First American Bank Sells 9,417 Shares of Accenture PLC $ACN

First American Bank lowered its position in Accenture PLC (NYSE:ACN) by 15.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,443 shares of the information technology services provider’s stock after selling 9,417 shares during the period. First American Bank’s holdings in Accenture were worth $12,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Investors Research Corp raised its stake in shares of Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 61 shares during the period. RMG Wealth Management LLC purchased a new position in shares of Accenture in the second quarter valued at approximately $33,000. Elevation Wealth Partners LLC boosted its position in Accenture by 146.0% during the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 73 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in Accenture during the third quarter worth approximately $32,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of NYSE:ACN opened at $271.35 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $256.45 and its two-hundred day moving average is $261.34. The firm has a market capitalization of $167.04 billion, a P/E ratio of 22.43, a PEG ratio of 2.61 and a beta of 1.26. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35.

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

Accenture Announces Dividend

The firm 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 dividend of $1.63 per share. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.4%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Wall Street Analysts Forecast Growth

ACN has been the topic of several recent analyst reports. BNP Paribas Exane decreased their price target on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Wells Fargo & Company began coverage on Accenture in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 price objective for the company. Robert W. Baird dropped their price target on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Rothschild Redb lowered shares of Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Cowen reaffirmed a “buy” rating on shares of Accenture in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $296.83.

Insider Activity

In other news, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the sale, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. This represents a 78.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the transaction, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,319 shares of company stock worth $8,335,225 in the last 90 days. Company insiders own 0.02% of the company’s stock.

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.