Asset One Wealth Management LLC Sells 12,574 Shares of Accenture PLC $ACN

Key Points

• Asset One Wealth Management cut its Accenture stake by 91% in the third quarter, selling 12,574 shares and retaining 1,237 shares valued at about $227,000.
• Accenture beat quarterly earnings and revenue estimates, reporting EPS of $3.29 and revenue of $18.68 billion; revenue rose 6.2% year over year. The company also increased its quarterly dividend from $1.63 to $1.71 per share.
• Analysts have a consensus Hold rating and an average price target of $221.07, below the article’s cited opening share price of $260.36.

Asset One Wealth Management LLC reduced its stake in Accenture PLC (NYSE:ACN - Free Report) by 91.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,237 shares of the information technology services provider's stock after selling 12,574 shares during the quarter. Asset One Wealth Management LLC's holdings in Accenture were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dogwood Wealth Management LLC grew its position in shares of Accenture by 147.1% in the second quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 128 shares in the last quarter. IMG Wealth Management Inc. lifted its position in Accenture by 134.8% during the first quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 89 shares during the last quarter. Foresight Capital Management Advisors Inc. purchased a new position in Accenture in the third quarter worth $31,000. Signature Equity Partners LLC increased its position in shares of Accenture by 50.9% during the 3rd quarter. Signature Equity Partners LLC now owns 172 shares of the information technology services provider's stock valued at $32,000 after purchasing an additional 58 shares during the last quarter. Finally, Arlington Trust Co LLC raised its stake in shares of Accenture by 110.4% during the second quarter. Arlington Trust Co LLC now owns 284 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

Shares of Accenture stock opened at $260.36 on Monday. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $291.09. The stock's fifty day moving average is $210.35 and its two-hundred day moving average is $191.91. The company has a market capitalization of $153.89 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping analysts' consensus estimates of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The company had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the previous year, the firm posted $3.03 earnings per share. Accenture's revenue for the quarter was up 6.2% compared to the same quarter last year. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, analysts expect that Accenture PLC will post 14.68 earnings per share for the current year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be given a dividend of $1.71 per share. This is an increase from Accenture's previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, October 13th. Accenture's dividend payout ratio (DPR) is 50.44%.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of recent analyst reports. Susquehanna raised their price target on shares of Accenture from $210.00 to $230.00 and gave the stock a "neutral" rating in a report on Thursday, October 15th. UBS Group set a $278.00 price objective on Accenture in a research note on Thursday, October 15th. Morgan Stanley boosted their price objective on shares of Accenture from $175.00 to $195.00 and gave the stock an "equal weight" rating in a report on Friday, October 2nd. Stifel Nicolaus set a $242.00 price target on shares of Accenture in a research note on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Accenture from $136.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, September 18th. Ten equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $221.07.

Key Headlines Impacting Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture and Mondelēz International are applying agentic AI to redesign Mondelēz’s global order-to-cash operations, including ordering, invoicing and collections. The project showcases demand for Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
• Positive Sentiment: A valuation analysis says ACN trades at about 18 times forward earnings, below its 10-year average of 24 times, even after a strong recent rally. That could appeal to investors who see room for the valuation to recover. Accenture’s valuation analysis
• Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his direct holdings by about 62.5%. The sale was made under a pre-arranged Rule 10b5-1 plan, so it is not necessarily a signal about his outlook for the company. Accenture CEO share sale
• Negative Sentiment: Accenture fell even as the market rose, indicating relative weakness in the session. The report describes the decline but does not point to a specific company catalyst. Accenture stock underperforms as the market gains

Insider Activity

In other Accenture news, Director Paula Price bought 800 shares of Accenture stock in a transaction dated Monday, October 26th. The stock was acquired at an average cost of $249.81 per share, with a total value of $199,848.00. Following the purchase, the director directly owned 9,361 shares in the company, valued at $2,338,471.41. This represents a 9.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Melissa Burgum sold 811 shares of the firm's stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $250.00, for a total transaction of $202,750.00. Following the completion of the transaction, the chief accounting officer directly owned 9,820 shares in the company, valued at $2,455,000. This represents a 7.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,675 shares of company stock valued at $4,747,563 in the last three months. Corporate insiders own 0.02% of the company's stock.

Accenture Profile

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions.

The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.

Accenture traces its roots to the consulting business of accounting firm Arthur Andersen.

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