Mirabella Financial Services LLP Lowers Holdings in Accenture PLC $ACN

Mirabella Financial Services LLP reduced its position in shares of Accenture PLC (NYSE:ACN) by 29.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,345 shares of the information technology services provider’s stock after selling 5,100 shares during the period. Mirabella Financial Services LLP’s holdings in Accenture were worth $3,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Accenture during the first quarter worth about $31,000. RMG Wealth Management LLC bought a new stake in Accenture during the second quarter valued at approximately $33,000. WPG Advisers LLC purchased a new position in Accenture in the 1st quarter worth approximately $42,000. Traub Capital Management LLC bought a new position in shares of Accenture in the 2nd quarter worth $45,000. Finally, Nova Wealth Management Inc. bought a new stake in shares of Accenture during the 1st quarter worth $49,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACN has been the topic of a number of research reports. BNP Paribas Exane lowered their price target on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. Wall Street Zen lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Wolfe Research increased their target price on shares of Accenture from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. TD Cowen cut their price target on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $294.25.

Insider Buying and Selling at Accenture

In other news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This represents a 64.27% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 33,319 shares of company stock worth $8,335,225. Company insiders own 0.02% of the company’s stock.

Accenture Price Performance

ACN opened at $269.31 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s 50 day moving average price is $247.47 and its 200-day moving average price is $267.46. The stock has a market capitalization of $177.33 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. Accenture PLC has a 52-week low of $229.40 and a 52-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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. On average, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 10th were given a dividend of $1.63 per share. This is a positive change from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend was Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.4%. Accenture’s payout ratio is currently 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.