Journey Advisory Group LLC Reduces Stock Position in Accenture PLC $ACN

Journey Advisory Group LLC cut its stake in Accenture PLC (NYSE:ACN) by 40.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,944 shares of the information technology services provider’s stock after selling 9,531 shares during the quarter. Journey Advisory Group LLC’s holdings in Accenture were worth $3,439,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ACN. Running Oak Capital LLC lifted its stake in shares of Accenture by 14.3% in the 3rd quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock valued at $14,190,000 after acquiring an additional 7,190 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Accenture in the 2nd quarter worth approximately $2,658,000. C WorldWide Group Holding A S lifted its position in Accenture by 35.9% in the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock valued at $2,435,000 after purchasing an additional 2,151 shares during the last quarter. Norges Bank purchased a new stake in shares of Accenture during the second quarter valued at approximately $2,216,850,000. Finally, D.A. Davidson & CO. increased its stake in shares of Accenture by 17.4% in the third quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock worth $63,771,000 after buying an additional 38,325 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 0.2%

Shares of NYSE:ACN opened at $215.45 on Friday. Accenture PLC has a 52-week low of $211.06 and a 52-week high of $382.77. The firm has a market capitalization of $132.63 billion, a P/E ratio of 17.81, a P/E/G ratio of 2.07 and a beta of 1.24. The stock has a 50 day moving average price of $261.67 and a 200-day moving average price of $253.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities research analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm 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. This represents a $6.52 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is 53.88%.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of recent analyst reports. HSBC raised their price target on shares of Accenture from $215.00 to $235.00 in a report on Friday, December 19th. BMO Capital Markets reissued a “market perform” rating and issued a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. TD Cowen boosted their price target on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 19th. Evercore reiterated an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Finally, Wolfe Research upped their target price on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Sixteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $298.38.

Insider Buying and Selling at Accenture

In other Accenture news, General Counsel Joel Unruch sold 1,026 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $281.70, for a total transaction of $289,024.20. Following the completion of the transaction, the general counsel owned 27,181 shares of the company’s stock, valued at approximately $7,656,887.70. This trade represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the transaction, the chief executive officer owned 15,255 shares of the company’s stock, valued at $3,679,963.65. The trade was a 28.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,088 shares of company stock valued at $5,970,434 over the last three months. 0.02% of the stock is currently owned by corporate 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.