Accenture PLC $ACN Shares Sold by Capital Research Global Investors

Capital Research Global Investors trimmed its position in Accenture PLC (NYSE:ACN) by 32.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,677,090 shares of the information technology services provider’s stock after selling 2,725,188 shares during the quarter. Capital Research Global Investors’ holdings in Accenture were worth $1,399,973,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Investors Research Corp boosted its position in Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of 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 acquiring an additional 61 shares during the last quarter. Davis Capital Management purchased a new position in Accenture in the third quarter valued at about $28,000. Elevation Wealth Partners LLC raised its position in shares of Accenture by 146.0% in 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 in the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Accenture in the third quarter worth $32,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACN. HSBC boosted their target price on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. Royal Bank Of Canada set a $300.00 price target on Accenture in a report on Thursday, December 18th. Citigroup reduced their price objective on Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Accenture from $280.00 to $230.00 and set a “hold” rating on the stock in a report on Friday. Finally, Susquehanna increased their price objective on shares of Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $291.69.

Accenture Stock Down 2.7%

ACN opened at $209.18 on Tuesday. The stock’s fifty day moving average is $247.40 and its 200-day moving average is $250.32. The company has a market capitalization of $128.77 billion, a PE ratio of 17.29, a P/E/G ratio of 2.07 and a beta of 1.28. Accenture PLC has a one year low of $188.73 and a one year high of $339.90. 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 issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate of $3.73 by $0.21. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. Accenture’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 3.1%. Accenture’s dividend payout ratio (DPR) is currently 53.88%.

Insider Buying and Selling at Accenture

In related news, CEO Julie Spellman Sweet sold 6,057 shares of the 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 completion of the transaction, the chief executive officer owned 15,255 shares in the company, valued at $3,679,963.65. This trade represents a 28.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 1,026 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $281.70, for a total transaction of $289,024.20. Following the completion of the transaction, the general counsel owned 27,181 shares of the company’s stock, valued at approximately $7,656,887.70. The trade was a 3.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,088 shares of company stock valued at $5,970,434 over the last 90 days. 0.02% of the stock is owned by 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.