Accenture PLC $ACN Shares Sold by Fortis Capital Advisors LLC

Key Points

• Fortis Capital Advisors LLC has significantly reduced its stake in Accenture PLC by 73.5%, resulting in ownership of just 871 shares valued at approximately $260,000.
• Accenture recently reported earnings of $3.03 per share, surpassing estimates and reflecting a 7.3% year-over-year revenue growth to $17.60 billion for the last quarter.
• The company announced a quarterly dividend increase to $1.63 per share, indicating strong shareholder returns with an annualized yield of 2.7%.

Fortis Capital Advisors LLC trimmed its position in Accenture PLC (NYSE:ACN - Free Report) by 73.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 871 shares of the information technology services provider's stock after selling 2,411 shares during the quarter. Fortis Capital Advisors LLC's holdings in Accenture were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Accenture by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock valued at $19,912,594,000 after acquiring an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Accenture by 63.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Accenture by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock worth $2,111,378,000 after buying an additional 228,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Accenture by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider's stock worth $1,923,225,000 after buying an additional 126,548 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Accenture by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider's stock worth $1,600,470,000 after buying an additional 164,573 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Up 0.4%

Shares of Accenture stock opened at $245.39 on Friday. The stock has a 50-day moving average price of $249.57 and a 200 day moving average price of $283.36. The company has a market cap of $153.69 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.14 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $17.60 billion during 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 business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.7%. This is an increase from Accenture's previous quarterly dividend of $1.48. Accenture's dividend payout ratio (DPR) is currently 48.72%.

Insider Buying and Selling

In related news, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the sale, the chief executive officer directly owned 2,283 shares of the company's stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the sale, the chief executive officer directly owned 8,109 shares of the company's stock, valued at $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,954 shares of company stock valued at $834,280. Corporate insiders own 0.02% of the company's stock.

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. BMO Capital Markets cut their price objective on shares of Accenture from $325.00 to $270.00 and set a "market perform" rating on the stock in a research note on Friday, September 26th. Jefferies Financial Group restated a "hold" rating on shares of Accenture in a research note on Tuesday, September 30th. Hsbc Global Res raised Accenture to a "moderate sell" rating in a research note on Monday, July 28th. Finally, Argus set a $370.00 target price on Accenture in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $300.22.

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.

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