Accenture PLC $ACN Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Accenture PLC (NYSE:ACN) by 36.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,097,246 shares of the information technology services provider’s stock after selling 631,581 shares during the period. Victory Capital Management Inc. owned approximately 0.17% of Accenture worth $270,582,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in Accenture by 132.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Investors Research Corp boosted its stake in shares of Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. Davis Capital Management acquired a new stake in shares of Accenture during the third quarter worth approximately $28,000. Elevation Wealth Partners LLC increased its stake in shares of Accenture by 146.0% in the third quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after buying an additional 73 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in Accenture during the 3rd quarter valued at $32,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Evercore restated an “outperform” rating and issued a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. Royal Bank Of Canada set a $300.00 price objective on Accenture in a research note on Thursday, December 18th. Truist Financial began coverage on Accenture in a report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price target for the company. HSBC raised their price objective on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Finally, Berenberg Bank initiated coverage on shares of Accenture in a report on Thursday, January 22nd. They set a “buy” rating and a $313.00 target price on the stock. Sixteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $296.42.

Accenture Trading Up 1.9%

Shares of ACN stock opened at $209.77 on Wednesday. Accenture PLC has a 1 year low of $188.73 and a 1 year high of $349.24. The firm has a market capitalization of $129.14 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. The stock has a fifty day moving average of $251.99 and a two-hundred day moving average of $251.45. 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 (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is currently 53.88%.

Insider Activity

In other news, COO Catherine Kiernan Hogan sold 660 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $280.93, for a total value of $185,413.80. Following the completion of the sale, the chief operating officer owned 12,688 shares in the company, valued at $3,564,439.84. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 6,057 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at $3,679,963.65. This represents a 28.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,088 shares of company stock valued at $5,970,434 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

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.