US Bancorp DE Sells 34,770 Shares of Accenture PLC $ACN

US Bancorp DE lessened its position in shares of Accenture PLC (NYSE:ACNFree Report) by 3.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,062,134 shares of the information technology services provider’s stock after selling 34,770 shares during the period. US Bancorp DE’s holdings in Accenture were worth $261,924,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ACN. Brighton Jones LLC grew its stake in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Accenture by 46.9% during the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after acquiring an additional 660 shares in the last quarter. United Bank boosted its stake in Accenture by 49.8% in the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after purchasing an additional 1,209 shares in the last quarter. Bessemer Group Inc. grew its position in Accenture by 2.7% during the 2nd quarter. Bessemer Group Inc. now owns 34,673 shares of the information technology services provider’s stock worth $10,365,000 after purchasing an additional 913 shares during the last quarter. Finally, May Hill Capital LLC purchased a new position in shares of Accenture in the second quarter worth $223,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Price Performance

Accenture stock opened at $191.62 on Thursday. The stock has a market capitalization of $117.96 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.89 and a beta of 1.24. The company’s fifty day moving average price is $257.04 and its 200 day moving average price is $252.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. Accenture PLC has a 1 year low of $188.73 and a 1 year high of $363.01.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same period last year, the firm posted $3.59 earnings per share. The company’s 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. As a group, equities research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, January 13th. Accenture’s payout ratio is 53.88%.

Key Headlines Impacting Accenture

Here are the key news stories impacting Accenture this week:

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 target price on shares of Accenture in a research note on Thursday, December 18th. Guggenheim raised their price objective on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. HSBC increased their price target on shares of Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a report on Monday, January 26th. Finally, Citigroup lowered their price target on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $296.42.

View Our Latest Stock Report on Accenture

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the sale, the chief executive officer owned 15,255 shares of the company’s stock, valued at $3,679,963.65. The trade was a 28.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Melissa A. Burgum sold 3,588 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the completion of the transaction, the chief accounting officer directly owned 8,179 shares in the company, valued at approximately $2,298,380.79. This represents a 30.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is 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.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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