Zevin Asset Management LLC Sells 812 Shares of Accenture PLC $ACN

Zevin Asset Management LLC lowered its stake in Accenture PLC (NYSE:ACN) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,043 shares of the information technology services provider’s stock after selling 812 shares during the quarter. Zevin Asset Management LLC’s holdings in Accenture were worth $9,577,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truist Financial Corp lifted its position in shares of Accenture by 7.0% during the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after acquiring an additional 28,685 shares during the period. Redwood Investments LLC increased its holdings in Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares in the last quarter. Lipe & Dalton raised its holdings in Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after buying an additional 4,801 shares during the last quarter. PDS Planning Inc raised its stake in shares of Accenture by 34.7% during the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock valued at $1,212,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Accenture by 6.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock worth $21,187,000 after buying an additional 4,281 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In related news, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the transaction, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the sale, the insider owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is currently owned by corporate insiders.

Accenture Stock Performance

Shares of NYSE ACN opened at $241.09 on Friday. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The business’s 50 day moving average is $245.97 and its two-hundred day moving average is $275.02. The company has a market cap of $158.75 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.16 and a beta of 1.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last posted its quarterly 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. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the business posted $2.66 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. Accenture’s dividend payout ratio (DPR) is presently 53.66%.

Analyst Ratings Changes

A number of brokerages have commented on ACN. HSBC cut their price target on shares of Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. Stifel Nicolaus cut their price target on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a report on Friday, September 26th. Robert W. Baird lowered their price objective on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, Wall Street Zen downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $294.25.

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.