Venturi Wealth Management LLC Lowers Stock Position in Accenture PLC $ACN

Venturi Wealth Management LLC cut its stake in shares of Accenture PLC (NYSE:ACN) by 46.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,448 shares of the information technology services provider’s stock after selling 2,965 shares during the quarter. Venturi Wealth Management LLC’s holdings in Accenture were worth $850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ACN. Investors Research Corp grew its position in Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Davis Capital Management purchased a new position in shares of Accenture in the 3rd quarter worth about $28,000. Elevation Wealth Partners LLC increased its position in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Accenture during the 3rd quarter valued at about $32,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

Accenture stock opened at $281.52 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm 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 1-year low of $229.40 and a 1-year high of $398.35. The firm has a 50-day moving average of $259.69 and a 200-day moving average of $259.97.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same quarter in the prior year, the company posted $3.59 EPS. Accenture’s quarterly revenue was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ACN shares. Jefferies Financial Group boosted their price objective on shares of Accenture from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Susquehanna raised their price objective on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Argus lowered their target price on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, December 29th. Finally, BMO Capital Markets restated a “market perform” rating and set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.84.

Insider Transactions at Accenture

In other news, insider Manish Sharma sold 6,902 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the transaction, the insider owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This represents a 78.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 5,917 shares of Accenture stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total value of $1,459,250.54. Following the sale, the chief executive officer owned 8,599 shares in the company, valued at $2,120,685.38. This represents a 40.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 35,151 shares of company stock worth $8,841,525. 0.02% of the stock is 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.