Simplicity Wealth LLC Sells 10,464 Shares of Accenture PLC $ACN

Simplicity Wealth LLC decreased its position in shares of Accenture PLC (NYSE:ACN) by 60.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,945 shares of the information technology services provider’s stock after selling 10,464 shares during the quarter. Simplicity Wealth LLC’s holdings in Accenture were worth $1,713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Firethorn Wealth Partners LLC increased its stake in Accenture by 4.4% in the second quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock valued at $255,000 after acquiring an additional 36 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Accenture by 0.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after purchasing an additional 38 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Accenture by 3.5% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock worth $363,000 after buying an additional 41 shares in the last quarter. Omnia Family Wealth LLC lifted its position in shares of Accenture by 5.2% during the 2nd quarter. Omnia Family Wealth LLC now owns 847 shares of the information technology services provider’s stock worth $253,000 after buying an additional 42 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in Accenture by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after buying an additional 43 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of ACN opened at $285.40 on Friday. The company has a market cap of $175.70 billion, a PE ratio of 23.59, a P/E/G ratio of 2.70 and a beta of 1.25. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The stock has a 50-day moving average of $267.07 and a 200-day moving average of $258.81. 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 issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. During the same period last year, the business earned $3.59 EPS. Accenture’s quarterly 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. On average, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ACN shares. Guggenheim increased their target price on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Rothschild & Co Redburn increased their price objective on shares of Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Berenberg Bank initiated coverage on shares of Accenture in a research report on Thursday. They issued a “buy” rating and a $313.00 target price on the stock. UBS Group downgraded shares of Accenture from a “buy” rating to a “neutral” rating in a report on Thursday. Finally, Evercore ISI reissued an “outperform” rating and set a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average price target of $297.81.

Insider Activity

In other Accenture news, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 7,123 shares in the company, valued at $1,994,440. This represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manish Sharma sold 2,731 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the transaction, the insider owned 7,057 shares of the company’s stock, valued at approximately $2,033,333.41. The trade was a 27.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,674 shares of company stock valued at $5,661,414 over the last ninety 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.