First Long Island Investors LLC Sells 6,874 Shares of Accenture PLC $ACN

First Long Island Investors LLC cut its holdings in Accenture PLC (NYSE:ACN) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,767 shares of the information technology services provider’s stock after selling 6,874 shares during the period. First Long Island Investors LLC’s holdings in Accenture were worth $16,465,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ACN. Investors Research Corp grew its position in Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of 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 acquiring an additional 61 shares during the period. Davis Capital Management purchased a new position in Accenture during the 3rd quarter valued at about $28,000. Elevation Wealth Partners LLC lifted its holdings 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 during the period. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Accenture during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

ACN opened at $208.35 on Monday. The company’s 50 day moving average is $254.50 and its 200 day moving average is $251.99. 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 company has a market cap of $128.26 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.01 and a beta of 1.28. Accenture PLC has a 12-month low of $188.73 and a 12-month high of $359.14.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.21. The business 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 company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were given a $1.63 dividend. The ex-dividend date was Tuesday, January 13th. This represents a $6.52 dividend on an annualized basis and a yield of 3.1%. Accenture’s dividend payout ratio is presently 53.88%.

Analysts Set New Price Targets

Several analysts have commented on ACN shares. Argus lowered their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a report on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $300.00 target price on shares of Accenture in a research report on Thursday, December 18th. Wolfe Research lifted their price target on shares of Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Berenberg Bank started coverage on shares of Accenture in a report on Thursday, January 22nd. They issued a “buy” rating and a $313.00 price objective on the stock. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 target price on shares of Accenture in a report on Thursday, December 18th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $296.42.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 6,057 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the completion of the transaction, the chief executive officer directly owned 15,255 shares in the company, valued at approximately $3,679,963.65. The trade was a 28.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Joel Unruch sold 1,332 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the sale, the general counsel owned 28,207 shares in the company, valued at approximately $7,756,925. The trade was a 4.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by corporate insiders.

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.