6,282 Accenture PLC $ACN Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its holdings in Accenture PLC (NYSE:ACN) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,767 shares of the information technology services provider’s stock after selling 6,282 shares during the period. Oppenheimer & Co. Inc.’s holdings in Accenture were worth $19,578,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its position in shares of Accenture by 30.3% during the third quarter. Park Avenue Securities LLC now owns 22,470 shares of the information technology services provider’s stock valued at $4,120,000 after buying an additional 5,221 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in Accenture by 9.8% during the third quarter. Flagship Harbor Advisors LLC now owns 9,529 shares of the information technology services provider’s stock worth $1,747,000 after buying an additional 854 shares in the last quarter. Leo Wealth LLC bought a new stake in Accenture during the third quarter worth $674,000. Slow Capital Inc. purchased a new stake in Accenture in the 3rd quarter valued at $1,639,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Accenture in the 3rd quarter valued at $232,000. Institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, COO Catherine Hogan sold 1,320 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $200.00, for a total value of $264,000.00. Following the transaction, the chief operating officer owned 12,556 shares in the company, valued at approximately $2,511,200. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Joel Unruch sold 10,498 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $162.98, for a total value of $1,710,964.04. Following the transaction, the general counsel directly owned 17,735 shares of the company’s stock, valued at approximately $2,890,450.30. This trade represents a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 19,173 shares of company stock valued at $3,758,527 over the last quarter. 0.02% of the stock is currently owned by insiders.

Accenture Stock Down 0.8%

ACN stock opened at $247.26 on Tuesday. Accenture PLC has a 1-year low of $118.15 and a 1-year high of $291.09. The stock has a market cap of $146.14 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.92 and a beta of 1.11. The stock’s fifty day simple moving average is $195.83 and its two-hundred day simple moving average is $193.24. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31.

Accenture (NYSE:ACN) last released its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.11. The company had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $18.03 billion. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.03 EPS. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Analysts expect that Accenture PLC will post 14.68 EPS for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be paid a $1.71 dividend. The ex-dividend date is Tuesday, October 13th. This is a positive change from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 2.8%. Accenture’s dividend payout ratio is presently 50.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ACN shares. Weiss Ratings upgraded Accenture from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 21st. Stifel Nicolaus set a $242.00 target price on shares of Accenture in a research note on Thursday, October 15th. Truist Financial upped their target price on shares of Accenture from $150.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, October 2nd. Guggenheim reiterated a “neutral” rating on shares of Accenture in a report on Friday, October 2nd. Finally, Citigroup raised their price target on shares of Accenture from $135.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Ten investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Hold” and a consensus price target of $221.07.

Accenture Profile

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.