Nwam LLC lowered its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 32.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,176 shares of the information technology services provider’s stock after selling 563 shares during the period. Nwam LLC’s holdings in Accenture were worth $322,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of ACN. C WorldWide Group Holding A S grew its holdings in Accenture by 35.9% during the second quarter. C WorldWide Group Holding A S now owns 8,148 shares of the information technology services provider’s stock worth $2,435,000 after acquiring an additional 2,151 shares during the period. Truist Financial Corp grew its stake in shares of Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after purchasing an additional 28,685 shares during the last quarter. Redwood Investments LLC raised its holdings in shares of Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares in the last quarter. Lipe & Dalton boosted its holdings in Accenture by 2,087.4% during the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after buying an additional 4,801 shares in the last quarter. Finally, PDS Planning Inc grew its position in Accenture by 34.7% in the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock worth $1,212,000 after buying an additional 1,044 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on ACN. UBS Group reduced their price objective on Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Morgan Stanley cut their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Mizuho decreased their target price on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Jefferies Financial Group restated a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. Finally, Citigroup raised shares of Accenture to a “hold” rating in a research note on Thursday, October 23rd. One 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 issued a Sell rating to the company. According to MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average price target of $294.25.
Insider Activity
In related news, CEO Julie Spellman Sweet sold 5,917 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were 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 directly owned 8,599 shares in the company, valued at approximately $2,120,685.38. This represents a 40.76% decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction dated 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 owned 1,860 shares in the company, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,319 shares of company stock worth $8,335,225 in the last three months. 0.02% of the stock is owned by insiders.
Accenture Stock Performance
ACN stock opened at $246.27 on Thursday. The firm has a 50 day simple moving average of $244.95 and a 200 day simple moving average of $273.74. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The stock has a market cap of $162.16 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.16 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42.
Accenture (NYSE:ACN – Get Free Report) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.
Accenture Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.6%. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio 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.
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