Accenture Institutional Stakes Slashed by Up to 89%; CEO Sells Shares

ACNACN

Institutional investors Bank of Jackson Hole Trust and Barlow Wealth Partners cut Accenture stakes by 76.2% to 765 shares ($189,000) and 89.0% to 5,821 shares ($1.45M) in Q3, per SEC filings. CEO Mauro Macchi and Manish Sharma sold 3,231 shares at ~$280–$288 in mid-January, netting $927,000.

1. Institutional Portfolio Moves

Bank of Jackson Hole Trust reduced its stake in Accenture PLC by 76.2% during the third quarter, selling 2,444 shares and ending the period with 765 shares valued at $189,000. Other notable adjustments include Investors Research Corp increasing its holding by 73.8% to 106 shares ($26,000), Harbor Capital Advisors boosting its position by 132.6% to 107 shares ($26,000), and Elevation Wealth Partners raising its stake by 146.0% to 123 shares ($30,000). New positions were established by Davis Capital Management ($28,000) and RMG Wealth Management ($33,000). Institutional investors now control approximately 75.14% of the company’s outstanding stock.

2. Insider Transactions

On January 14th, Chief Executive Officer Mauro Macchi sold 500 shares at an average price of $280.00, generating $140,000 and reducing his total holdings to 7,123 shares valued at $1,994,440. On the same day, executive Manish Sharma disposed of 2,731 shares at an average of $288.13, realizing $786,883 and lowering his position to 7,057 shares ($2,033,333). Over the past 90 days, insiders have sold a combined 22,700 shares worth $5.95 million, representing 0.02% of total shares outstanding.

3. Analyst Outlook

Sixteen analysts maintain a Buy rating, twelve assign Hold and one a Sell, resulting in a consensus rating of Moderate Buy. Price targets range from $205.00 to $330.00. Recent revisions include Wells Fargo raising its target from $251.00 to $275.00 with an Equal Weight rating, Goldman Sachs reaffirming a Buy at $330.00, Susquehanna lifting its target to $277.00 (Neutral), Evercore ISI maintaining an Outperform at $300.00, and Rothschild & Co Redburn increasing its objective to $210.00 (Neutral). The average target stands at $298.38.

4. Recent Earnings and Guidance

In the quarter ended December 18th, Accenture reported earnings per share of $3.94, beating the consensus by $0.21, on revenue of $18.74 billion, surpassing estimates by $0.23 billion and marking a 5.7% year-over-year increase. Net margin was 10.76% and return on equity reached 26.65%. The company set full-year guidance of $13.52 to $13.90 in earnings per share, while analysts forecast $12.73 for the current fiscal year. A quarterly dividend of $1.63 per share was declared, yielding 2.3% on an annualized basis, with an ex-dividend date of January 13th and a payout ratio of 53.88%.

Sources

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