Penobscot Investment Management Company Inc. Sells 2,443 Shares of Accenture PLC $ACN

Penobscot Investment Management Company Inc. lowered its stake in Accenture PLC (NYSE:ACN) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,491 shares of the information technology services provider’s stock after selling 2,443 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Accenture were worth $6,039,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Norway Savings Bank increased its position in shares of Accenture by 0.9% during the 2nd quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock valued at $1,232,000 after purchasing an additional 36 shares during the last quarter. Firethorn Wealth Partners LLC boosted its stake in Accenture by 4.4% during the second quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after buying an additional 36 shares during the period. Wealthcare Advisory Partners LLC increased its position in Accenture by 0.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after acquiring an additional 38 shares during the last quarter. Piscataqua Savings Bank raised its stake in shares of Accenture by 5.3% in the second quarter. Piscataqua Savings Bank now owns 796 shares of the information technology services provider’s stock valued at $238,000 after acquiring an additional 40 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Accenture by 3.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock worth $363,000 after acquiring an additional 41 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the sale, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the transaction, the insider owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,319 shares of company stock valued at $8,335,225 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

ACN has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Citigroup upgraded Accenture to a “hold” rating in a report on Thursday, October 23rd. Jefferies Financial Group boosted their price objective on Accenture from $250.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 10th. BNP Paribas Exane decreased their target price on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Finally, Argus lowered their target price on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.83.

Accenture Stock Performance

Shares of Accenture stock opened at $259.78 on Friday. 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 stock’s fifty day moving average price is $257.83 and its 200-day moving average price is $260.41. The firm has a market cap of $159.92 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.51 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 issued its earnings results 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. The company had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

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.