Accenture PLC $ACN Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Accenture PLC (NYSE:ACN) by 80.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,821 shares of the information technology services provider’s stock after selling 32,180 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Accenture were worth $1,929,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ACN. Investors Research Corp raised its holdings in shares of Accenture by 73.8% in 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 in the last quarter. Harbor Capital Advisors Inc. grew its position in Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after buying an additional 61 shares during the last quarter. Davis Capital Management bought a new position in shares of Accenture in the third quarter valued at $28,000. Elevation Wealth Partners LLC boosted its stake in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Accenture in the 3rd quarter worth $32,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

ACN stock opened at $230.57 on Thursday. The stock has a market cap of $141.94 billion, a P/E ratio of 19.06, a P/E/G ratio of 2.32 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a 50 day simple moving average of $268.54 and a 200 day simple moving average of $255.54. Accenture PLC has a 52 week low of $228.83 and a 52 week high of $392.02.

Accenture (NYSE:ACN) last released its 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 $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. During the same quarter in the prior year, the firm earned $3.59 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.8%. Accenture’s payout ratio is 53.88%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ACN shares. Rothschild & Co Redburn upped their target price on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a research note on Monday, January 26th. HSBC lifted their target price on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. Susquehanna raised 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. Finally, TD Cowen lifted their price objective on shares of Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $298.38.

Insider Buying and Selling

In other news, CEO John F. Walsh sold 3,986 shares of Accenture stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 6,057 shares of the business’s 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 sale, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at approximately $3,679,963.65. The trade was a 28.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 22,088 shares of company stock worth $5,970,434. Insiders own 0.02% of the company’s stock.

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.