Legacy Wealth Asset Management LLC Sells 1,863 Shares of Accenture PLC $ACN

Legacy Wealth Asset Management LLC lessened its position in Accenture PLC (NYSE:ACN) by 35.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,334 shares of the information technology services provider’s stock after selling 1,863 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Accenture were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. PFW Advisors LLC increased its holdings in Accenture by 2.6% during the 3rd quarter. PFW Advisors LLC now owns 7,786 shares of the information technology services provider’s stock valued at $1,920,000 after purchasing an additional 198 shares during the period. Brighton Jones LLC grew its position in shares of Accenture by 10.5% in the 3rd quarter. Brighton Jones LLC now owns 19,436 shares of the information technology services provider’s stock worth $4,793,000 after buying an additional 1,848 shares during the last quarter. Salvus Wealth Management LLC increased its stake in shares of Accenture by 4.8% during the third quarter. Salvus Wealth Management LLC now owns 1,500 shares of the information technology services provider’s stock valued at $370,000 after buying an additional 69 shares during the period. TOWER TRUST & INVESTMENT Co raised its holdings in shares of Accenture by 3.3% during the third quarter. TOWER TRUST & INVESTMENT Co now owns 2,815 shares of the information technology services provider’s stock valued at $694,000 after acquiring an additional 91 shares in the last quarter. Finally, Marion Wealth Management lifted its stake in Accenture by 8.9% in the third quarter. Marion Wealth Management now owns 13,546 shares of the information technology services provider’s stock worth $3,341,000 after acquiring an additional 1,106 shares during the period. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Accenture

In related news, CEO Julie Spellman Sweet sold 5,917 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were 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 in the company, valued at $2,120,685.38. The trade was a 40.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the transaction, the insider directly owned 1,860 shares in the company, valued at $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Rothschild & Co Redburn upped their price objective on shares of Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Royal Bank Of Canada set a $300.00 price target on shares of Accenture in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. Stifel Nicolaus reduced their target price on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Finally, Wall Street Zen cut Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.29.

Accenture Price Performance

ACN stock opened at $270.65 on Tuesday. 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 market capitalization of $178.22 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.64 and a beta of 1.26. The firm has a 50 day moving average price of $253.36 and a 200-day moving average price of $263.02. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same quarter last year, the company earned $3.59 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio is 53.88%.

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.