US Bancorp DE Sells 34,770 Shares of Accenture PLC $ACN

US Bancorp DE trimmed its holdings in Accenture PLC (NYSE:ACNFree Report) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,062,134 shares of the information technology services provider’s stock after selling 34,770 shares during the period. US Bancorp DE owned about 0.16% of Accenture worth $261,924,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empirical Asset Management LLC boosted its position in shares of Accenture by 109.8% during the third quarter. Empirical Asset Management LLC now owns 2,331 shares of the information technology services provider’s stock worth $575,000 after acquiring an additional 1,220 shares during the last quarter. Cary Street Partners Financial LLC increased its stake in Accenture by 23.5% in the 3rd quarter. Cary Street Partners Financial LLC now owns 25,477 shares of the information technology services provider’s stock worth $6,283,000 after acquiring an additional 4,853 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Accenture by 12.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,306 shares of the information technology services provider’s stock worth $815,000 after acquiring an additional 362 shares in the last quarter. Waddell & Associates LLC boosted its position in shares of Accenture by 33.7% during the 3rd quarter. Waddell & Associates LLC now owns 1,885 shares of the information technology services provider’s stock valued at $465,000 after acquiring an additional 475 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Accenture by 9.5% in the third quarter. TD Asset Management Inc now owns 690,203 shares of the information technology services provider’s stock valued at $170,204,000 after purchasing an additional 60,037 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other Accenture news, General Counsel Joel Unruch sold 1,026 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $281.70, for a total transaction of $289,024.20. Following the transaction, the general counsel owned 27,181 shares of the company’s stock, valued at approximately $7,656,887.70. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John F. Walsh sold 3,986 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the completion of the sale, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at $7,523,339.98. The trade was a 12.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,088 shares of company stock valued at $5,970,434 over the last three months. 0.02% of the stock is currently owned by corporate insiders.

Key Accenture News

Here are the key news stories impacting Accenture this week:

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 price objective on shares of Accenture in a research report on Thursday, December 18th. Evercore reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. HSBC boosted their price objective on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Wells Fargo & Company lifted their target price on Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Finally, Jefferies Financial Group raised their price target on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $296.42.

Check Out Our Latest Analysis on Accenture

Accenture Price Performance

ACN opened at $191.62 on Thursday. The business has a fifty day moving average of $257.04 and a 200 day moving average of $252.37. The stock has a market cap of $117.96 billion, a P/E ratio of 15.84, a PEG ratio of 1.89 and a beta of 1.24. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52-week low of $188.73 and a 52-week high of $363.01.

Accenture (NYSE:ACNGet Free Report) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 53.88%.

Accenture Company Profile

(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

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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