Accenture PLC $ACN Shares Sold by Mirova US LLC

Mirova US LLC reduced its position in Accenture PLC (NYSE:ACN) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 740,370 shares of the information technology services provider’s stock after selling 30,865 shares during the quarter. Accenture makes up about 1.8% of Mirova US LLC’s holdings, making the stock its 23rd largest holding. Mirova US LLC’s holdings in Accenture were worth $182,575,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sanders Capital LLC acquired a new stake in Accenture in the second quarter valued at about $2,637,640,000. Norges Bank acquired a new stake in shares of Accenture in the 2nd quarter valued at approximately $2,216,850,000. Vanguard Group Inc. grew its holdings in Accenture by 2.1% during the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after acquiring an additional 1,315,548 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new stake in Accenture in the second quarter valued at $308,000. Finally, Flossbach Von Storch SE grew its stake in shares of Accenture by 48.0% during the 2nd quarter. Flossbach Von Storch SE now owns 2,408,800 shares of the information technology services provider’s stock worth $719,966,000 after purchasing an additional 781,211 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ACN. JPMorgan Chase & Co. decreased their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price target on shares of Accenture in a report on Thursday, December 18th. Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Susquehanna raised their price target on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Finally, Wall Street Zen lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $296.83.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the sale, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This trade represents a 64.27% 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 33,319 shares of company stock valued at $8,335,225 in the last quarter. 0.02% of the stock is currently owned by company insiders.

Accenture Trading Up 0.1%

Shares of ACN stock opened at $271.35 on Tuesday. The company has a market capitalization of $167.04 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.61 and a beta of 1.26. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $256.45 and a 200 day moving average price of $261.34. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35.

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

Accenture Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.4%. Accenture’s payout ratio is 53.88%.

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.