Country Club Bank Purchases 1,595 Shares of Accenture PLC $ACN

Key Points

• Country Club Bank increased its holdings in Accenture PLC by 42.0% during Q2, now owning 5,392 shares valued at approximately $1.59 million.
• CEO Mauro Macchi sold 500 shares for about $141,170, which represented a 17.97% decrease in his ownership, as insiders have sold a total of 2,954 shares worth $834,280 over the last quarter.
• Accenture announced a quarterly dividend of $1.63, showing an increase from the previous $1.48, representing a 2.6% yield based on a payout ratio of 48.72%.

Country Club Bank boosted its position in Accenture PLC (NYSE:ACN - Free Report) by 42.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,392 shares of the information technology services provider's stock after acquiring an additional 1,595 shares during the quarter. Country Club Bank's holdings in Accenture were worth $1,593,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new position in Accenture in the first quarter valued at approximately $31,000. Inlight Wealth Management LLC bought a new stake in shares of Accenture during the first quarter worth $32,000. WPG Advisers LLC bought a new stake in shares of Accenture during the first quarter worth $42,000. Atwood & Palmer Inc. grew its stake in shares of Accenture by 407.4% during the first quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider's stock worth $43,000 after buying an additional 110 shares during the last quarter. Finally, Cheviot Value Management LLC bought a new stake in shares of Accenture during the first quarter worth $43,000. 75.14% of the stock is owned by institutional investors.

Insider Activity at Accenture

In related news, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares in the company, valued at $644,582.22. The trade was 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 hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. The trade was a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock worth $834,280 over the last quarter. Company insiders own 0.02% of the company's stock.

Accenture Price Performance

ACN stock opened at $251.42 on Wednesday. The firm has a market cap of $157.47 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.16 and a beta of 1.28. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company's fifty day simple moving average is $248.44 and its 200 day simple moving average is $282.62.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.05. The business had revenue of $17.60 billion for 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%. Accenture's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous 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. On average, analysts expect 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 issued a $1.63 dividend. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture's previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.6%. Accenture's dividend payout ratio (DPR) is presently 48.72%.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of research reports. The Goldman Sachs Group decreased 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. BMO Capital Markets decreased their target price 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. Robert W. Baird decreased their target price on shares of Accenture from $350.00 to $330.00 and set an "outperform" rating on the stock in a research note on Friday, September 26th. Mizuho cut their price target on shares of Accenture from $348.00 to $309.00 and set an "outperform" rating on the stock in a report on Monday, September 29th. Finally, Rothschild Redb lowered shares of Accenture from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. One equities research 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's stock. Based on data from MarketBeat.com, the company presently 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.

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN - Free Report).

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.