Accenture PLC $ACN Shares Sold by Keybank National Association OH

by · The Cerbat Gem

Keybank National Association OH trimmed its holdings in Accenture PLC (NYSE:ACNFree Report) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,941 shares of the information technology services provider’s stock after selling 11,647 shares during the quarter. Keybank National Association OH’s holdings in Accenture were worth $68,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Global Retirement Partners LLC bought a new stake in Accenture during the 2nd quarter worth about $2,658,000. C WorldWide Group Holding A S increased its position in shares of 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 acquiring an additional 2,151 shares during the last quarter. Norges Bank acquired a new position in Accenture during the second quarter valued at approximately $2,216,850,000. D.A. Davidson & CO. grew its stake in 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 valued at $63,771,000 after purchasing an additional 38,325 shares in the last quarter. Finally, Prudential PLC increased its position in shares of Accenture by 20.4% during the 2nd quarter. Prudential PLC now owns 56,130 shares of the information technology services provider’s stock worth $16,777,000 after purchasing an additional 9,510 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of NYSE:ACN opened at $263.58 on Friday. The firm has a 50 day moving average of $270.51 and a 200-day moving average of $258.00. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. 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 has a market capitalization of $162.26 billion, a PE ratio of 21.78, a PEG ratio of 2.52 and a beta of 1.25.

Accenture (NYSE:ACNGet Free Report) last announced its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping the consensus estimate of $3.73 by $0.21. The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous 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 predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

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

Insider Buying and Selling

In other news, insider Manish Sharma sold 2,731 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total transaction of $786,883.03. Following the sale, the insider directly owned 7,057 shares in the company, valued at $2,033,333.41. This represents a 27.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Joel Unruch sold 1,332 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the sale, the general counsel directly owned 28,207 shares in the company, valued at $7,756,925. This trade represents a 4.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,934 shares of company stock worth $5,965,166 in the last 90 days. 0.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ACN has been the topic of several analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $300.00 price target on shares of Accenture in a research report on Thursday, December 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $300.00 target price on shares of Accenture in a research note on Thursday, December 18th. Wells Fargo & Company boosted their price target on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Wolfe Research raised their price objective on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Finally, TD Cowen lifted their target price on Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Accenture presently has an average rating of “Moderate Buy” and a consensus price target of $298.38.

Check Out Our Latest Research Report on ACN

About Accenture

(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

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