Keybank National Association OH Sells 8,005 Shares of Accenture PLC $ACN

Keybank National Association OH lowered its stake in shares of Accenture PLC (NYSE:ACN) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 290,588 shares of the information technology services provider’s stock after selling 8,005 shares during the period. Keybank National Association OH’s holdings in Accenture were worth $86,854,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in Accenture in the 1st quarter valued at $31,000. RMG Wealth Management LLC bought a new stake in Accenture in the 2nd quarter valued at $33,000. WPG Advisers LLC bought a new stake in Accenture in the 1st quarter valued at $42,000. Cheviot Value Management LLC bought a new stake in Accenture in the 1st quarter valued at $43,000. Finally, Fiduciary Wealth Partners LLC bought a new stake in Accenture in the 1st quarter valued at $45,000. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ACN shares. Wells Fargo & Company started coverage on Accenture in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $251.00 price target on the stock. Cowen restated a “buy” rating on shares of Accenture in a research note on Friday, September 26th. JPMorgan Chase & Co. dropped their price target on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. 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. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $294.25.

Accenture Stock Down 2.1%

ACN stock opened at $248.01 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $163.31 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.21 and a beta of 1.28. The business’s fifty day moving average price is $247.13 and its two-hundred day moving average price is $276.58. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.05. The company 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%.Accenture’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This is an increase from Accenture’s previous quarterly dividend of $1.48. 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%. Accenture’s payout ratio is currently 53.66%.

Insider Transactions at Accenture

In other news, insider Manish Sharma sold 6,902 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This represents a 78.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the sale, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 18,402 shares of company stock valued at $4,595,374. 0.02% of the stock is owned by corporate insiders.

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.