Precedent Wealth Partners LLC Buys 4,999 Shares of Accenture PLC $ACN

Precedent Wealth Partners LLC increased its stake in shares of Accenture PLC (NYSE:ACN) by 60.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,270 shares of the information technology services provider’s stock after purchasing an additional 4,999 shares during the period. Precedent Wealth Partners LLC’s holdings in Accenture were worth $2,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management boosted its holdings in Accenture by 18.3% in the third quarter. Alpine Bank Wealth Management now owns 323 shares of the information technology services provider’s stock worth $59,000 after purchasing an additional 50 shares during the last quarter. Alliance Wealth Advisors LLC grew its position in Accenture by 2.9% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 1,819 shares of the information technology services provider’s stock worth $334,000 after purchasing an additional 51 shares during the period. Hibernia Wealth Partners LLC raised its stake in Accenture by 4.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 1,354 shares of the information technology services provider’s stock valued at $269,000 after buying an additional 58 shares during the last quarter. GS Investments Inc. raised its stake in Accenture by 0.5% during the 1st quarter. GS Investments Inc. now owns 12,415 shares of the information technology services provider’s stock valued at $2,462,000 after buying an additional 60 shares during the last quarter. Finally, Camelot Portfolios LLC lifted its holdings in shares of Accenture by 1.4% during the 2nd quarter. Camelot Portfolios LLC now owns 4,526 shares of the information technology services provider’s stock valued at $563,000 after buying an additional 62 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, CEO Ryoji Sekido sold 5,844 shares of the business’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $244.84, for a total transaction of $1,430,844.96. Following the completion of the sale, the chief executive officer owned 1,194 shares of the company’s stock, valued at approximately $292,338.96. The trade was a 83.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Melissa Burgum sold 811 shares of the company’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $250.00, for a total value of $202,750.00. Following the completion of the sale, the chief accounting officer owned 9,820 shares of the company’s stock, valued at approximately $2,455,000. The trade was a 7.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 19,173 shares of company stock valued at $3,758,527 over the last three months. 0.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Accenture from $179.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, September 25th. Jefferies Financial Group set a $220.00 price objective on Accenture in a research report on Friday, October 2nd. Evercore set a $250.00 target price on Accenture and gave the company an “outperform” rating in a report on Thursday, October 1st. The Goldman Sachs Group raised their target price on Accenture from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Finally, Weiss Ratings upgraded Accenture from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Accenture has a consensus rating of “Hold” and a consensus target price of $219.52.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture Federal Services is partnering with Google Public Sector to develop Gemini launchpads for U.S. federal agencies. The tools are intended to help government customers integrate generative AI into mission workflows and internal operations, potentially strengthening Accenture’s federal pipeline and AI credentials. What Is Accenture Signaling With Its Federal AI Push and China Review?
• Positive Sentiment: Recent quarterly results exceeded expectations, with earnings of $3.29 per share versus a $3.18 consensus estimate and revenue of $18.68 billion versus $18.03 billion expected. Revenue rose 6.2% year over year, while strong bookings helped drive investor optimism. These 3 Stocks Surged Following Strong Quarterly Results
• Neutral Sentiment: Accenture is reviewing strategic options for its Greater China operations, including a possible divestiture. A sale could simplify the portfolio and reduce geopolitical exposure, but the review also highlights uncertainty around the region.
• Neutral Sentiment: Robert W. Baird reaffirmed its Neutral rating while raising its price target to $252 from $245. The higher target acknowledges recent momentum, but remains below the referenced trading level. Baird Downgrades Accenture to Neutral
• Negative Sentiment: Baird downgraded Accenture from Outperform to Neutral, arguing that shares had nearly doubled from their June low and that the valuation now reflects slower growth prospects. This may limit further upside unless growth accelerates. Accenture Stock Gets Downgraded as the Good News May Already Be Priced In
• Negative Sentiment: CEO Ryoji Sekido sold 5,844 shares worth approximately $1.43 million, reducing his reported ownership by 83%. Insider sales are not necessarily a signal of deteriorating fundamentals, but the transaction can weigh modestly on sentiment.

Accenture Stock Up 7.8%

ACN opened at $259.11 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31. Accenture PLC has a 1-year low of $118.15 and a 1-year high of $291.09. The company has a market capitalization of $173.04 billion, a PE ratio of 19.11, a PEG ratio of 1.85 and a beta of 1.11. The firm’s 50 day simple moving average is $194.57 and its two-hundred day simple moving average is $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The business had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter last year, the company posted $3.03 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, equities analysts forecast that Accenture PLC will post 14.68 EPS for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, October 13th. Accenture’s dividend payout ratio (DPR) is presently 50.44%.

Accenture Profile

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.