State of Alaska Department of Revenue Sells 3,791 Shares of Accenture PLC $ACN

by · The Cerbat Gem

State of Alaska Department of Revenue trimmed its position in Accenture PLC (NYSE:ACN – Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,471 shares of the information technology services provider’s stock after selling 3,791 shares during the period. State of Alaska Department of Revenue’s holdings in Accenture were worth $19,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Global Retirement Partners LLC acquired a new position in shares of Accenture during the 2nd quarter worth approximately $2,658,000. C WorldWide Group Holding A S lifted its holdings in Accenture by 35.9% in the 2nd 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 in the last quarter. Truist Financial Corp boosted its stake in shares of Accenture by 7.0% during the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after purchasing an additional 28,685 shares during the last quarter. Norges Bank purchased a new stake in shares of Accenture during the second quarter worth about $2,216,850,000. Finally, Prudential PLC raised its holdings in Accenture by 20.4% in the 2nd quarter. Prudential PLC now owns 56,130 shares of the information technology services provider’s stock valued at $16,777,000 after acquiring an additional 9,510 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Performance

Shares of ACN stock opened at $281.52 on Friday. Accenture PLC has a 1-year low of $229.40 and a 1-year 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 company has a market capitalization of $173.30 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 2.64 and a beta of 1.25. The stock’s fifty day simple moving average is $259.69 and its 200-day simple moving average is $259.97.

Accenture (NYSE:ACN – Get Free Report) last released its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same quarter in the prior year, the company posted $3.59 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders 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 dividend on an annualized basis and a yield of 2.3%. Accenture’s payout ratio is currently 53.88%.

Insider Buying and Selling

In other news, General Counsel Joel Unruch sold 1,332 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total transaction of $366,300.00. Following the completion of the transaction, the general counsel directly owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the sale, the chief executive officer owned 23,516 shares in the company, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 35,151 shares of company stock worth $8,841,525. Insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ACN. Robert W. Baird lowered their price target on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Mizuho lowered their target price on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Cowen reaffirmed a “buy” rating on shares of Accenture in a report on Friday, September 26th. BNP Paribas Exane reduced their target price on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Finally, Truist Financial started coverage on shares of Accenture in a report on Tuesday. They issued a “buy” rating and a $317.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $295.84.

Get Our Latest 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.

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