Accenture PLC $ACN Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Accenture PLC (NYSE:ACN) by 80.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,821 shares of the information technology services provider’s stock after selling 32,180 shares during the period. Thrivent Financial for Lutherans’ holdings in Accenture were worth $1,929,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ACN. Sanders Capital LLC purchased a new stake in Accenture during the 2nd quarter worth approximately $2,637,640,000. Norges Bank acquired a new stake in shares of Accenture during the second quarter worth approximately $2,216,850,000. Vanguard Group Inc. increased its stake in shares of Accenture by 2.1% in the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after buying an additional 1,315,548 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Accenture by 12.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock valued at $2,502,446,000 after acquiring an additional 1,148,970 shares during the last quarter. Finally, Flossbach Von Storch SE boosted its stake in Accenture by 48.0% during the 2nd quarter. Flossbach Von Storch SE now owns 2,408,800 shares of the information technology services provider’s stock valued at $719,966,000 after acquiring an additional 781,211 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial assumed coverage on shares of Accenture in a research note on Tuesday, January 6th. They issued a “buy” rating and a $317.00 target price on the stock. Susquehanna boosted their price objective on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a report on Friday, December 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 target price on shares of Accenture in a report on Thursday, December 18th. Guggenheim boosted their target price on shares of Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Wells Fargo & Company raised their price target on shares of Accenture from $251.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average target price of $298.38.

Accenture Stock Performance

Shares of ACN opened at $230.57 on Thursday. The firm has a fifty day moving average of $268.54 and a 200-day moving average of $255.54. The company has a market cap of $141.94 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24. 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 1 year low of $228.83 and a 1 year high of $392.02.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.21. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. During the same period last year, the firm posted $3.59 EPS. Accenture’s quarterly revenue was up 5.7% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current 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 given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is 53.88%.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 1,332 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total transaction of $366,300.00. Following the transaction, the general counsel owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Manish Sharma sold 2,731 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total transaction of $786,883.03. Following the sale, the insider owned 7,057 shares in the company, valued at $2,033,333.41. This trade represents a 27.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,088 shares of company stock valued at $5,970,434. Company insiders own 0.02% of the company’s stock.

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.