Insider Selling: Accenture (NYSE:ACN) CEO Sells 500 Shares of Stock

Accenture PLC (NYSE:ACN) CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $280.00, for a total value of $140,000.00. Following the transaction, the chief executive officer owned 7,123 shares of the company’s stock, valued at $1,994,440. This trade represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mauro Macchi also recently made the following trade(s):

• On Wednesday, January 7th, Mauro Macchi sold 500 shares of Accenture stock. The stock was sold at an average price of $280.00, for a total transaction of $140,000.00.

Accenture Trading Down 0.0%

Shares of NYSE ACN traded down $0.12 during midday trading on Thursday, reaching $288.42. The stock had a trading volume of 5,742,864 shares, compared to its average volume of 4,510,056. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The company’s 50 day moving average price is $262.44 and its 200 day moving average price is $259.31. The firm has a market cap of $177.55 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 2.67 and a beta of 1.25.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $18.51 billion. During the same quarter in the previous year, the business earned $3.59 earnings per share. 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. As a group, sell-side analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research report on Wednesday. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Accenture in a research note on Thursday, December 18th. Robert W. Baird cut their price objective on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. TD Cowen boosted their target price on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $297.20.

Hedge Funds Weigh In On Accenture

A number of hedge funds have recently added to or reduced their stakes in ACN. PFG Private Wealth Management LLC bought a new stake in Accenture during the 4th quarter worth approximately $402,000. Frank Rimerman Advisors LLC grew its holdings in Accenture by 8.1% during the fourth quarter. Frank Rimerman Advisors LLC now owns 8,795 shares of the information technology services provider’s stock worth $2,360,000 after buying an additional 658 shares in the last quarter. Nilsine Partners LLC raised its position in Accenture by 5.2% in the 4th quarter. Nilsine Partners LLC now owns 3,195 shares of the information technology services provider’s stock valued at $857,000 after buying an additional 158 shares during the last quarter. LeConte Wealth Management LLC lifted its stake in Accenture by 41.8% during the 4th quarter. LeConte Wealth Management LLC now owns 2,278 shares of the information technology services provider’s stock valued at $611,000 after acquiring an additional 672 shares in the last quarter. Finally, Bright Rock Capital Management LLC lifted its position in shares of Accenture by 25.0% during the 4th quarter. Bright Rock Capital Management LLC now owns 35,000 shares of the information technology services provider’s stock worth $9,390,000 after buying an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

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.