Accenture PLC $ACN Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in Accenture PLC (NYSE:ACN) by 36.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,097,246 shares of the information technology services provider’s stock after selling 631,581 shares during the quarter. Victory Capital Management Inc.’s holdings in Accenture were worth $270,582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Running Oak Capital LLC boosted its stake in Accenture by 14.3% during the 3rd quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock valued at $14,190,000 after purchasing an additional 7,190 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Accenture in the second quarter valued at approximately $2,658,000. C WorldWide Group Holding A S grew its stake in shares of Accenture by 35.9% in the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock worth $2,435,000 after acquiring an additional 2,151 shares during the last quarter. Weitz Investment Management Inc. increased its position in Accenture by 28.8% during the third quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider’s stock worth $39,592,000 after acquiring an additional 35,900 shares during the period. Finally, Norges Bank acquired a new position in Accenture during the 2nd quarter valued at $2,216,850,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other news, CEO Julie Spellman Sweet sold 6,057 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was 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 directly owned 15,255 shares in the company, valued at approximately $3,679,963.65. This trade represents a 28.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Melissa A. Burgum sold 3,588 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the transaction, the chief accounting officer owned 8,179 shares in the company, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by insiders.

Accenture Stock Up 1.9%

Shares of NYSE ACN opened at $209.77 on Wednesday. The business has a fifty day moving average of $251.99 and a two-hundred day moving average of $251.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. Accenture PLC has a 52-week low of $188.73 and a 52-week high of $349.24. The stock has a market cap of $129.14 billion, a PE ratio of 17.34, a PEG ratio of 1.98 and a beta of 1.27.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The business had revenue of $18.74 billion during 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 firm’s revenue for the quarter was up 5.7% on a year-over-year basis. 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. As a group, equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal 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 issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Wall Street Analyst Weigh In

ACN has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. UBS Group downgraded Accenture from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Guggenheim boosted their price objective on Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Deutsche Bank Aktiengesellschaft raised their target price on Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Finally, TD Cowen boosted their price target on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 19th. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $296.42.

Accenture Company 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.