Spire Wealth Management Raises Holdings in Accenture PLC $ACN

Spire Wealth Management lifted its holdings in Accenture PLC (NYSE:ACNFree Report) by 5,125.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,640 shares of the information technology services provider’s stock after buying an additional 20,245 shares during the quarter. Spire Wealth Management’s holdings in Accenture were worth $5,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACN. CX Institutional boosted its position in shares of Accenture by 12.5% during the 3rd quarter. CX Institutional now owns 22,431 shares of the information technology services provider’s stock worth $5,531,000 after purchasing an additional 2,499 shares in the last quarter. Childress Capital Advisors LLC lifted its stake in shares of Accenture by 3.1% in the third quarter. Childress Capital Advisors LLC now owns 1,815 shares of the information technology services provider’s stock valued at $447,000 after purchasing an additional 54 shares during the period. Sather Financial Group Inc boosted its holdings in Accenture by 24.0% during the third quarter. Sather Financial Group Inc now owns 169,347 shares of the information technology services provider’s stock worth $41,761,000 after buying an additional 32,784 shares in the last quarter. Absher Wealth Management LLC acquired a new position in Accenture during the third quarter worth about $1,114,000. Finally, Cerity Partners LLC increased its holdings in Accenture by 5.6% in the third quarter. Cerity Partners LLC now owns 401,646 shares of the information technology services provider’s stock valued at $99,044,000 after buying an additional 21,135 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity at Accenture

In other news, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the sale, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This represents a 64.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 35,151 shares of company stock worth $8,841,525. Company insiders own 0.02% of the company’s stock.

More Accenture News

Here are the key news stories impacting Accenture this week:

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ACN. Cowen reissued a “buy” rating on shares of Accenture in a research note on Friday, September 26th. Jefferies Financial Group boosted their target price on Accenture from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 10th. Wolfe Research upped their target price on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Accenture from $235.00 to $265.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average price target of $295.84.

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Accenture Trading Down 0.7%

Shares of ACN stock opened at $274.00 on Thursday. The company has a market capitalization of $168.68 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 2.66 and a beta of 1.25. 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 firm has a 50-day moving average price of $259.04 and a 200 day moving average price of $259.82. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.21. The company 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 firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th will be issued a $1.63 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.4%. Accenture’s payout ratio is 53.88%.

Accenture Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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