Rep. Kelly Morrison Sells Off Accenture PLC (NYSE:ACN) Stock

Key Points

• Rep. Kelly Morrison sold Accenture shares worth between $15,001 and $50,000 on August 11 from a trust account, along with smaller sales of Accenture, Mobility Global and Solstice Advanced Materials.
• Accenture shares opened at $181.58 after falling 2.9%; the company recently reported quarterly EPS of $3.80, ahead of estimates, while revenue rose 5.6% year over year to $18.72 billion.
• Accenture approved a $2 billion share-repurchase plan and pays a $1.63 quarterly dividend, equivalent to a 3.6% yield. Analysts collectively rate the stock “Hold,” with a consensus price target of $194.19.

Representative Kelly Morrison (Democratic-Minnesota) recently sold shares of Accenture PLC NYSE: ACN. In a filing disclosed on August 25th, the Representative disclosed that they had sold between $15,001 and $50,000 in Accenture stock on August 11th. The trade occurred in the Representative's "TRUST 8" account.

Representative Kelly Morrison also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 8/11/2026.
• Sold $1,001 - $15,000 in shares of Mobility Global NYSE: MBGL on 8/11/2026.
• Sold $1,001 - $15,000 in shares of Solstice Advanced Mat NASDAQ: SOLS on 8/11/2026.

Accenture Trading Down 2.9%

NYSE:ACN opened at $181.58 on Thursday. The company's 50 day moving average is $153.25 and its 200-day moving average is $178.62. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. Accenture PLC has a 12 month low of $118.15 and a 12 month high of $291.09. The firm has a market cap of $121.26 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.93 and a beta of 1.09.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Friday, June 19th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.10. The business had revenue of $18.72 billion during the quarter, compared to the consensus estimate of $18.78 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. Accenture's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.49 EPS. Equities analysts anticipate that Accenture PLC will post 13.85 EPS for the current year.

Accenture declared that its Board of Directors has approved a stock repurchase plan on Tuesday, June 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to reacquire up to 2.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 9th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.6%. The ex-dividend date was Thursday, July 9th. Accenture's dividend payout ratio (DPR) is 52.08%.

Insider Buying and Selling at Accenture

In other news, General Counsel Joel Unruch sold 10,498 shares of Accenture stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $162.98, for a total value of $1,710,964.04. Following the completion of the transaction, the general counsel owned 17,735 shares in the company, valued at approximately $2,890,450.30. The trade was a 37.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company's stock.

Institutional Investors Weigh In On Accenture

A number of institutional investors have recently added to or reduced their stakes in ACN. Brighton Jones LLC raised its stake in Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock worth $6,486,000 after acquiring an additional 4,905 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Accenture by 46.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider's stock worth $618,000 after purchasing an additional 660 shares during the last quarter. United Bank increased its position in shares of Accenture by 49.8% during the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider's stock worth $1,088,000 after purchasing an additional 1,209 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Accenture by 23.0% during the 2nd quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider's stock valued at $247,000 after purchasing an additional 155 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in Accenture by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider's stock valued at $528,000 after buying an additional 72 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ACN shares. Wells Fargo & Company reduced their target price on shares of Accenture from $200.00 to $194.00 and set an "overweight" rating for the company in a research note on Monday, July 20th. Robert W. Baird set a $190.00 price target on Accenture in a report on Thursday, June 18th. Oppenheimer set a $201.00 price objective on Accenture in a report on Monday, June 8th. Weiss Ratings cut Accenture from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada reduced their target price on Accenture from $253.00 to $175.00 and set an "outperform" rating for the company in a research report on Monday, June 22nd. Twelve research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $194.19.

About Representative Morrison

Kelly Morrison (Democratic Party) is a member of the U.S. House, representing Minnesota's 3rd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Morrison (Democratic Party) is running for re-election to the U.S. House to represent Minnesota's 3rd Congressional District. She declared candidacy for the 2026 election. Kelly Morrison was born in Minneapolis, Minnesota, and lives in Deephaven. Morrison earned a B.A. in history from Yale University and an M.D. from Case Western Reserve University. She completed her residency in obstetrics and gynecology at Northwestern University. Morrison's career experience includes working as a physician.

About Accenture

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.

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