Accenture PLC $ACN Shares Sold by SVB Wealth LLC

SVB Wealth LLC trimmed its stake in Accenture PLC (NYSE:ACN) by 20.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,781 shares of the information technology services provider’s stock after selling 3,986 shares during the quarter. SVB Wealth LLC’s holdings in Accenture were worth $2,894,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dogwood Wealth Management LLC raised its holdings in shares of Accenture by 147.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 128 shares during the period. IMG Wealth Management Inc. lifted its stake in Accenture by 134.8% in the first quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 89 shares during the last quarter. Foresight Capital Management Advisors Inc. bought a new position in Accenture during the third quarter valued at $31,000. Signature Equity Partners LLC grew its holdings in Accenture by 50.9% during the third quarter. Signature Equity Partners LLC now owns 172 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 58 shares during the period. Finally, Arlington Trust Co LLC increased its position in Accenture by 110.4% in the second quarter. Arlington Trust Co LLC now owns 284 shares of the information technology services provider’s stock worth $35,000 after buying an additional 149 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Accenture Stock Down 1.4%

Accenture stock opened at $250.20 on Friday. The firm has a 50 day simple moving average of $215.58 and a 200 day simple moving average of $191.35. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. Accenture PLC has a 1-year low of $118.15 and a 1-year high of $291.09. The firm has a market capitalization of $147.88 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.95 and a beta of 1.01.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.11. The firm had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $18.03 billion. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. On average, analysts predict that Accenture PLC will post 14.68 earnings per share for the current year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, October 13th. This is a positive change from Accenture’s previous quarterly dividend of $1.63. Accenture’s dividend payout ratio is presently 50.44%.

Insider Activity at Accenture

In related news, CEO Julie Sweet acquired 12,200 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average price of $245.99 per share, with a total value of $3,001,078.00. Following the acquisition, the chief executive officer owned 48,910 shares of the company’s stock, valued at approximately $12,031,370.90. This trade represents a 33.23% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Melissa Burgum sold 811 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $250.00, for a total value of $202,750.00. Following the completion of the transaction, the chief accounting officer owned 9,820 shares of the company’s stock, valued at approximately $2,455,000. This represents a 7.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,675 shares of company stock worth $4,747,563 in the last 90 days. 0.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial boosted their target price on Accenture from $150.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, October 2nd. Stifel Nicolaus set a $242.00 price target on Accenture in a research note on Thursday, October 15th. Susquehanna lifted their price objective on Accenture from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. Deutsche Bank boosted their price objective on Accenture from $136.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, September 18th. Finally, TD Cowen upped their price objective on shares of Accenture from $193.00 to $201.00 and gave the company a “hold” rating in a report on Thursday, October 15th. Ten research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $221.07.

About Accenture

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions. The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.