Heritage Family Offices LLP Has $514,000 Stake in Accenture PLC $ACN

Heritage Family Offices LLP reduced its stake in shares of Accenture PLC (NYSE:ACN) by 66.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,085 shares of the information technology services provider’s stock after selling 4,076 shares during the period. Heritage Family Offices LLP’s holdings in Accenture were worth $514,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Aprio Wealth Management LLC lifted its stake in shares of Accenture by 2.1% in the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock worth $512,000 after acquiring an additional 33 shares during the period. Texas Bank & Trust Co increased its position in shares of Accenture by 0.4% during the first quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock worth $2,553,000 after buying an additional 35 shares during the period. Norway Savings Bank boosted its position in Accenture by 0.9% during the second quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock valued at $1,232,000 after acquiring an additional 36 shares during the last quarter. Firethorn Wealth Partners LLC grew its holdings in Accenture by 4.4% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after acquiring an additional 36 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its position 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 worth $1,465,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 0.5%

NYSE:ACN opened at $273.40 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a market cap of $180.03 billion, a PE ratio of 22.50, a PEG ratio of 2.64 and a beta of 1.26. The firm has a 50-day moving average of $251.83 and a 200-day moving average of $264.30.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The business 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 company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. As a group, equities research analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

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

Insider Buying and Selling

In other news, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. The trade was a 64.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Robert W. Baird lowered their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Royal Bank Of Canada lowered their price objective on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Stifel Nicolaus reduced their target price on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Finally, Wells Fargo & Company began coverage on Accenture in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $294.04.

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.