First Long Island Investors LLC Cuts Stake in Accenture PLC $ACN

First Long Island Investors LLC cut its holdings in Accenture PLC (NYSE:ACN) by 9.3% during the third quarter, Holdings Channel reports. The firm owned 66,767 shares of the information technology services provider’s stock after selling 6,874 shares during the quarter. First Long Island Investors LLC’s holdings in Accenture were worth $16,465,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ACN. Sanders Capital LLC purchased a new position in shares of Accenture in the second quarter worth $2,637,640,000. Norges Bank purchased a new stake in Accenture in the 2nd quarter worth $2,216,850,000. Vanguard Group Inc. boosted its holdings in shares of Accenture by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock valued at $19,466,641,000 after purchasing an additional 1,315,548 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Accenture by 12.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock worth $2,502,446,000 after buying an additional 1,148,970 shares in the last quarter. Finally, Flossbach Von Storch SE boosted its stake in Accenture by 48.0% during the second quarter. Flossbach Von Storch SE now owns 2,408,800 shares of the information technology services provider’s stock valued at $719,966,000 after buying an additional 781,211 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Melissa A. Burgum sold 3,588 shares of the company’s 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 sale, the chief accounting officer owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This represents a 30.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total value of $1,461,130.11. Following the sale, the chief executive officer owned 15,255 shares of the company’s stock, valued at approximately $3,679,963.65. This represents a 28.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,088 shares of company stock valued at $5,970,434 over the last quarter. 0.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ACN has been the topic of several recent research reports. Citigroup decreased their price objective on Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Wells Fargo & Company upped their price target on shares of Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Argus dropped their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, December 29th. HSBC upped their target price on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. Finally, Truist Financial initiated coverage on Accenture in a research report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price target for the company. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $296.42.

Accenture Price Performance

Shares of ACN stock opened at $208.35 on Monday. The firm has a market capitalization of $128.26 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.01 and a beta of 1.28. The stock has a 50 day moving average price of $254.50 and a 200 day moving average price of $251.99. Accenture PLC has a 52-week low of $188.73 and a 52-week high of $359.14. 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 (NYSE:ACN) last announced 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 analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.Accenture’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Accenture Profile

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.