completion of the sale, the chief operating officer directly owned 12,688 shares of the company’s stock, valued at $3,564,439.84. This represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Melissa A. Burgum sold 3,588 shares of Accenture stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $281.01, for a total value of $1,008,263.88. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,088 shares of company stock worth $5,970,434 over the last quarter. 0.02% of the stock is owned by insiders.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

About Accenture

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACNFree Report).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.