Accenture PLC $ACN Shares Sold by Legacy Private Trust Co.

Legacy Private Trust Co. lowered its position in shares of Accenture PLC (NYSE:ACN) by 56.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,675 shares of the information technology services provider’s stock after selling 6,183 shares during the quarter. Legacy Private Trust Co.’s holdings in Accenture were worth $1,153,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Accenture by 2.1% during the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after purchasing an additional 1,315,548 shares during the period. State Street Corp increased its holdings in Accenture by 1.2% in the 2nd quarter. State Street Corp now owns 28,016,605 shares of the information technology services provider’s stock worth $8,373,925,000 after buying an additional 326,979 shares during the period. Geode Capital Management LLC raised its position in Accenture by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider’s stock worth $4,182,331,000 after buying an additional 147,931 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Accenture by 0.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,998,826 shares of the information technology services provider’s stock valued at $2,689,659,000 after acquiring an additional 56,108 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Accenture by 63.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACN has been the subject of several recent research reports. BNP Paribas Exane reduced their target price on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Wells Fargo & Company initiated coverage on Accenture in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 price objective for the company. Morgan Stanley dropped their target price on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Finally, Mizuho decreased their price target on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $294.04.

Insider Buying and Selling at Accenture

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the transaction, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the sale, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,319 shares of company stock valued at $8,335,225 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of Accenture stock opened at $273.40 on Thursday. The firm has a market cap of $180.03 billion, a PE ratio of 22.50, a P/E/G ratio of 2.64 and a beta of 1.26. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $251.83 and a 200 day moving average price of $264.30.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $0.20. The company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 10th were given a dividend of $1.63 per share. This is a boost from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, October 10th. Accenture’s dividend payout ratio (DPR) is currently 53.66%.

Accenture Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.