Integrated Investment Consultants LLC Sells 3,148 Shares of Accenture PLC $ACN

Integrated Investment Consultants LLC reduced its position in Accenture PLC (NYSE:ACN) by 64.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,733 shares of the information technology services provider’s stock after selling 3,148 shares during the period. Integrated Investment Consultants LLC’s holdings in Accenture were worth $518,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC raised its position in Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares during the last quarter. Core Wealth Partners LLC grew its stake in shares of Accenture by 5.6% in the first quarter. Core Wealth Partners LLC now owns 845 shares of the information technology services provider’s stock worth $264,000 after acquiring an additional 45 shares during the period. Iyo Bank Ltd. raised its holdings in shares of Accenture by 72.3% during the first quarter. Iyo Bank Ltd. now owns 25,738 shares of the information technology services provider’s stock valued at $8,031,000 after purchasing an additional 10,800 shares during the last quarter. Rathbones Group PLC boosted its holdings in Accenture by 9.9% in the first quarter. Rathbones Group PLC now owns 1,185,243 shares of the information technology services provider’s stock worth $369,843,000 after purchasing an additional 106,915 shares during the last quarter. Finally, Prudential PLC raised its stake in Accenture by 4.0% during the 1st quarter. Prudential PLC now owns 46,620 shares of the information technology services provider’s stock valued at $14,547,000 after buying an additional 1,784 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the transaction, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ACN shares. JPMorgan Chase & Co. lowered their target price on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Citigroup upgraded Accenture to a “hold” rating in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada lowered their price objective on Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $294.25.

Accenture Stock Performance

NYSE:ACN opened at $269.81 on Wednesday. The stock has a 50-day moving average price of $248.86 and a 200 day moving average price of $265.74. The company has a current ratio of 1.42, a quick ratio of 1.42 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 stock has a market capitalization of $177.66 billion, a P/E ratio of 22.21, a P/E/G ratio of 2.53 and a beta of 1.26.

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

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 10th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is presently 53.66%.

Accenture 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.