Townsquare Capital LLC Cuts Stock Holdings in Accenture PLC $ACN

Townsquare Capital LLC lowered its stake in Accenture PLC (NYSE:ACN) by 44.9% during the 3rd quarter, Holdings Channel reports. The firm owned 10,738 shares of the information technology services provider’s stock after selling 8,743 shares during the quarter. Townsquare Capital LLC’s holdings in Accenture were worth $2,648,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Investors Research Corp boosted its stake in Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position 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 in the third quarter valued at $28,000. Elevation Wealth Partners LLC raised its stake 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 valued at $30,000 after purchasing an additional 73 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Accenture in the 3rd quarter worth $32,000. 75.14% of the stock is owned by institutional investors.

Insider Transactions at Accenture

In other Accenture news, insider Manish Sharma sold 2,731 shares of Accenture stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the completion of the sale, the insider directly owned 7,057 shares in the company, valued at approximately $2,033,333.41. The trade was a 27.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John F. Walsh sold 3,986 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the transaction, the chief executive officer owned 27,221 shares of the company’s stock, valued at $7,523,339.98. This represents a 12.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,934 shares of company stock worth $5,965,166 over the last ninety days. 0.02% of the stock is currently owned by insiders.

Accenture Trading Down 3.5%

Shares of NYSE ACN opened at $261.01 on Friday. 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 business has a fifty day simple moving average of $270.28 and a two-hundred day simple moving average of $258.11. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The firm has a market cap of $160.68 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25.

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

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Analysts Set New Price Targets

Several analysts have recently issued reports on ACN shares. TD Cowen upped their target price on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Wall Street Zen downgraded Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Royal Bank Of Canada set a $300.00 target price on Accenture in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price target on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $298.38.

Accenture Company 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.