Accenture PLC $ACN Shares Sold by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Accenture PLC by 10.3%, selling 56,450 shares and holding approximately 489,296 shares worth $146.2 million at the end of the second quarter.
• Accenture recently announced a quarterly dividend increase to $1.63 per share, with an annualized yield of 2.8%, scheduled for payment on November 14th.
• Accenture's stock is currently rated as a Moderate Buy by analysts, with a consensus price target of $300.22, showing adjustments from major brokerages recently.

Chevy Chase Trust Holdings LLC lessened its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 489,296 shares of the information technology services provider's stock after selling 56,450 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.08% of Accenture worth $146,246,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Viawealth LLC raised its holdings in shares of Accenture by 2.6% during the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider's stock valued at $408,000 after buying an additional 33 shares during the last quarter. Aprio Wealth Management LLC increased its holdings in shares of Accenture by 2.1% in the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider's stock valued at $512,000 after buying an additional 33 shares in the last quarter. First National Advisers LLC increased its holdings in shares of Accenture by 0.4% in the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider's stock valued at $2,939,000 after buying an additional 34 shares in the last quarter. TCTC Holdings LLC increased its holdings in shares of Accenture by 14.5% in the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider's stock valued at $84,000 after buying an additional 34 shares in the last quarter. Finally, Texas Bank & Trust Co increased its holdings in shares of Accenture by 0.4% in the first quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider's stock valued at $2,553,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ACN. The Goldman Sachs Group cut their target price on shares of Accenture from $370.00 to $330.00 and set a "buy" rating on the stock in a research note on Friday, September 26th. Morgan Stanley cut their target price on shares of Accenture from $325.00 to $271.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 9th. Guggenheim cut their target price on shares of Accenture from $305.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, September 26th. Jefferies Financial Group reissued a "hold" rating on shares of Accenture in a research note on Tuesday, September 30th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Accenture in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $300.22.

Accenture Stock Down 2.5%

ACN stock opened at $233.79 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The company has a 50-day moving average of $246.79 and a two-hundred day moving average of $279.67. The stock has a market capitalization of $146.43 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.28.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.98 by $0.05. The business had revenue of $17.60 billion during 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 firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities research analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 10th. Accenture's dividend payout ratio (DPR) is currently 53.66%.

Accenture Company 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.

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