Accenture PLC $ACN Shares Sold by Bridges Investment Management Inc.

Key Points

• Bridges Investment Management Inc. reduced its position in Accenture PLC by 4.5%, owning 59,952 shares worth approximately $17.9 million after selling 2,831 shares in the second quarter.
• Accenture's recent quarterly earnings showed $3.03 EPS, exceeding estimates of $2.98, and revenue of $17.60 billion, reflecting a 7.3% increase compared to last year.
• The company announced a quarterly dividend increase to $1.63 per share, marking a yield of 2.7%, with the upcoming payment set for November 14th.

Bridges Investment Management Inc. reduced its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,952 shares of the information technology services provider's stock after selling 2,831 shares during the period. Bridges Investment Management Inc.'s holdings in Accenture were worth $17,919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truist Financial Corp raised its position in shares of Accenture by 7.0% during 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 acquiring an additional 28,685 shares in the last quarter. Redwood Investments LLC raised its position in shares of Accenture by 6.2% during 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 acquiring an additional 1,287 shares in the last quarter. Lipe & Dalton raised its position in shares of Accenture by 2,087.4% during the 1st 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 in the last quarter. PDS Planning Inc raised its position in shares of Accenture by 34.7% during the 2nd 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Accenture by 6.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider's stock valued at $21,187,000 after acquiring an additional 4,281 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Accenture from $302.00 to $290.00 and set an "overweight" rating for the company in a research note on Friday, September 26th. HSBC lowered their price objective on Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. Argus set a $370.00 price objective on Accenture in a research note on Tuesday, June 24th. Robert W. Baird lowered their price objective on Accenture from $350.00 to $330.00 and set an "outperform" rating for the company in a research note on Friday, September 26th. Finally, The Goldman Sachs Group lowered their price objective on Accenture from $370.00 to $330.00 and set a "buy" rating for the company in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $300.22.

Accenture Trading Down 1.6%

NYSE:ACN opened at $240.23 on Thursday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The stock has a market cap of $150.46 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.13 and a beta of 1.28. The business has a fifty day moving average of $246.95 and a 200-day moving average of $280.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42.

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

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid 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 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 10th. Accenture's dividend payout ratio (DPR) is 53.66%.

Accenture Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.