Accenture PLC $ACN Shares Sold by Inscription Capital LLC

Key Points

• Inscription Capital cut its Accenture stake by 53.1% in the third quarter, selling 4,979 shares; it retained 4,398 shares valued at about $807,000. Institutional investors overall own 75.14% of the company.
• Accenture beat quarterly estimates, reporting EPS of $3.29 and revenue of $18.68 billion, up 6.2% year over year. It also raised its quarterly dividend from $1.63 to $1.71 per share.
• CEO Julie Sweet purchased 12,200 shares, while CEO Atsushi Egawa sold 10,000 shares under a pre-arranged trading plan. Analysts’ consensus rating was Hold, with an average price target of $221.07.

Inscription Capital LLC reduced its position in Accenture PLC (NYSE:ACN - Free Report) by 53.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,398 shares of the information technology services provider's stock after selling 4,979 shares during the quarter. Inscription Capital LLC's holdings in Accenture were worth $807,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Dogwood Wealth Management LLC lifted its holdings in Accenture by 147.1% in the second quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 128 shares during the period. IMG Wealth Management Inc. boosted its position in Accenture by 134.8% during the first quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 89 shares in the last quarter. Foresight Capital Management Advisors Inc. acquired a new stake in Accenture in the third quarter valued at $31,000. Signature Equity Partners LLC lifted its position in shares of Accenture by 50.9% in the third quarter. Signature Equity Partners LLC now owns 172 shares of the information technology services provider's stock valued at $32,000 after acquiring an additional 58 shares in the last quarter. Finally, Arlington Trust Co LLC grew its holdings in shares of Accenture by 110.4% during the second quarter. Arlington Trust Co LLC now owns 284 shares of the information technology services provider's stock worth $35,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Price Performance

NYSE:ACN traded down $4.80 during midday trading on Friday, hitting $260.36. 4,262,459 shares of the stock were exchanged, compared to its average volume of 6,775,025. The company has a market capitalization of $153.89 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 2.00 and a beta of 1.01. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. Accenture PLC has a one year low of $118.15 and a one year high of $291.09. The business has a 50-day moving average price of $210.35 and a two-hundred day moving average price of $191.91.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping analysts' consensus estimates of $3.18 by $0.11. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The company had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same quarter in the previous year, the business earned $3.03 EPS. The company's quarterly revenue was up 6.2% compared to the same quarter last year. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Sell-side analysts predict that Accenture PLC will post 14.68 EPS for the current year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, October 13th. This is a positive change from Accenture's previous quarterly dividend of $1.63. Accenture's dividend payout ratio is currently 50.44%.

Insider Buying and Selling

In other Accenture news, CEO Julie Sweet bought 12,200 shares of the company's stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average cost of $245.99 per share, for a total transaction of $3,001,078.00. Following the acquisition, the chief executive officer directly owned 48,910 shares of the company's stock, valued at $12,031,370.90. This trade represents a 33.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Atsushi Egawa sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $270.00, for a total transaction of $2,700,000.00. Following the sale, the chief executive officer owned 5,996 shares of the company's stock, valued at $1,618,920. The trade was a 62.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,675 shares of company stock worth $4,747,563 in the last ninety days. Insiders own 0.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Accenture from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Friday, October 2nd. Citigroup lifted their target price on Accenture from $135.00 to $190.00 and gave the stock a "neutral" rating in a research report on Monday, August 24th. Mizuho upped their price target on shares of Accenture from $226.00 to $241.00 and gave the company an "outperform" rating in a report on Tuesday, October 6th. BMO Capital Markets set a $235.00 price objective on shares of Accenture in a research note on Friday, October 2nd. Finally, Truist Financial boosted their target price on shares of Accenture from $150.00 to $220.00 and gave the stock a "hold" rating in a research report on Friday, October 2nd. Ten research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Accenture currently has a consensus rating of "Hold" and a consensus target price of $221.07.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture and Mondelēz International are applying agentic AI to redesign Mondelēz’s global order-to-cash operations, including ordering, invoicing and collections. The project showcases demand for Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
• Positive Sentiment: A valuation analysis says ACN trades at about 18 times forward earnings, below its 10-year average of 24 times, even after a strong recent rally. That could appeal to investors who see room for the valuation to recover. Accenture’s valuation analysis
• Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his direct holdings by about 62.5%. The sale was made under a pre-arranged Rule 10b5-1 plan, so it is not necessarily a signal about his outlook for the company. Accenture CEO share sale
• Negative Sentiment: Accenture fell even as the market rose, indicating relative weakness in the session. The report describes the decline but does not point to a specific company catalyst. Accenture stock underperforms as the market gains

Accenture Profile

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions.

The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.

Accenture traces its roots to the consulting business of accounting firm Arthur Andersen.

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