Capital Group Private Client Services Inc. Sells 165,419 Shares of Accenture PLC $ACN

Capital Group Private Client Services Inc. trimmed its position in Accenture PLC (NYSE:ACN) by 82.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,919 shares of the information technology services provider’s stock after selling 165,419 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Accenture were worth $8,611,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ACN. SkyView Investment Advisors LLC grew its position in shares of Accenture by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after buying an additional 43 shares during the period. Alpha Cubed Investments LLC lifted its holdings in Accenture by 6.4% in the second quarter. Alpha Cubed Investments LLC now owns 744 shares of the information technology services provider’s stock valued at $222,000 after buying an additional 45 shares during the period. Councilmark Asset Management LLC boosted its stake in Accenture by 0.5% in the second quarter. Councilmark Asset Management LLC now owns 9,344 shares of the information technology services provider’s stock valued at $2,793,000 after acquiring an additional 45 shares during the last quarter. Investors Research Corp grew its holdings 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 period. Finally, WP Advisors LLC raised its position in shares of Accenture by 1.0% during the 2nd quarter. WP Advisors LLC now owns 4,719 shares of the information technology services provider’s stock valued at $1,410,000 after acquiring an additional 46 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of Accenture stock opened at $209.18 on Tuesday. The stock’s fifty day simple moving average is $247.40 and its 200 day simple moving average is $250.32. 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 capitalization of $128.77 billion, a PE ratio of 17.29, a PEG ratio of 2.07 and a beta of 1.28. Accenture PLC has a 12 month low of $188.73 and a 12 month high of $339.90.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.21. The firm had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $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 EPS for the current year.

Accenture Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ACN. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price target on shares of Accenture in a research report on Thursday, December 18th. Susquehanna increased their target price on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Wolfe Research raised their target price on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $300.00 price target on shares of Accenture in a research note on Thursday, December 18th. Finally, UBS Group downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $291.69.

Insider Activity

In other Accenture news, COO Catherine Kiernan Hogan sold 660 shares of Accenture stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $280.93, for a total value of $185,413.80. Following the transaction, the chief operating officer owned 12,688 shares of the company’s stock, valued at approximately $3,564,439.84. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John F. Walsh sold 3,986 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the sale, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at $7,523,339.98. This represents a 12.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 22,088 shares of company stock worth $5,970,434. Corporate insiders own 0.02% of the company’s stock.

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.