Osprey Private Wealth LLC Acquires 5,599 Shares of Accenture PLC $ACN

Osprey Private Wealth LLC increased its holdings in Accenture PLC (NYSE:ACN) by 37.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,694 shares of the information technology services provider’s stock after buying an additional 5,599 shares during the period. Accenture comprises approximately 1.9% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 21st biggest holding. Osprey Private Wealth LLC’s holdings in Accenture were worth $5,103,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ACN. Brighton Jones LLC grew its stake in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Capital Analysts LLC grew its position in shares of Accenture by 7.5% in the 1st quarter. Capital Analysts LLC now owns 13,970 shares of the information technology services provider’s stock worth $4,359,000 after buying an additional 975 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Accenture by 12.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 920 shares of the information technology services provider’s stock worth $288,000 after acquiring an additional 103 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in Accenture by 4.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,589 shares of the information technology services provider’s stock valued at $2,680,000 after acquiring an additional 404 shares during the last quarter. Finally, TFB Advisors LLC boosted its stake in Accenture by 12.1% in the first quarter. TFB Advisors LLC now owns 814 shares of the information technology services provider’s stock valued at $254,000 after acquiring an additional 88 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Accenture news, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. This represents a 78.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the sale, the chief executive officer directly owned 1,390 shares in the company, valued at $346,763.30. The trade was a 64.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,319 shares of company stock valued at $8,335,225 in the last quarter. 0.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ACN shares. BNP Paribas Exane decreased their price objective on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. Mizuho decreased their price target on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. BMO Capital Markets dropped their price target on Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research note on Friday, September 26th. TD Cowen decreased their price objective on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, Susquehanna dropped their target price on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $294.04.

Accenture Trading Up 0.5%

Shares of NYSE:ACN opened at $273.40 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The stock has a market cap of $180.03 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.64 and a beta of 1.26. The business has a 50-day moving average price of $251.83 and a 200-day moving average price of $264.30.

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 $3.74 by $0.20. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Equities analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 10th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio (DPR) is 53.66%.

Accenture Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.