Accenture PLC $ACN Shares Sold by NovaPoint Capital LLC

NovaPoint Capital LLC reduced its stake in shares of Accenture PLC (NYSE:ACN) by 25.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,823 shares of the information technology services provider’s stock after selling 3,701 shares during the quarter. NovaPoint Capital LLC’s holdings in Accenture were worth $2,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACN. Brighton Jones LLC grew its holdings in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Accenture in the 1st quarter worth about $7,235,000. WPG Advisers LLC acquired a new stake in Accenture in the 1st quarter valued at about $42,000. Evergreen Capital Management LLC raised its position in Accenture by 3.6% during the first quarter. Evergreen Capital Management LLC now owns 7,183 shares of the information technology services provider’s stock worth $2,241,000 after acquiring an additional 251 shares during the last quarter. Finally, Vident Advisory LLC increased its stake in shares of Accenture by 70.3% during the 1st quarter. Vident Advisory LLC now owns 25,144 shares of the information technology services provider’s stock worth $7,847,000 after purchasing an additional 10,381 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

Accenture stock opened at $271.03 on Friday. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The stock’s 50-day moving average is $255.87 and its 200-day moving average is $262.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $166.85 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $3.59 earnings per share. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is currently 53.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ACN shares. Wolfe Research upped their target price on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Evercore ISI restated an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. HSBC lifted their price objective on Accenture from $215.00 to $235.00 in a research report on Friday, December 19th. UBS Group set a $320.00 target price on shares of Accenture in a report on Friday, December 19th. Finally, Cowen reiterated a “buy” rating on shares of Accenture in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.29.

Insider Transactions at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the sale, the chief executive officer owned 1,390 shares of the company’s stock, valued at $346,763.30. This trade represents a 64.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief executive officer directly owned 8,599 shares in the company, valued at approximately $2,120,685.38. The trade was a 40.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 33,319 shares of company stock valued at $8,335,225 over the last quarter. Company insiders own 0.02% of the company’s stock.

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.