US Bancorp DE Cuts Stock Holdings in Accenture PLC $ACN

US Bancorp DE lessened its stake in Accenture PLC (NYSE:ACN - Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,096,904 shares of the information technology services provider's stock after selling 10,216 shares during the quarter. US Bancorp DE owned approximately 0.18% of Accenture worth $327,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Viawealth LLC raised its stake in shares of Accenture by 2.6% during the first 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 raised its stake in shares of Accenture by 2.1% during 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 last quarter. First National Advisers LLC raised its position in Accenture by 0.4% in 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 in the last quarter. TCTC Holdings LLC raised its position in Accenture by 14.5% in the first 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 raised its position in 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 worth $3,675,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Wall Street Analyst Weigh In

ACN has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price target on Accenture from $325.00 to $270.00 and set a "market perform" rating for the company in a research report on Friday, September 26th. Rothschild Redb cut Accenture from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Cowen restated a "buy" rating on shares of Accenture in a research report on Friday, September 26th. Mizuho dropped their price target on Accenture from $348.00 to $309.00 and set an "outperform" rating for the company in a research report on Monday, September 29th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Accenture in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $300.22.

Accenture Stock Up 0.8%

Shares of NYSE:ACN opened at $253.17 on Thursday. The stock's 50-day moving average price is $248.02 and its two-hundred day moving average price is $282.42. 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 12-month low of $229.40 and a 12-month high of $398.35. The firm 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.05. The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 dividend yield of 2.6%. This is an increase from Accenture's previous quarterly dividend of $1.48. Accenture's dividend payout ratio is presently 48.72%.

Insider Activity

In other news, CEO Mauro Macchi sold 500 shares of Accenture 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 transaction, the chief executive officer directly owned 2,283 shares of the company's stock, valued at $644,582.22. The trade was a 17.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business's 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 directly owned 8,109 shares in the company, 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. Insiders have sold 2,954 shares of company stock valued at $834,280 in the last three months. Corporate insiders own 0.02% of the company's stock.

Accenture Company 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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