Wealthfront Advisers LLC Sells 11,039 Shares of Accenture PLC $ACN

Wealthfront Advisers LLC trimmed its position in Accenture PLC (NYSE:ACN) by 18.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,025 shares of the information technology services provider’s stock after selling 11,039 shares during the quarter. Wealthfront Advisers LLC’s holdings in Accenture were worth $12,336,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Running Oak Capital LLC boosted its stake in Accenture by 14.3% during the 3rd quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock valued at $14,190,000 after purchasing an additional 7,190 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Accenture during the second quarter valued at approximately $2,658,000. C WorldWide Group Holding A S grew its holdings in Accenture by 35.9% during the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock worth $2,435,000 after buying an additional 2,151 shares in the last quarter. Norges Bank purchased a new stake in Accenture in the 2nd quarter valued at $2,216,850,000. Finally, D.A. Davidson & CO. lifted its stake in Accenture by 17.4% during the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock valued at $63,771,000 after acquiring an additional 38,325 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Trading Up 1.8%

Shares of ACN stock opened at $241.02 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a market cap of $148.37 billion, a P/E ratio of 19.92, a PEG ratio of 2.28 and a beta of 1.24. The company has a 50 day moving average of $269.39 and a 200-day moving average of $255.72. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $392.02.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.21. The business had revenue of $18.74 billion during the quarter, compared to analyst estimates 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 period in the prior year, the company earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm 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 dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.7%. Accenture’s dividend payout ratio is 53.88%.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction that occurred on Tuesday, February 10th. The shares were 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 directly owned 15,255 shares in the company, valued at approximately $3,679,963.65. The trade was a 28.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the sale, the chief executive officer directly owned 27,221 shares in the company, valued at $7,523,339.98. The trade was a 12.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Truist Financial began coverage on shares of Accenture in a report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Evercore reissued an “outperform” rating and set a $300.00 target price on shares of Accenture in a research report on Thursday, December 18th. Citigroup raised Accenture to a “hold” rating in a report on Thursday, October 23rd. Finally, Susquehanna lifted their price target on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. 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 MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $298.38.

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.