Accenture PLC $ACN Shares Sold by Strs Ohio

Strs Ohio reduced its position in shares of Accenture PLC (NYSE:ACN) by 27.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,770 shares of the information technology services provider’s stock after selling 70,232 shares during the period. Strs Ohio’s holdings in Accenture were worth $45,811,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Investors Research Corp boosted its stake 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 valued at $26,000 after buying an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Davis Capital Management acquired a new stake in Accenture in the third quarter valued at $28,000. Elevation Wealth Partners LLC boosted its position in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 73 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Accenture during the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Shares of NYSE:ACN opened at $281.00 on Friday. 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 business’s fifty day moving average price is $267.78 and its two-hundred day moving average price is $258.67. The stock has a market cap of $172.99 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 2.75 and a beta of 1.25. Accenture PLC has a one year low of $229.40 and a one year high of $398.35.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.21. The business had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The company 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 $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

Insider Activity

In related news, insider Manish Sharma sold 2,731 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the sale, the insider owned 7,057 shares in the company, valued at approximately $2,033,333.41. This trade represents a 27.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $280.00, for a total value of $140,000.00. Following the completion of the transaction, the chief executive officer owned 7,123 shares of the company’s stock, valued at $1,994,440. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 21,674 shares of company stock worth $5,661,414. 0.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on ACN. Wall Street Zen cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Susquehanna lifted their price target on shares of Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Jefferies Financial Group upped their price target on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a report on Thursday, January 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Finally, UBS Group downgraded Accenture from a “buy” rating to a “hold” rating in a research report on Thursday. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Accenture presently has a consensus 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.