Varma Mutual Pension Insurance Co Sells 6,800 Shares of Accenture PLC $ACN

Varma Mutual Pension Insurance Co decreased its holdings in shares of Accenture PLC (NYSE:ACN) by 7.3% during the third quarter, Holdings Channel.com reports. The firm owned 86,786 shares of the information technology services provider’s stock after selling 6,800 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Accenture were worth $21,401,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Omnia Family Wealth LLC raised its position in shares of Accenture by 5.2% during the 2nd 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 in the last quarter. SkyView Investment Advisors LLC increased its stake in Accenture by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after acquiring an additional 43 shares during the last quarter. Harbour Investments Inc. raised its position in Accenture by 3.6% during the second quarter. Harbour Investments Inc. now owns 1,274 shares of the information technology services provider’s stock valued at $381,000 after purchasing an additional 44 shares during the period. Alpha Cubed Investments LLC lifted its stake in shares of Accenture by 6.4% in the 2nd quarter. Alpha Cubed Investments LLC now owns 744 shares of the information technology services provider’s stock valued at $222,000 after purchasing an additional 45 shares during the last quarter. Finally, Councilmark Asset Management LLC increased its position in shares of Accenture by 0.5% during the 2nd quarter. Councilmark Asset Management LLC now owns 9,344 shares of the information technology services provider’s stock valued at $2,793,000 after purchasing an additional 45 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Down 4.3%

ACN stock opened at $230.57 on Thursday. Accenture PLC has a 52-week low of $228.83 and a 52-week high of $392.02. 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 firm has a market cap of $141.94 billion, a P/E ratio of 19.06, a PEG ratio of 2.32 and a beta of 1.24. The company’s 50-day simple moving average is $268.54 and its 200-day simple moving average is $255.54.

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

Accenture Dividend Announcement

The business also recently declared 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 2.8%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

Insider Transactions at Accenture

In related news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 27,221 shares in the company, valued at approximately $7,523,339.98. This trade represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total value of $1,461,130.11. Following the completion of the transaction, the chief executive officer owned 15,255 shares in the company, valued at $3,679,963.65. This represents a 28.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,088 shares of company stock valued at $5,970,434 in the last three months. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wolfe Research raised their price target on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Royal Bank Of Canada set a $300.00 target price on Accenture in a report on Thursday, December 18th. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 price objective on shares of Accenture in a report on Thursday, December 18th. Susquehanna increased their price target on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Finally, Argus decreased their price objective on Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a report on Monday, December 29th. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $298.38.

About Accenture

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.