Mutual of America Capital Management LLC Sells 4,277 Shares of Accenture PLC $ACN

Mutual of America Capital Management LLC trimmed its holdings in Accenture PLC (NYSE:ACN) by 6.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 67,506 shares of the information technology services provider’s stock after selling 4,277 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Accenture were worth $16,647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanders Capital LLC purchased a new position in shares of Accenture during the second quarter valued at approximately $2,637,640,000. Norges Bank purchased a new stake in Accenture during the 2nd quarter valued at $2,216,850,000. Vanguard Group Inc. lifted its holdings in shares of Accenture by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock valued at $19,466,641,000 after buying an additional 1,315,548 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Accenture by 12.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock worth $2,502,446,000 after buying an additional 1,148,970 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC bought a new stake in shares of Accenture in the second quarter worth $308,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of recent research reports. Citigroup raised Accenture to a “hold” rating in a report on Thursday, October 23rd. Guggenheim increased their price objective on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. HSBC boosted their target price on shares of Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. UBS Group cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Wolfe Research boosted their price objective on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $297.81.

Accenture Price Performance

NYSE:ACN opened at $281.00 on Monday. The firm has a market capitalization of $172.99 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.71 and a beta of 1.25. The business has a 50 day simple moving average of $267.78 and a 200-day simple moving average of $258.09. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41.

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 net margin of 10.76% and a return on equity of 26.65%. The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. During the same quarter in the previous year, the business posted $3.59 earnings per share. The business’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. Equities analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.3%. Accenture’s dividend payout ratio is 53.88%.

Insiders Place Their Bets

In other news, insider Manish Sharma sold 2,731 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total value of $786,883.03. Following the transaction, the insider owned 7,057 shares in the company, valued at $2,033,333.41. This trade represents a 27.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mauro Macchi sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $280.00, for a total value of $140,000.00. Following the sale, the chief executive officer owned 7,123 shares of the company’s stock, valued at $1,994,440. The trade was a 6.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 21,674 shares of company stock valued at $5,661,414. Corporate insiders own 0.02% of the company’s stock.

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.