Bessemer Group Inc. Cuts Stake in Accenture PLC $ACN

Bessemer Group Inc. decreased its holdings in Accenture PLC (NYSE:ACN) by 45.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,960 shares of the information technology services provider’s stock after selling 15,713 shares during the period. Bessemer Group Inc.’s holdings in Accenture were worth $4,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares during the period. Sivia Capital Partners LLC grew its holdings in Accenture by 46.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after acquiring an additional 660 shares in the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of Accenture by 43.8% in the 2nd quarter. Clear Creek Financial Management LLC now owns 1,334 shares of the information technology services provider’s stock valued at $399,000 after purchasing an additional 406 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Accenture by 3.8% during the 2nd quarter. IFP Advisors Inc now owns 11,615 shares of the information technology services provider’s stock worth $3,474,000 after purchasing an additional 429 shares during the last quarter. Finally, JB Capital LLC acquired a new position in shares of Accenture during the second quarter worth $228,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In other news, CEO John F. Walsh sold 3,986 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the completion of the sale, the chief executive officer owned 27,221 shares in the company, valued at $7,523,339.98. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Julie Spellman Sweet sold 1,694 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $288.30, for a total transaction of $488,380.20. Following the completion of the transaction, the chief executive officer directly owned 37,346 shares in the company, valued at $10,766,851.80. This represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 16,031 shares of company stock valued at $4,509,304. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the subject of a number of recent analyst reports. Truist Financial initiated coverage on Accenture in a report on Tuesday, January 6th. They set a “buy” rating and a $317.00 price target for the company. Rothschild & Co Redburn upped their price target on Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Argus cut their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, December 29th. HSBC upped their target price on shares of Accenture from $215.00 to $235.00 in a report on Friday, December 19th. Finally, Royal Bank Of Canada set a $300.00 price target on shares of Accenture in a research note on Thursday, December 18th. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus price target of $298.38.

Accenture Stock Up 3.2%

ACN stock opened at $240.95 on Friday. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $392.02. 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 $148.33 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24. The company has a fifty day moving average price of $270.21 and a 200 day moving average price of $256.54.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $18.51 billion. During the same period in the previous year, the business posted $3.59 earnings per share. Accenture’s quarterly revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is 53.88%.

Accenture Company 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.