Sequoia Financial Advisors LLC Sells 3,139 Shares of Accenture PLC $ACN

Sequoia Financial Advisors LLC reduced its holdings in shares of Accenture PLC (NYSE:ACN) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,604 shares of the information technology services provider’s stock after selling 3,139 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Accenture were worth $11,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACN. Firethorn Wealth Partners LLC boosted its holdings in shares of Accenture by 4.4% in the second 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. Wealthcare Advisory Partners LLC lifted its holdings in Accenture by 0.8% during 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 purchasing an additional 38 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in Accenture by 3.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock worth $363,000 after purchasing an additional 41 shares during the period. Silver Oak Securities Incorporated grew its holdings in Accenture by 5.2% during the 2nd quarter. Silver Oak Securities Incorporated now owns 857 shares of the information technology services provider’s stock valued at $256,000 after buying an additional 42 shares in the last quarter. Finally, Omnia Family Wealth LLC increased its position in shares of Accenture by 5.2% during the second quarter. Omnia Family Wealth LLC now owns 847 shares of the information technology services provider’s stock valued at $253,000 after buying an additional 42 shares during the period. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Accenture from $235.00 to $265.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. UBS Group reissued a “buy” rating on shares of Accenture in a report on Wednesday, January 7th. Guggenheim upped their price target on shares of Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, December 15th. HSBC lifted their price objective on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Finally, Cowen restated a “buy” rating on shares of Accenture in a research note on Friday, September 26th. One 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $297.20.

Insider Activity

In related news, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction on Wednesday, October 22nd. The shares were 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. This trade represents a 64.27% 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, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the sale, the chief executive officer owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 40,076 shares of company stock valued at $10,256,788. Insiders own 0.02% of the company’s stock.

Accenture Stock Down 0.5%

Shares of NYSE:ACN opened at $286.33 on Monday. The firm has a market capitalization of $176.27 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.76 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The firm has a fifty day moving average of $264.19 and a 200 day moving average of $258.82.

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

Accenture Announces Dividend

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 given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

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.