Community Financial Services Group LLC Cuts Holdings in Accenture PLC $ACN

Community Financial Services Group LLC lessened its stake in Accenture PLC (NYSE:ACN) by 16.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,512 shares of the information technology services provider’s stock after selling 870 shares during the period. Community Financial Services Group LLC’s holdings in Accenture were worth $1,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Accenture in the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC bought a new stake in shares of Accenture in the 1st quarter worth approximately $32,000. WPG Advisers LLC bought a new stake in shares of Accenture in the 1st quarter worth approximately $42,000. Atwood & Palmer Inc. lifted its holdings in shares of Accenture by 407.4% in the 1st quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 110 shares during the last quarter. Finally, Cheviot Value Management LLC bought a new stake in shares of Accenture in the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Guggenheim lowered their price target on shares of Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a report on Friday, September 26th. TD Cowen lowered their price target on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a report on Friday, September 26th. BMO Capital Markets lowered their price target on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a report on Friday, September 26th. BNP Paribas Exane lowered their price target on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. Finally, Susquehanna lowered their price target on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $300.22.

Accenture Stock Down 1.3%

Shares of NYSE ACN opened at $243.50 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The firm has a market capitalization of $152.51 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.28. The firm has a fifty day simple moving average of $251.06 and a two-hundred day simple moving average of $284.75.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period in the prior year, the business earned $2.66 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.63 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 48.72%.

Insider Transactions at Accenture

In other news, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares of the company’s stock, valued at $644,582.22. This represents a 17.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the sale, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 in the last three months. 0.02% of the stock is currently owned by company insiders.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.