3,986 Accenture PLC $ACN Shares Sold by SVB Wealth LLC

SVB Wealth LLC lessened its holdings in shares of Accenture PLC (NYSE:ACN) by 20.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,781 shares of the information technology services provider’s stock after selling 3,986 shares during the quarter. SVB Wealth LLC’s holdings in Accenture were worth $2,894,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ACN. IMG Wealth Management Inc. increased its position in shares of Accenture by 134.8% during the first quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 89 shares in the last quarter. Foresight Capital Management Advisors Inc. acquired a new stake in shares of Accenture in the 3rd quarter worth about $31,000. Signature Equity Partners LLC lifted its position in Accenture by 50.9% in the 3rd quarter. Signature Equity Partners LLC now owns 172 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 58 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in Accenture by 147.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 128 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its stake in Accenture by 587.5% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 220 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Transactions at Accenture

In related news, CEO Ryoji Sekido sold 5,844 shares of the stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $244.84, for a total transaction of $1,430,844.96. Following the completion of the sale, the chief executive officer directly owned 1,194 shares of the company’s stock, valued at approximately $292,338.96. This trade represents a 83.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Julie Sweet purchased 12,200 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average price of $245.99 per share, for a total transaction of $3,001,078.00. Following the completion of the acquisition, the chief executive officer directly owned 48,910 shares of the company’s stock, valued at $12,031,370.90. This trade represents a 33.23% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 18,675 shares of company stock worth $4,747,563. 0.02% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Accenture from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Guggenheim restated a “neutral” rating on shares of Accenture in a report on Friday, October 2nd. Stifel Nicolaus set a $242.00 target price on Accenture in a report on Thursday, October 15th. Deutsche Bank lifted their target price on Accenture from $136.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, September 18th. Finally, Jefferies Financial Group set a $220.00 price target on Accenture in a report on Friday, October 2nd. Ten research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $221.07.

Accenture Stock Down 1.4%

ACN opened at $250.20 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The company’s 50-day moving average is $215.58 and its 200 day moving average is $191.35. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09. The firm has a market capitalization of $147.88 billion, a P/E ratio of 18.45, a PEG ratio of 1.95 and a beta of 1.01.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $18.03 billion. During the same period in the previous year, the company earned $3.03 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Research analysts expect that Accenture PLC will post 14.68 earnings per share for the current fiscal year.

Accenture Increases Dividend

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

Accenture Company Profile

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions. The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.