Wilmington Savings Fund Society FSB lessened its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 43.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,359 shares of the information technology services provider’s stock after selling 16,943 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Accenture were worth $5,514,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of ACN. Caerus Investment Advisors LLC acquired a new stake in Accenture during the 3rd quarter worth $640,000. Sunbelt Securities Inc. increased its position in shares of Accenture by 13.9% during the third quarter. Sunbelt Securities Inc. now owns 5,490 shares of the information technology services provider’s stock worth $1,354,000 after purchasing an additional 672 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Accenture by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 90,074 shares of the information technology services provider’s stock valued at $22,212,000 after purchasing an additional 5,509 shares during the last quarter. Aspire Private Capital LLC increased its position in Accenture by 50.0% during the third quarter. Aspire Private Capital LLC now owns 5,697 shares of the information technology services provider’s stock worth $1,405,000 after buying an additional 1,899 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of Accenture in the third quarter valued at approximately $96,864,000. 75.14% of the stock is owned by hedge funds and other institutional investors.
Accenture Price Performance
Shares of ACN opened at $194.77 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $237.56 and its two-hundred day moving average is $247.47. Accenture PLC has a twelve month low of $188.73 and a twelve month high of $326.73. The firm has a market capitalization of $119.90 billion, a PE ratio of 16.10, a P/E/G ratio of 1.88 and a beta of 1.27.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Citigroup reduced their price target on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Berenberg Bank assumed coverage on shares of Accenture in a research note on Thursday, January 22nd. They issued a “buy” rating and a $313.00 price objective on the stock. Guggenheim decreased their target price on shares of Accenture from $305.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Morgan Stanley dropped their price target on Accenture from $320.00 to $240.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Susquehanna increased their price objective on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Eighteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average price target of $286.19.
View Our Latest Stock Report on Accenture
Insider Buying and Selling
In related news, CEO Julie Spellman Sweet sold 6,057 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total value of $1,461,130.11. Following the completion of the sale, the chief executive officer owned 15,255 shares in the company, valued at $3,679,963.65. This trade represents a 28.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Joel Unruch sold 1,026 shares of the company’s 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 transaction, the general counsel owned 27,181 shares in the company, valued at $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 22,088 shares of company stock valued at $5,970,434 in the last quarter. Corporate insiders own 0.02% of the company’s stock.
Trending Headlines about Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Q2 results topped estimates on EPS and revenue and showed healthy margins and ROE — a fundamental beat that supports earnings durability. Accenture Q2 Press Release
- Positive Sentiment: Strategic AI partnerships (Databricks, Microsoft) and product/engineering initiatives reinforce Accenture’s positioning in enterprise AI — a multi‑year growth driver if adoption continues. Accenture, Databricks Enable Enterprise Adoption of AI Apps and Agents
- Positive Sentiment: Partnerships on supply‑chain and retail deployments (e.g., RELEX / Lowe’s) could expand enterprise traction and recurring services revenue. RELEX & Lowe’s partnership
- Neutral Sentiment: Analyst and media previews highlight Accenture’s strong earnings‑surprise history — supportive context but not new catalyst. Will Accenture Beat Estimates Again?
- Neutral Sentiment: Investor presentations/transcripts on AI strategy underline long‑term focus; useful for sentiment but unlikely to move near‑term results by itself. AI Strategy Presentation Transcript
- Neutral Sentiment: Small institutional buying reported (Achmea increased stake) — marginally supportive but not market-moving. Achmea Increases Position
- Negative Sentiment: Management warned quarterly revenue will be below estimates as clients stay cautious on large IT transformation projects — the primary driver of the negative market reaction. Accenture forecasts revenue below estimates (Reuters)
- Negative Sentiment: Analyst price‑target cuts and lowered expectations (TD Cowen, Morgan Stanley) amplify downward pressure by signaling slower near‑term growth or margin risk. TD Cowen Cuts PT Morgan Stanley Lowers Expectations
- Negative Sentiment: Pre‑earnings commentary warned of outsized downside risk to the share price if guidance disappointed, which likely increased volatility around the print. Investopedia pre-earnings note
About Accenture
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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