Transcend Capital Advisors LLC Reduces Holdings in Accenture PLC $ACN

Transcend Capital Advisors LLC trimmed its position in shares of Accenture PLC (NYSE:ACN) by 7.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,610 shares of the information technology services provider’s stock after selling 882 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Accenture were worth $3,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ACN. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture during the first quarter valued at $31,000. RMG Wealth Management LLC bought a new stake in shares of Accenture in the second quarter valued at about $33,000. WPG Advisers LLC bought a new stake in shares of Accenture in the first quarter valued at about $42,000. Cheviot Value Management LLC bought a new stake in shares of Accenture in the first quarter valued at about $43,000. Finally, Fiduciary Wealth Partners LLC bought a new stake in shares of Accenture in the first quarter valued at about $45,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of NYSE ACN opened at $247.93 on Monday. The business’s 50 day moving average price is $247.27 and its 200 day moving average price is $277.39. The firm has a market cap of $163.25 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.16 and a beta of 1.28. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter in the prior year, the firm earned $2.66 earnings per share. Accenture’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. On average, sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a $1.63 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 53.66%.

Insiders Place Their Bets

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the sale, the chief executive officer owned 23,516 shares in the company, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the sale, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. This represents a 78.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,402 shares of company stock worth $4,595,374. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Cowen reduced their target price 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. Hsbc Global Res upgraded shares of Accenture to a “moderate sell” rating in a report on Monday, July 28th. Rothschild & Co Redburn upped their price objective on shares of Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Robert W. Baird cut their price objective on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Finally, Wall Street Zen downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $297.48.

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.