Accenture PLC $ACN Shares Sold by Mirova US LLC

Mirova US LLC lessened its stake in Accenture PLC (NYSE:ACN) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 740,370 shares of the information technology services provider’s stock after selling 30,865 shares during the period. Accenture comprises approximately 1.8% of Mirova US LLC’s portfolio, making the stock its 23rd largest position. Mirova US LLC owned 0.11% of Accenture worth $182,575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Continuum Advisory LLC acquired a new position in Accenture during the 3rd quarter worth about $249,000. Westbourne Investment Advisors Inc. increased its stake in Accenture by 15.0% during the third quarter. Westbourne Investment Advisors Inc. now owns 22,063 shares of the information technology services provider’s stock worth $5,441,000 after purchasing an additional 2,870 shares during the period. Albion Financial Group UT lifted its position in shares of Accenture by 0.8% during the third quarter. Albion Financial Group UT now owns 49,381 shares of the information technology services provider’s stock worth $12,177,000 after purchasing an additional 415 shares in the last quarter. Pure Financial Advisors LLC boosted its stake in shares of Accenture by 2.8% in the third quarter. Pure Financial Advisors LLC now owns 2,876 shares of the information technology services provider’s stock valued at $709,000 after purchasing an additional 77 shares during the period. Finally, Range Financial Group LLC grew its holdings in shares of Accenture by 7.5% in the third quarter. Range Financial Group LLC now owns 1,955 shares of the information technology services provider’s stock valued at $482,000 after purchasing an additional 137 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the sale, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the transaction, the chief executive officer directly owned 1,390 shares in the company, valued at $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,319 shares of company stock valued at $8,335,225 over the last quarter. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on ACN shares. BNP Paribas Exane decreased their price target on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Morgan Stanley reduced their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Accenture in a report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $296.83.

Accenture Price Performance

ACN stock opened at $271.35 on Tuesday. The business has a 50 day moving average price of $256.45 and a 200 day moving average price of $261.34. 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 stock has a market cap of $167.04 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.61 and a beta of 1.26. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.

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

Accenture Announces Dividend

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. This represents a $6.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is currently 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.