Accenture PLC $ACN Shares Sold by Marietta Wealth Management LLC

Marietta Wealth Management LLC lessened its position in shares of Accenture PLC (NYSE:ACN) by 92.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,871 shares of the information technology services provider’s stock after selling 22,277 shares during the period. Marietta Wealth Management LLC’s holdings in Accenture were worth $461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sanders Capital LLC purchased a new position in Accenture in the second quarter valued at $2,637,640,000. Norges Bank acquired a new position in shares of Accenture during the 2nd quarter worth about $2,216,850,000. Vanguard Group Inc. increased its holdings in shares of Accenture by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock valued at $19,466,641,000 after acquiring an additional 1,315,548 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Accenture during the 2nd quarter worth about $308,000. Finally, Flossbach Von Storch SE lifted its stake in Accenture by 48.0% during the second 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 last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on ACN shares. Wolfe Research raised their price objective on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. Rothschild Redb downgraded shares of Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Robert W. Baird dropped their price objective on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Finally, HSBC boosted their target price on Accenture from $215.00 to $235.00 in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $296.83.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 5,917 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the sale, the chief executive officer owned 8,599 shares in the company, valued at $2,120,685.38. The trade was a 40.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is owned by corporate insiders.

Accenture Price Performance

Shares of NYSE:ACN opened at $269.94 on Wednesday. The company has a 50-day simple moving average of $256.83 and a 200-day simple moving average of $261.05. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $166.18 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.62 and a beta of 1.26.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping 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 company had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.51 billion. During the same quarter in the prior year, the firm earned $3.59 EPS. Accenture’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be given a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 2.4%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

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.