Obermeyer Wealth Partners Reduces Position in Accenture PLC $ACN

Obermeyer Wealth Partners lowered its stake in Accenture PLC (NYSE:ACN) by 72.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,053 shares of the information technology services provider’s stock after selling 8,034 shares during the period. Obermeyer Wealth Partners’ holdings in Accenture were worth $753,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACN. Kera Capital Partners Inc. purchased a new position in Accenture during the 3rd quarter worth approximately $350,000. Exencial Wealth Advisors LLC raised its holdings in shares of Accenture by 24.9% during the third quarter. Exencial Wealth Advisors LLC now owns 5,543 shares of the information technology services provider’s stock worth $1,367,000 after purchasing an additional 1,104 shares during the last quarter. Divergent Planning LLC lifted its position in Accenture by 19.5% during the third quarter. Divergent Planning LLC now owns 1,162 shares of the information technology services provider’s stock valued at $285,000 after purchasing an additional 190 shares during the period. Sage Private Wealth Group LLC grew its position in Accenture by 36.4% during the 3rd quarter. Sage Private Wealth Group LLC now owns 2,003 shares of the information technology services provider’s stock worth $494,000 after purchasing an additional 535 shares during the period. Finally, Bangor Savings Bank raised its stake in shares of Accenture by 296.0% during the 3rd quarter. Bangor Savings Bank now owns 4,360 shares of the information technology services provider’s stock valued at $1,075,000 after buying an additional 3,259 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 5,917 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the completion of the transaction, the chief executive officer owned 8,599 shares of the company’s stock, valued at $2,120,685.38. This trade represents a 40.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the transaction, the chief executive officer owned 1,390 shares in the company, valued at approximately $346,763.30. This represents a 64.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 35,151 shares of company stock worth $8,841,525. Insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of NYSE:ACN opened at $276.61 on Wednesday. The business’s 50 day moving average price is $261.63 and its 200-day moving average price is $259.10. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $170.28 billion, a PE ratio of 22.86, a P/E/G ratio of 2.71 and a beta of 1.25. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $18.51 billion. During the same period in the prior year, the business earned $3.59 earnings per share. The company’s quarterly 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 research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Wall Street Analyst Weigh In

Several analysts recently commented on ACN shares. Royal Bank Of Canada set a $300.00 target price on Accenture in a report on Thursday, December 18th. Mizuho dropped their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Jefferies Financial Group increased their price target on shares of Accenture from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. Finally, Citigroup raised Accenture to a “hold” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $295.84.

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.