Stevens Capital Management LP Takes $1.83 Million Position in Accenture PLC $ACN

Stevens Capital Management LP bought a new stake in Accenture PLC (NYSE:ACN) in the second quarter, Holdings Channel reports. The institutional investor bought 6,115 shares of the information technology services provider’s stock, valued at approximately $1,828,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. C WorldWide Group Holding A S raised its position in Accenture by 35.9% in the 2nd 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 purchasing an additional 2,151 shares during the last quarter. Truist Financial Corp boosted its position in Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after buying an additional 28,685 shares during the last quarter. Redwood Investments LLC increased its stake 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 valued at $6,892,000 after buying an additional 1,287 shares during the period. Prudential PLC raised its position in shares of Accenture by 20.4% during the second quarter. Prudential PLC now owns 56,130 shares of the information technology services provider’s stock worth $16,777,000 after acquiring an additional 9,510 shares during the last quarter. Finally, PDS Planning Inc lifted its stake 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 valued at $1,212,000 after acquiring an additional 1,044 shares during the period. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ACN. Evercore ISI set a $280.00 price objective on Accenture in a research report on Thursday, September 25th. Wolfe Research raised their target price on shares of Accenture from $285.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Rothschild Redb cut shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Stifel Nicolaus cut their price objective on shares of Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Finally, Rothschild & Co Redburn raised their price objective on shares of Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.25.

Insider Activity at Accenture

In related news, insider Manish Sharma sold 6,902 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the sale, the insider directly owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This represents a 78.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the sale, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This trade represents a 64.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by company insiders.

Accenture Trading Up 4.6%

Shares of NYSE ACN opened at $251.87 on Friday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The stock has a market cap of $165.85 billion, a price-to-earnings ratio of 20.73, 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. The company’s fifty day moving average is $244.30 and its 200-day moving average is $271.16.

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. The business had revenue of $17.60 billion for 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%.The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities research analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 10th were issued a dividend of $1.63 per share. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date was Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. 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.