Blair William & Co. IL Cuts Stake in Accenture PLC $ACN

Blair William & Co. IL cut its stake in Accenture PLC (NYSE:ACN - Free Report) by 18.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 587,570 shares of the information technology services provider's stock after selling 133,923 shares during the quarter. Blair William & Co. IL owned approximately 0.09% of Accenture worth $175,619,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Viawealth LLC increased its holdings in Accenture by 2.6% during the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider's stock worth $408,000 after purchasing an additional 33 shares during the last quarter. Aprio Wealth Management LLC lifted its holdings in 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 worth $512,000 after purchasing an additional 33 shares during the period. First National Advisers LLC grew its holdings in Accenture by 0.4% during the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider's stock worth $2,939,000 after acquiring an additional 34 shares during the period. TCTC Holdings LLC boosted its stake in shares of Accenture by 14.5% during the 1st quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider's stock worth $84,000 after acquiring an additional 34 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA lifted its holdings in shares of Accenture by 0.3% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 11,777 shares of the information technology services provider's stock valued at $3,675,000 after purchasing an additional 35 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares in the company, valued at $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer owned 8,109 shares of the company's stock, valued at $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock worth $834,280 over the last quarter. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Accenture from $325.00 to $271.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 9th. Royal Bank Of Canada dropped their target price on Accenture from $372.00 to $285.00 and set an "outperform" rating for the company in a report on Friday, September 26th. Robert W. Baird lowered their target price on shares of Accenture from $350.00 to $330.00 and set an "outperform" rating on the stock in a report on Friday, September 26th. UBS Group reduced their target price on Accenture from $363.00 to $315.00 and set a "buy" rating on the stock in a report on Wednesday, September 24th. Finally, HSBC dropped their target price on Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $300.22.

Accenture Stock Up 0.8%

NYSE:ACN opened at $253.17 on Thursday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $248.02 and a two-hundred day moving average price of $282.42. The stock has a market cap of $158.57 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.19 and a beta of 1.28.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results 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. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same period in the previous year, the company posted $2.66 earnings per share. The company's quarterly revenue 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. As a group, equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.6%. This is an increase from Accenture's previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture's payout ratio is currently 48.72%.

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.

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