5,882 Accenture PLC $ACN Shares Sold by Walled Lake Planning & Wealth Management LLC

Walled Lake Planning & Wealth Management LLC reduced its stake in shares of Accenture PLC (NYSE:ACN) by 64.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,288 shares of the information technology services provider’s stock after selling 5,882 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in Accenture were worth $603,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Regent Peak Wealth Advisors LLC increased its holdings in Accenture by 10.4% in the second quarter. Regent Peak Wealth Advisors LLC now owns 74,187 shares of the information technology services provider’s stock valued at $9,232,000 after buying an additional 7,018 shares in the last quarter. Carnegie Investment Counsel boosted its stake in shares of Accenture by 63.5% during the 3rd quarter. Carnegie Investment Counsel now owns 26,565 shares of the information technology services provider’s stock worth $4,871,000 after acquiring an additional 10,322 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Accenture by 72.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,455 shares of the information technology services provider’s stock worth $2,421,000 after acquiring an additional 8,169 shares in the last quarter. Dearborn Partners LLC acquired a new stake in shares of Accenture in the 2nd quarter worth approximately $25,108,000. Finally, Bright Rock Capital Management LLC acquired a new stake in shares of Accenture in the 2nd quarter worth approximately $7,466,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACN has been the subject of several research reports. Weiss Ratings raised Accenture from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 21st. UBS Group set a $278.00 target price on Accenture in a research report on Thursday, October 15th. BMO Capital Markets set a $235.00 target price on Accenture in a report on Friday, October 2nd. Truist Financial raised their price target on Accenture from $150.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Accenture from $136.00 to $175.00 and gave the stock a “hold” rating in a research note on Friday, September 18th. Ten equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat, Accenture presently has an average rating of “Hold” and a consensus target price of $221.07.

Accenture Stock Down 0.1%

ACN stock opened at $257.93 on Monday. The company’s 50 day simple moving average is $202.76 and its 200-day simple moving average is $192.43. The firm has a market capitalization of $152.45 billion, a PE ratio of 19.02, a P/E/G ratio of 1.98 and a beta of 1.01. Accenture PLC has a 12 month low of $118.15 and a 12 month high of $291.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The business had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same period last year, the company posted $3.03 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Equities analysts expect that Accenture PLC will post 14.68 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be issued a dividend of $1.71 per share. This is a boost from Accenture’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, October 13th. This represents a $6.84 dividend on an annualized basis and a yield of 2.7%. Accenture’s payout ratio is currently 50.44%.

Insider Activity at Accenture

In other news, CEO Ryoji Sekido sold 5,844 shares of the business’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $244.84, for a total value of $1,430,844.96. Following the completion of the transaction, the chief executive officer directly owned 1,194 shares of the company’s stock, valued at $292,338.96. The trade was a 83.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Catherine Hogan sold 1,320 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $200.00, for a total value of $264,000.00. Following the completion of the transaction, the chief operating officer directly owned 12,556 shares of the company’s stock, valued at approximately $2,511,200. This trade represents a 9.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,675 shares of company stock valued at $2,047,563 in the last ninety days. 0.02% of the stock is owned by insiders.

About Accenture

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.