UNIVEST FINANCIAL Corp Sells 24,437 Shares of Accenture PLC $ACN

UNIVEST FINANCIAL Corp decreased its position in shares of Accenture PLC (NYSE:ACN) by 81.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,479 shares of the information technology services provider’s stock after selling 24,437 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Accenture were worth $1,005,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ACN. Euro Pacific Asset Management LLC raised its position in shares of Accenture by 11.2% in the third quarter. Euro Pacific Asset Management LLC now owns 117,589 shares of the information technology services provider’s stock worth $21,562,000 after acquiring an additional 11,873 shares during the period. Regent Peak Wealth Advisors LLC grew its position in shares of Accenture by 10.4% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 74,187 shares of the information technology services provider’s stock valued at $9,232,000 after acquiring an additional 7,018 shares during the period. Carnegie Investment Counsel increased its stake in shares of Accenture by 63.5% in the 3rd quarter. Carnegie Investment Counsel now owns 26,565 shares of the information technology services provider’s stock valued at $4,871,000 after purchasing an additional 10,322 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Accenture by 72.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,455 shares of the information technology services provider’s stock valued at $2,421,000 after purchasing an additional 8,169 shares in the last quarter. Finally, Dearborn Partners LLC purchased a new position in shares of Accenture in the 2nd quarter valued at about $25,108,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Performance

ACN opened at $250.20 on Friday. Accenture PLC has a twelve month low of $118.15 and a twelve month high of $291.09. The firm has a market capitalization of $147.88 billion, a PE ratio of 18.45, a PEG ratio of 1.95 and a beta of 1.01. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $215.58 and its 200 day moving average price is $191.35.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The company had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. Accenture’s quarterly revenue was up 6.2% on a year-over-year basis. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, sell-side analysts expect that Accenture PLC will post 14.68 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be issued a $1.71 dividend. This is a boost from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, October 13th. Accenture’s payout ratio is 50.44%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ACN shares. Argus upped their price target on Accenture from $220.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Weiss Ratings raised Accenture from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. UBS Group set a $278.00 price objective on Accenture in a research report on Thursday, October 15th. Guggenheim reaffirmed a “neutral” rating on shares of Accenture in a research note on Friday, October 2nd. Finally, TD Cowen upped their target price on Accenture from $193.00 to $201.00 and gave the stock a “hold” rating in a research note on Thursday, October 15th. Ten investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $221.07.

Insider Transactions at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 811 shares of the company’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $250.00, for a total value of $202,750.00. Following the completion of the sale, the chief accounting officer directly owned 9,820 shares in the company, valued at $2,455,000. This represents a 7.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Atsushi Egawa sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $270.00, for a total value of $2,700,000.00. Following the completion of the sale, the chief executive officer directly owned 5,996 shares of the company’s stock, valued at $1,618,920. This trade represents a 62.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 18,675 shares of company stock valued at $4,747,563. 0.02% of the stock is currently owned by company insiders.

Accenture Company Profile

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions. The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.