Venturi Wealth Management LLC Sells 2,965 Shares of Accenture PLC $ACN

Venturi Wealth Management LLC decreased its position in Accenture PLC (NYSE:ACN) by 46.2% during the third quarter, HoldingsChannel.com reports. The firm owned 3,448 shares of the information technology services provider’s stock after selling 2,965 shares during the quarter. Venturi Wealth Management LLC’s holdings in Accenture were worth $850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ACN. Investors Research Corp increased its holdings in Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 61 shares during the period. Davis Capital Management purchased a new stake in shares of Accenture in the 3rd quarter worth $28,000. Elevation Wealth Partners LLC raised its stake in shares of Accenture by 146.0% in the third 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 bought a new stake in Accenture during the 3rd quarter worth approximately $32,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 2.8%

NYSE:ACN opened at $281.52 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The company’s fifty day moving average price is $259.69 and its 200-day moving average price is $259.97. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The firm has a market capitalization of $173.30 billion, a P/E ratio of 23.27, a PEG ratio of 2.64 and a beta of 1.25.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.73 by $0.21. The company had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities research analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is 53.88%.

Insider Buying and Selling

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the sale, the chief executive officer owned 23,516 shares in the company, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $280.00, for a total transaction of $140,000.00. Following the transaction, the chief executive officer directly owned 7,623 shares of the company’s stock, valued at approximately $2,134,440. This trade represents a 6.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 35,151 shares of company stock valued at $8,841,525 in the last three months. 0.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on ACN shares. JPMorgan Chase & Co. lowered their price objective on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Citigroup raised Accenture to a “hold” rating in a research note on Thursday, October 23rd. Wells Fargo & Company started coverage on shares of Accenture in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 price target for the company. Mizuho reduced their target price on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price objective on shares of Accenture in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $295.84.

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.