Heritage Family Offices LLP Has $514,000 Stock Position in Accenture PLC $ACN

Heritage Family Offices LLP cut its holdings in Accenture PLC (NYSE:ACN) by 66.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,085 shares of the information technology services provider’s stock after selling 4,076 shares during the period. Heritage Family Offices LLP’s holdings in Accenture were worth $514,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Investors Research Corp grew its position in shares of Accenture by 73.8% during 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. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture in the first quarter valued at approximately $31,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Accenture in the third quarter valued at approximately $32,000. RMG Wealth Management LLC acquired a new stake in Accenture during the second quarter worth approximately $33,000. Finally, Howard Hughes Medical Institute bought a new position in Accenture during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Up 0.5%

ACN opened at $273.40 on Thursday. The company has a market cap of $180.03 billion, a P/E ratio of 22.50, a PEG ratio of 2.64 and a beta of 1.26. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $251.83 and its 200-day moving average is $264.30. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. During the same period in the prior year, the company earned $2.66 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Equities research analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 10th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is currently 53.66%.

Insider Activity at Accenture

In related news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the sale, the insider owned 1,860 shares in the company, valued at $465,018.60. The trade was a 78.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 5,917 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total value of $1,459,250.54. Following the completion of the transaction, the chief executive officer directly owned 8,599 shares of the company’s stock, valued at approximately $2,120,685.38. The trade was a 40.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,319 shares of company stock valued at $8,335,225 in the last 90 days. 0.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. HSBC cut their price objective on shares of Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. Cowen reissued a “buy” rating on shares of Accenture in a report on Friday, September 26th. Citigroup raised shares of Accenture to a “hold” rating in a report on Thursday, October 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Accenture in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $294.04.

About Accenture

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.