Eagle Global Advisors LLC Lowers Position in Accenture PLC $ACN

Key Points

• Eagle Global Advisors LLC has reduced its holdings in Accenture PLC by 4.9%, now owning 31,991 shares valued at approximately $9.56 million.
• Insider trading activity includes CEO Mauro Macchi selling 500 shares, resulting in a 17.97% decrease in his position, while total insider sales reached $834,280 in the past three months.
• Accenture announced a quarterly dividend of $1.63 per share, increasing from $1.48, representing a 2.7% yield based on the current share price.

Eagle Global Advisors LLC lessened its holdings in Accenture PLC (NYSE:ACN - Free Report) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,991 shares of the information technology services provider's stock after selling 1,660 shares during the quarter. Eagle Global Advisors LLC's holdings in Accenture were worth $9,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Park Square Financial Group LLC purchased a new stake in shares of Accenture in the fourth quarter valued at approximately $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture during the 1st quarter worth $31,000. Inlight Wealth Management LLC purchased a new stake in shares of Accenture during the 1st quarter worth $32,000. WPG Advisers LLC purchased a new stake in shares of Accenture during the 1st quarter worth $42,000. Finally, Atwood & Palmer Inc. boosted its holdings in Accenture by 407.4% during the first quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider's stock worth $43,000 after buying an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Insider Buying and Selling

In related news, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares in the company, valued at $644,582.22. This represents a 17.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Angela Beatty sold 203 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company's stock, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock worth $834,280 in the last three months. 0.02% of the stock is owned by insiders.

Accenture Trading Up 3.0%

NYSE ACN opened at $239.43 on Friday. The company's 50 day moving average price is $253.43 and its 200 day moving average price is $286.28. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. The firm has a market capitalization of $149.96 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.99 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter last year, the firm posted $2.66 earnings per share. The business's quarterly revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, sell-side analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is a boost from Accenture's previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture's dividend payout ratio is currently 47.13%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ACN. Guggenheim decreased their price objective on shares of Accenture from $305.00 to $285.00 and set a "buy" rating on the stock in a report on Friday. Cowen reissued a "buy" rating on shares of Accenture in a research note on Friday. BMO Capital Markets decreased their price target on Accenture from $325.00 to $270.00 and set a "market perform" rating on the stock in a research note on Friday. Argus set a $370.00 target price on Accenture in a research report on Tuesday, June 24th. Finally, Susquehanna decreased their target price on Accenture from $330.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Accenture currently has a consensus rating of "Moderate Buy" and a consensus price target of $301.91.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

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