Accenture Q3 EPS Beats by $0.21 as Revenue Climbs 5.7%, FY26 Guidance Set
Accenture reported Q3 EPS of $3.94, beating Street by $0.21, and revenue rose 5.7% to $18.74B vs $18.51B estimates. The firm set FY26 EPS guidance at 13.52-13.90 and will pay a $1.63 quarterly dividend, implying a 2.3% yield.
1. Institutional Sell-Off by Bank of Jackson Hole Trust
Bank of Jackson Hole Trust reduced its Accenture PLC stake by 76.2% in the 3rd quarter, offloading 2,444 shares and retaining just 765 shares. At the end of the period, the fund’s remaining position carried a market value of approximately $189,000, reflecting a strategic reallocation away from information technology services offerings.
2. Activity Among Other Investment Managers
Several smaller institutional investors also adjusted their positions during the same quarter. Investors Research Corp boosted its holding by 73.8% to 106 shares, valued at $26,000, while Harbor Capital Advisors Inc. increased its stake by 132.6% to 107 shares, also worth $26,000. Davis Capital Management and RMG Wealth Management LLC each initiated new positions worth roughly $28,000 and $33,000 respectively, and Elevation Wealth Partners LLC expanded its position by 146.0% to 123 shares, valued at $30,000. Overall, hedge funds and institutional investors control 75.14% of the company’s outstanding stock.
3. Insider Sales Accelerate
In mid-January, Chief Executive Officer Mauro Macchi sold 500 shares for a total of $140,000 and reduced his holdings by 6.56% to 7,123 shares. Separately, executive Manish Sharma sold 2,731 shares at an aggregate of $786,883.03, trimming his position by 27.90% to 7,057 shares. Combined insider dispositions over the past 90 days amounted to 22,700 shares sold, representing $5,950,438 in proceeds, while insider ownership stands at 0.02% of the float.
4. Analyst Consensus and Price Targets
Research reports published between mid-December and mid-January show a mixed but generally positive sentiment. Sixteen analysts maintain buy recommendations, twelve hold ratings and one assign a sell rating. Wells Fargo boosted its target from $251 to $275 with an equal-weight view; Goldman Sachs reaffirmed a buy rating with a $330 objective; Susquehanna moved its target from $270 to $277 with a neutral stance; Evercore ISI reiterated an outperform rating at $300; and Rothschild & Co Redburn lifted its objective from $205 to $210. The consensus target price across sixteen forecast models stands at $298.38, supporting a Moderate Buy consensus.