Major Investors Slash Accenture Stakes by Up to 89% While Insiders Offload $5.95M
Bank of Jackson Hole Trust reduced its Accenture position by 76.2% to 765 shares valued at $189,000 in Q3, while Barlow Wealth Partners cut 89% of its stake to 5,821 shares worth $1.45 million. Collectively, insiders sold 22,700 shares totaling $5.95 million on January 14.
1. Institutional Investors Alter Stakes in Accenture
In the third quarter, Bank of Jackson Hole Trust reduced its position in Accenture PLC by 76.2%, selling 2,444 shares and ending the period with 765 shares valued at $189,000. Several other institutional investors also adjusted their holdings during the same period: Investors Research Corp increased its stake by 73.8% to 106 shares (worth $26,000), Harbor Capital Advisors Inc. boosted its position by 132.6% to 107 shares ($26,000), and Elevation Wealth Partners LLC expanded its holding by 146.0% to 123 shares ($30,000). Meanwhile, Davis Capital Management and RMG Wealth Management each initiated new positions, valued at $28,000 and $33,000 respectively. Overall, hedge funds and other institutional investors now account for 75.14% of the company’s outstanding shares.
2. Significant Insider Disposals Reported
On January 14, Accenture’s CEO sold 500 shares for proceeds of $140,000, reducing her direct holding to 7,123 shares (valued at $1,994,440), a 6.56% decrease in her position. On the same day, another senior executive disposed of 2,731 shares for $786,883.03, lowering his stake to 7,057 shares (worth $2,033,333.41), a 27.90% reduction. Over the past ninety days, insiders have collectively sold 22,700 shares, generating $5,950,438 of proceeds and leaving insider ownership at 0.02% of the total share count.
3. Analyst Ratings and Price Targets Revised
Following the December earnings release, Wells Fargo & Company raised its target from $251 to $275 and assigned an equal-weight rating, while Goldman Sachs reaffirmed its buy recommendation with a $330 target. Susquehanna adjusted its neutral rating and lifted its target from $270 to $277. Evercore ISI maintained its outperform stance and $300 objective, and Rothschild & Co Redburn upgraded its neutral target from $205 to $210. In aggregate, sixteen analysts rate the stock as a buy, twelve as a hold, and one as a sell, resulting in a consensus Moderate Buy rating and an average target of $298.38.