SVB Wealth LLC Trims Stake in Accenture PLC $ACN

SVB Wealth LLC lessened its holdings in shares of Accenture PLC (NYSE:ACNFree Report) by 27.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,852 shares of the information technology services provider’s stock after selling 7,903 shares during the period. SVB Wealth LLC’s holdings in Accenture were worth $4,135,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Triumph Capital Management purchased a new stake in shares of Accenture during the third quarter valued at $26,000. Board of the Pension Protection Fund bought a new stake in Accenture during the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC purchased a new stake in Accenture in the 4th quarter valued at about $27,000. McMillan Office Inc. bought a new position in Accenture in the 4th quarter worth about $27,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in shares of Accenture during the fourth quarter worth approximately $27,000. Institutional investors own 75.14% of the company’s stock.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

Accenture Stock Performance

Shares of ACN stock opened at $124.43 on Tuesday. The firm has a market cap of $82.80 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.21 and a beta of 1.09. Accenture PLC has a 52-week low of $118.15 and a 52-week high of $307.77. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $175.52 and its 200 day moving average is $217.11.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.10. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The company had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.78 billion. During the same quarter in the prior year, the business earned $3.49 earnings per share. Accenture’s revenue was up 5.6% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, sell-side analysts anticipate that Accenture PLC will post 13.85 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a yield of 5.2%. Accenture’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the transaction, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on ACN shares. HSBC lowered their price target on Accenture from $220.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Evercore set a $180.00 target price on Accenture in a research report on Thursday. The Goldman Sachs Group lowered their target price on Accenture from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, June 18th. Wells Fargo & Company reissued an “overweight” rating and set a $200.00 price target on shares of Accenture in a research report on Monday. Finally, Susquehanna decreased their price objective on Accenture from $186.00 to $140.00 and set a “neutral” rating for the company in a report on Monday. Thirteen research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Accenture currently has a consensus rating of “Hold” and a consensus target price of $199.77.

Check Out Our Latest Stock Report on Accenture

Accenture Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACNFree Report).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.