Quent Capital LLC Has $863,000 Position in Accenture PLC $ACN

Quent Capital LLC cut its holdings in shares of Accenture PLC (NYSE:ACN) by 1.9% in the second quarter, Holdings Channel reports. The institutional investor owned 2,886 shares of the information technology services provider’s stock after selling 57 shares during the quarter. Quent Capital LLC’s holdings in Accenture were worth $863,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Accenture during the first quarter worth approximately $31,000. Inlight Wealth Management LLC acquired a new position in shares of Accenture during the first quarter worth approximately $32,000. WPG Advisers LLC acquired a new position in shares of Accenture during the first quarter worth approximately $42,000. Atwood & Palmer Inc. lifted its holdings 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 acquired a new position in shares of Accenture during the first quarter worth approximately $43,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price target on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a report on Friday, September 26th. Morgan Stanley lowered their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 9th. Wall Street Zen upgraded Accenture from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Finally, Robert W. Baird lowered their price objective on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $300.22.

Accenture Stock Performance

Shares of NYSE:ACN opened at $245.39 on Friday. The business’s fifty day moving average price is $249.57 and its two-hundred day moving average price is $283.65. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The stock has a market capitalization of $153.69 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The firm had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is a boost 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%.

Insider Activity

In other news, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares of the company’s stock, valued at $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction on Friday, July 11th. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 over the last 90 days. 0.02% of the stock is owned by company insiders.

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.