Accenture PLC $ACN Stock Position Decreased by SVB Wealth LLC

SVB Wealth LLC reduced its stake in Accenture PLC (NYSE:ACN) by 37.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,839 shares of the information technology services provider’s stock after selling 24,079 shares during the period. SVB Wealth LLC’s holdings in Accenture were worth $11,908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after acquiring an additional 4,905 shares during the period. National Bank of Canada FI grew its position in Accenture by 2.9% in the 1st quarter. National Bank of Canada FI now owns 152,337 shares of the information technology services provider’s stock worth $47,568,000 after purchasing an additional 4,255 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Accenture by 23.5% during the first quarter. Invesco Ltd. now owns 2,823,228 shares of the information technology services provider’s stock valued at $880,960,000 after buying an additional 537,223 shares during the last quarter. Covington Investment Advisors Inc. boosted its position in shares of Accenture by 0.7% during the first quarter. Covington Investment Advisors Inc. now owns 44,003 shares of the information technology services provider’s stock worth $13,731,000 after buying an additional 290 shares during the period. Finally, Biltmore Family Office LLC increased its position in Accenture by 5.8% in the 1st quarter. Biltmore Family Office LLC now owns 735 shares of the information technology services provider’s stock valued at $229,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In related news, CEO Julie Spellman Sweet sold 5,917 shares of Accenture stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the sale, the chief executive officer directly owned 8,599 shares of the company’s stock, valued at $2,120,685.38. This trade represents a 40.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,319 shares of company stock valued at $8,335,225 in the last ninety days. Company insiders own 0.02% of the company’s stock.

Accenture Stock Down 1.1%

ACN stock opened at $266.33 on Monday. The firm has a market cap of $175.37 billion, a PE ratio of 21.92, a PEG ratio of 2.53 and a beta of 1.26. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a fifty day simple moving average of $248.00 and a 200 day simple moving average of $266.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 10th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is currently 53.66%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird lowered their price objective 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. Deutsche Bank Aktiengesellschaft cut their price objective on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Wells Fargo & Company began coverage on Accenture in a report on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 target price for the company. Finally, Stifel Nicolaus dropped their price target on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $294.25.

Accenture Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.