Simplicity Wealth LLC Sells 10,464 Shares of Accenture PLC $ACN

Simplicity Wealth LLC trimmed its holdings in Accenture PLC (NYSE:ACN) by 60.1% in the third quarter, Holdings Channel reports. The institutional investor owned 6,945 shares of the information technology services provider’s stock after selling 10,464 shares during the quarter. Simplicity Wealth LLC’s holdings in Accenture were worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Accenture

In related news, insider Manish Sharma sold 2,731 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total value of $786,883.03. Following the sale, the insider directly owned 7,057 shares in the company, valued at approximately $2,033,333.41. The trade was a 27.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 1,332 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total value of $366,300.00. Following the transaction, the general counsel directly owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. The trade was a 4.51% 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 21,674 shares of company stock valued at $5,661,414. 0.02% of the stock is currently owned by insiders.

Accenture Trading Up 1.7%

Shares of NYSE:ACN opened at $285.40 on Friday. The stock has a 50 day moving average of $267.07 and a 200 day moving average of $258.81. 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 company has a market cap of $175.70 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35.

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, beating the consensus estimate of $3.73 by $0.21. The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate 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 last year, the firm earned $3.59 EPS. 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 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th will be given a dividend of $1.63 per share. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 2.3%. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Analyst Ratings Changes

ACN has been the topic of a number of analyst reports. Truist Financial assumed coverage on shares of Accenture in a research report on Tuesday, January 6th. They issued a “buy” rating and a $317.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Susquehanna boosted their price target on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Royal Bank Of Canada set a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $297.81.

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.