Huntington National Bank Sells 66,157 Shares of Accenture PLC $ACN

Huntington National Bank decreased its holdings in shares of Accenture PLC (NYSE:ACN) by 30.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,102 shares of the information technology services provider’s stock after selling 66,157 shares during the period. Huntington National Bank’s holdings in Accenture were worth $37,508,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Investors Research Corp boosted its position in shares of Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Davis Capital Management bought a new stake in Accenture during the third quarter valued at approximately $28,000. Elevation Wealth Partners LLC grew its stake in Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after buying an additional 73 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Accenture during the 3rd quarter valued at $32,000. 75.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ACN. Guggenheim increased their target price on Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, December 15th. TD Cowen raised their price objective on Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 19th. UBS Group lowered Accenture from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. BMO Capital Markets reissued a “market perform” rating and set a $300.00 price target on shares of Accenture in a research note on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $296.42.

Accenture Trading Up 0.5%

NYSE:ACN opened at $208.35 on Friday. The firm has a market capitalization of $128.26 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.00 and a beta of 1.24. Accenture PLC has a 52 week low of $188.73 and a 52 week high of $359.14. 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 company has a fifty day moving average of $254.50 and a 200 day moving average of $251.85.

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

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $6.52 annualized dividend and a dividend yield of 3.1%. Accenture’s payout ratio is 53.88%.

Insider Buying and Selling

In other news, CAO Melissa A. Burgum sold 3,588 shares of Accenture stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the sale, the chief accounting officer owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. The trade was a 30.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 1,026 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $281.70, for a total transaction of $289,024.20. Following the completion of the transaction, the general counsel directly owned 27,181 shares of the company’s stock, valued at approximately $7,656,887.70. The trade was a 3.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,088 shares of company stock valued at $5,970,434 over the last three months. Insiders own 0.02% of the company’s stock.

Accenture 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.