Accenture PLC $ACN Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Accenture PLC (NYSE:ACN) by 9.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,893 shares of the information technology services provider’s stock after selling 1,591 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Accenture were worth $4,452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truist Financial Corp grew its stake in Accenture by 7.0% during the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after buying an additional 28,685 shares during the last quarter. Redwood Investments LLC lifted its stake in Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after buying an additional 1,287 shares during the last quarter. Lipe & Dalton boosted its holdings in shares of Accenture by 2,087.4% during the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after acquiring an additional 4,801 shares during the period. PDS Planning Inc grew its position in shares of Accenture by 34.7% during the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock worth $1,212,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Accenture by 6.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock worth $21,187,000 after acquiring an additional 4,281 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In other news, CEO Julie Spellman Sweet sold 5,917 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total value of $1,459,250.54. Following the completion of the sale, the chief executive officer owned 8,599 shares of the company’s stock, valued at $2,120,685.38. This trade represents a 40.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares in the company, valued at $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on ACN. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. TD Cowen decreased their price objective on Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a report on Friday, September 26th. Wells Fargo & Company assumed coverage on Accenture in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 target price on the stock. Rothschild & Co Redburn boosted their price target on Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. Finally, The Goldman Sachs Group lowered their price target on Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $294.25.

Accenture Stock Performance

ACN opened at $245.87 on Friday. The business has a fifty day simple moving average of $245.69 and a 200-day simple moving average of $274.72. The firm has a market cap of $161.90 billion, a PE ratio of 20.24, a P/E/G ratio of 2.16 and a beta of 1.28. 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 PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.98 by $0.05. The business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.Accenture’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is presently 53.66%.

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.