CreativeOne Wealth LLC Lowers Stock Position in Accenture PLC $ACN

CreativeOne Wealth LLC trimmed its holdings in shares of Accenture PLC (NYSE:ACN) by 24.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,150 shares of the information technology services provider’s stock after selling 3,322 shares during the period. CreativeOne Wealth LLC’s holdings in Accenture were worth $2,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Investors Research Corp boosted its position in shares of Accenture by 73.8% during the 3rd 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 in the last quarter. Harbor Capital Advisors Inc. grew its position in Accenture by 132.6% during the third 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 period. Davis Capital Management acquired a new stake in shares of Accenture during the 3rd quarter valued at approximately $28,000. Elevation Wealth Partners LLC grew its holdings in shares of Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 73 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new position in Accenture during the third quarter worth $32,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. HSBC lifted their price target on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Argus lowered their price target on shares of Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. Berenberg Bank initiated coverage on Accenture in a research note on Thursday, January 22nd. They issued a “buy” rating and a $313.00 target price on the stock. Guggenheim boosted their price target on Accenture from $285.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $291.69.

Accenture Price Performance

ACN stock opened at $209.18 on Tuesday. The stock has a market capitalization of $128.77 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 2.07 and a beta of 1.28. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52-week low of $188.73 and a 52-week high of $339.90. The stock’s fifty day simple moving average is $247.40 and its 200-day simple moving average is $250.32.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping 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 return on equity of 26.65% and a net margin of 10.76%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 3.1%. Accenture’s dividend payout ratio is 53.88%.

Insider Activity at Accenture

In other news, General Counsel Joel Unruch sold 1,332 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the completion of the sale, the general counsel directly owned 28,207 shares in the company, valued at $7,756,925. This represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John F. Walsh sold 3,986 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total value of $1,101,650.68. Following the completion of the transaction, the chief executive officer directly owned 27,221 shares in the company, valued at $7,523,339.98. This trade represents a 12.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,088 shares of company stock valued at $5,970,434 over the last 90 days. 0.02% of the stock is currently owned by insiders.

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.