Accenture PLC $ACN Shares Sold by Lbp Am Sa

Lbp Am Sa lessened its holdings in shares of Accenture PLC (NYSE:ACN) by 61.8% during the third quarter, HoldingsChannel reports. The firm owned 111,885 shares of the information technology services provider’s stock after selling 181,240 shares during the quarter. Lbp Am Sa’s holdings in Accenture were worth $27,591,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Investors Research Corp boosted its stake in 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 buying an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Accenture by 132.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Davis Capital Management purchased a new position in shares of Accenture during the 3rd quarter worth about $28,000. RMG Wealth Management LLC acquired a new stake in shares of Accenture in the second quarter worth approximately $33,000. Finally, Elevation Wealth Partners LLC grew its holdings in Accenture by 146.0% in the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Evercore ISI reiterated an “outperform” rating and issued a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. TD Cowen lifted their target price on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 19th. Wolfe Research boosted their price target on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Wall Street Zen downgraded Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $297.81.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $253.40, for a total value of $2,280,600.00. Following the completion of the transaction, the chief executive officer owned 14,516 shares of the company’s stock, valued at approximately $3,678,354.40. This represents a 38.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mauro Macchi sold 500 shares of Accenture 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 in the company, valued at $1,994,440. This represents a 6.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 21,674 shares of company stock worth $5,661,414. 0.02% of the stock is owned by corporate insiders.

Accenture Price Performance

Shares of NYSE ACN opened at $281.00 on Monday. The company 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 company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The business has a 50-day moving average of $267.78 and a 200-day moving average of $258.09.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. During the same period in the previous year, the company posted $3.59 EPS. Accenture’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. On average, equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.3%. Accenture’s payout ratio is 53.88%.

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.