Park Avenue Securities LLC Has $4.88 Million Stock Position in Accenture PLC $ACN

Park Avenue Securities LLC lessened its stake in Accenture PLC (NYSE:ACNFree Report) by 40.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 19,788 shares of the information technology services provider’s stock after selling 13,560 shares during the quarter. Park Avenue Securities LLC’s holdings in Accenture were worth $4,880,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after buying an additional 4,905 shares during the last quarter. SageView Advisory Group LLC boosted its holdings in Accenture by 12.6% in the first quarter. SageView Advisory Group LLC now owns 2,736 shares of the information technology services provider’s stock valued at $854,000 after acquiring an additional 307 shares during the last quarter. Anchor Investment Management LLC increased its position in Accenture by 26.0% in the first quarter. Anchor Investment Management LLC now owns 4,372 shares of the information technology services provider’s stock worth $1,364,000 after purchasing an additional 903 shares during the period. Integrity Alliance LLC. bought a new stake in Accenture during the 1st quarter worth about $410,000. Finally, Belpointe Asset Management LLC lifted its position in Accenture by 113.2% during the 1st quarter. Belpointe Asset Management LLC now owns 4,659 shares of the information technology services provider’s stock valued at $1,454,000 after purchasing an additional 2,474 shares during the period. 75.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. BMO Capital Markets reaffirmed a “market perform” rating and set a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. UBS Group reissued a “buy” rating on shares of Accenture in a research note on Wednesday. Robert W. Baird decreased their price objective on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Finally, Guggenheim increased their target price on Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $295.84.

Read Our Latest Analysis on ACN

Trending Headlines about Accenture

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Accenture Price Performance

ACN opened at $281.52 on Friday. The company has a fifty day simple moving average of $259.69 and a 200 day simple moving average of $259.97. 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 cap of $173.30 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.64 and a beta of 1.25. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is 53.88%.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the transaction, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the sale, the insider directly owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 35,151 shares of company stock valued at $8,841,525. 0.02% of the stock is currently owned by insiders.

Accenture Profile

(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.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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