HighPoint Advisor Group LLC Decreases Stock Holdings in Accenture PLC $ACN

HighPoint Advisor Group LLC lowered its holdings in Accenture PLC (NYSE:ACN) by 32.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,780 shares of the information technology services provider’s stock after selling 3,676 shares during the period. HighPoint Advisor Group LLC’s holdings in Accenture were worth $1,919,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Accenture by 46.9% during the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after purchasing an additional 660 shares during the period. Sax Wealth Advisors LLC raised its stake in shares of Accenture by 4.1% in the second quarter. Sax Wealth Advisors LLC now owns 3,389 shares of the information technology services provider’s stock valued at $1,013,000 after buying an additional 135 shares during the period. Abel Hall LLC purchased a new position in shares of Accenture during the 2nd quarter valued at $213,000. Finally, Ignite Planners LLC increased its holdings in Accenture by 35.5% in the 2nd quarter. Ignite Planners LLC now owns 1,160 shares of the information technology services provider’s stock worth $328,000 after acquiring an additional 304 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ACN shares. Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Truist Financial started coverage on shares of Accenture in a research note on Tuesday, January 6th. They set a “buy” rating and a $317.00 price target on the stock. Wall Street Zen cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Berenberg Bank began coverage on Accenture in a report on Thursday, January 22nd. They issued a “buy” rating and a $313.00 price target for the company. Finally, Susquehanna boosted their price objective on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average price target of $298.38.

Insider Transactions at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 1,694 shares of Accenture stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.30, for a total transaction of $488,380.20. Following the completion of the sale, the chief executive officer owned 37,346 shares of the company’s stock, valued at $10,766,851.80. The trade was a 4.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $786,883.03. Following the transaction, the insider owned 7,057 shares in the company, valued at $2,033,333.41. This trade represents a 27.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,031 shares of company stock worth $4,509,304. Company insiders own 0.02% of the company’s stock.

Accenture Trading Down 3.3%

Accenture stock opened at $233.66 on Friday. 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 fifty-two week low of $229.40 and a fifty-two week high of $397.88. The stock has a market cap of $143.84 billion, a P/E ratio of 19.31, a PEG ratio of 2.33 and a beta of 1.24. The firm’s fifty day moving average price is $270.39 and its 200-day moving average price is $257.04.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The business had revenue of $18.74 billion for 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

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.