Greenleaf Trust Sells 2,595 Shares of Accenture PLC $ACN

Key Points

• Greenleaf Trust has reduced its holdings in Accenture PLC by 10.5%, selling 2,595 shares and bringing its total ownership to 22,161 shares valued at approximately $6.62 million.
• Accenture CEO Julie Spellman Sweet sold 2,251 shares at an average price of $282.45, which decreased her ownership in the company by over 21%.
• Accenture recently announced a dividend increase to $1.63 per share, up from $1.48, with a payout ratio of 48.72% and an annual yield of 2.6%.

Greenleaf Trust decreased its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 10.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,161 shares of the information technology services provider's stock after selling 2,595 shares during the period. Greenleaf Trust's holdings in Accenture were worth $6,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture in the first quarter worth $31,000. Inlight Wealth Management LLC acquired a new stake in Accenture in the 1st quarter valued at $32,000. WPG Advisers LLC purchased a new stake in shares of Accenture during the first quarter worth about $42,000. Atwood & Palmer Inc. lifted its position in shares of Accenture by 407.4% in the first quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider's stock valued at $43,000 after acquiring an additional 110 shares in the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in Accenture during the 1st quarter worth $43,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Insider Activity

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the sale, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela Beatty sold 203 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company's stock, valued at $1,482,002.66. This represents a 3.72% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,954 shares of company stock worth $834,280. Corporate insiders own 0.02% of the company's stock.

Accenture Stock Performance

NYSE:ACN opened at $247.07 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The business has a 50 day moving average price of $252.72 and a 200-day moving average price of $285.31. The firm has a market cap of $154.75 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the business posted $2.66 earnings per share. Accenture'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. Equities research analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently disclosed 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 is an increase from Accenture's previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 10th. Accenture's payout ratio is 48.72%.

Wall Street Analysts Forecast Growth

ACN has been the topic of several analyst reports. Wolfe Research reduced their price target on Accenture from $290.00 to $285.00 and set an "outperform" rating on the stock in a report on Tuesday, September 23rd. Cowen reiterated a "buy" rating on shares of Accenture in a report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Accenture from $302.00 to $290.00 and set an "overweight" rating for the company in a research report on Friday. TD Cowen cut their target price on shares of Accenture from $313.00 to $295.00 and set a "buy" rating on the stock in a research note on Friday. Finally, BNP Paribas Exane decreased their price target on Accenture from $300.00 to $255.00 and set a "neutral" rating for the company in a report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Accenture currently has a consensus rating of "Moderate Buy" and a consensus target price of $300.22.

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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