Manish Sharma Sells 2,731 Shares of Accenture (NYSE:ACN) Stock

Key Points

• Manish Sharma sold 2,731 shares of Accenture on Jan. 14 at an average price of $288.13 for about $786,883, cutting his holding by 27.9% to 7,057 shares.
• Accenture recently topped quarterly estimates with $3.94 EPS (vs. $3.73 expected) and $18.74 billion in revenue, and set FY2026 guidance of $13.520–$13.900 EPS.
• The company declared a quarterly dividend of $1.63 (annualized $6.52, yield 2.3%) and the stock trades with a market cap of about $177.6 billion and a P/E of 23.84.

Accenture PLC (NYSE:ACN - Get Free Report) insider Manish Sharma sold 2,731 shares of the company's stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total value of $786,883.03. Following the completion of the sale, the insider owned 7,057 shares of the company's stock, valued at $2,033,333.41. This represents a 27.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Manish Sharma also recently made the following trade(s):

• On Wednesday, October 22nd, Manish Sharma sold 6,902 shares of Accenture stock. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02.

Accenture Trading Down 0.0%

Accenture stock traded down $0.12 during midday trading on Thursday, hitting $288.42. 5,742,864 shares of the stock were exchanged, compared to its average volume of 4,510,056. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $177.55 billion, a PE ratio of 23.84, a P/E/G ratio of 2.67 and a beta of 1.25. The company has a fifty day simple moving average of $262.44 and a two-hundred day simple moving average of $259.31.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping analysts' consensus estimates of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to analysts' expectations of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities research analysts anticipate 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. Shareholders of record on Tuesday, January 13th will be paid a $1.63 dividend. The ex-dividend date of this dividend 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 presently 53.88%.

Institutional Trading of Accenture

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACN. PFG Private Wealth Management LLC bought a new position in shares of Accenture in the 4th quarter valued at about $402,000. Frank Rimerman Advisors LLC lifted its stake in Accenture by 8.1% in the 4th quarter. Frank Rimerman Advisors LLC now owns 8,795 shares of the information technology services provider's stock valued at $2,360,000 after purchasing an additional 658 shares during the last quarter. Nilsine Partners LLC grew its holdings in Accenture by 5.2% during the fourth quarter. Nilsine Partners LLC now owns 3,195 shares of the information technology services provider's stock worth $857,000 after purchasing an additional 158 shares during the period. LeConte Wealth Management LLC increased its position in Accenture by 41.8% during the fourth quarter. LeConte Wealth Management LLC now owns 2,278 shares of the information technology services provider's stock worth $611,000 after buying an additional 672 shares during the last quarter. Finally, Bright Rock Capital Management LLC raised its stake in Accenture by 25.0% in the fourth quarter. Bright Rock Capital Management LLC now owns 35,000 shares of the information technology services provider's stock valued at $9,390,000 after buying an additional 7,000 shares during the period. 75.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

ACN has been the subject of a number of research analyst reports. BNP Paribas Exane reduced their target price on shares of Accenture from $300.00 to $255.00 and set a "neutral" rating for the company in a research note on Wednesday, September 24th. BMO Capital Markets reiterated a "market perform" rating and set a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. Wells Fargo & Company boosted their target price on Accenture from $251.00 to $275.00 and gave the company an "equal weight" rating in a research note on Wednesday. Wall Street Zen downgraded Accenture from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Finally, Mizuho lowered their price objective on shares of Accenture from $348.00 to $309.00 and set an "outperform" rating on the stock in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $297.20.

Accenture Company Profile

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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