Rep. Kelly Morrison Sells Accenture PLC (NYSE:ACN) Stock

Key Points

• Representative Kelly Morrison sold shares of Accenture PLC (NYSE:ACN) worth between $15,001 and $50,000 on August 19th, as disclosed in a filing on September 11th.
• Accenture's stock has experienced a decline, trading down 2.3% to $238.55, while analysts maintain a consensus rating of "Moderate Buy" with a target price averaging around $346.92.
• Institutional investors own 75.14% of Accenture's stock, with several hedge funds acquiring new stakes in the company over recent quarters.

Representative Kelly Morrison (D-Minnesota) recently sold shares of Accenture PLC NYSE: ACN. In a filing disclosed on September 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Accenture stock on August 19th. The trade occurred in the Representative's "TRUST 2" account.

Representative Kelly Morrison also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Verizon Communications NYSE: VZ on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 8/19/2025.
• Sold $15,001 - $50,000 in shares of Thermo Fisher Scientific NYSE: TMO on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Thermo Fisher Scientific NYSE: TMO on 8/19/2025.

Accenture Stock Down 1.8%

ACN traded down $4.36 during trading hours on Friday, hitting $235.19. 3,338,855 shares of the company's stock were exchanged, compared to its average volume of 3,623,531. The stock has a market cap of $147.30 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.08 and a beta of 1.29. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock's 50-day moving average is $258.54 and its two-hundred day moving average is $290.52. Accenture PLC has a 1-year low of $234.18 and a 1-year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.13 earnings per share. Sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ACN. Mpwm Advisory Solutions LLC bought a new stake in Accenture during the 4th quarter valued at $30,000. Park Square Financial Group LLC bought a new stake in Accenture during the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Accenture during the 4th quarter valued at $34,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in Accenture during the 1st quarter valued at $31,000. Finally, Inlight Wealth Management LLC bought a new stake in Accenture during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 203 shares of the company'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 $57,315.02. Following the completion of the sale, the insider owned 5,249 shares in the company, valued at $1,482,002.66. This represents a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the sale, the chief executive officer owned 8,109 shares of the company's stock, 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 sold a total of 2,954 shares of company stock worth $834,280 in the last quarter. 0.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Guggenheim cut their price target on shares of Accenture from $335.00 to $305.00 and set a "buy" rating for the company in a research note on Wednesday. Evercore ISI assumed coverage on shares of Accenture in a research note on Thursday, July 17th. They issued an "outperform" rating and a $330.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of Accenture from $290.00 to $260.00 and set a "hold" rating for the company in a research note on Thursday, September 11th. Susquehanna dropped their price objective on shares of Accenture from $330.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, BMO Capital Markets dropped their price objective on shares of Accenture from $355.00 to $325.00 and set a "market perform" rating on the stock in a research report on Monday, June 23rd. One 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $335.13.

About Representative Morrison

Kelly Morrison (Democratic Party) is a member of the U.S. House, representing Minnesota's 3rd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Morrison (Democratic Party) is running for re-election to the U.S. House to represent Minnesota's 3rd Congressional District. She declared candidacy for the 2026 election. Kelly Morrison was born in Minneapolis, Minnesota, and lives in Deephaven. Morrison earned a B.A. in history from Yale University and an M.D. from Case Western Reserve University. She completed her residency in obstetrics and gynecology at Northwestern University. Morrison's career experience includes working as a physician.

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.