Investment House LLC Sells 8,578 Shares of Accenture PLC $ACN

Investment House LLC trimmed its stake in Accenture PLC (NYSE:ACN) by 9.3% during the third quarter, HoldingsChannel.com reports. The fund owned 83,554 shares of the information technology services provider’s stock after selling 8,578 shares during the quarter. Accenture accounts for about 1.0% of Investment House LLC’s holdings, making the stock its 29th largest position. Investment House LLC’s holdings in Accenture were worth $20,604,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Accenture in the 2nd quarter valued at $2,658,000. C WorldWide Group Holding A S grew its stake in shares of Accenture by 35.9% during the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after purchasing an additional 2,151 shares during the last quarter. Truist Financial Corp raised its position in Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after purchasing an additional 28,685 shares during the last quarter. Norges Bank bought a new position in Accenture in the 2nd quarter valued at $2,216,850,000. Finally, D.A. Davidson & CO. boosted its holdings in Accenture by 17.4% in the third quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock valued at $63,771,000 after acquiring an additional 38,325 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Susquehanna boosted their price objective on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Jefferies Financial Group boosted their price target on shares of Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Accenture in a research note on Thursday, December 18th. TD Cowen upped their target price on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, UBS Group lowered Accenture from a “buy” rating to a “hold” rating in a research report on Thursday. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $297.81.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 1,694 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total value of $488,380.20. Following the completion of the transaction, the chief executive officer directly owned 37,346 shares of the company’s stock, valued at approximately $10,766,851.80. This represents a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the completion of the sale, the chief executive officer directly owned 7,123 shares in the company, valued at $1,994,440. This represents a 6.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,674 shares of company stock valued at $5,661,414 in the last quarter. 0.02% of the stock is owned by company insiders.

Accenture Trading Down 1.4%

Shares of NYSE ACN opened at $281.00 on Friday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The stock has a market cap of $172.99 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 2.71 and a beta of 1.25. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average is $267.78 and its 200-day moving average is $258.36.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating 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 business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the prior year, the company earned $3.59 EPS. The firm’s quarterly revenue 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 predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm 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 $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.3%. Accenture’s payout ratio is currently 53.88%.

Accenture Company 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.