Accenture PLC $ACN Holdings Trimmed by Inscription Capital LLC

Inscription Capital LLC lessened its holdings in Accenture PLC (NYSE:ACN) by 53.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,398 shares of the information technology services provider’s stock after selling 4,979 shares during the quarter. Inscription Capital LLC’s holdings in Accenture were worth $807,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ACN. Bank of America Corp DE increased its holdings in shares of Accenture by 2.2% in the 1st quarter. Bank of America Corp DE now owns 6,531,231 shares of the information technology services provider’s stock valued at $1,295,078,000 after purchasing an additional 143,483 shares during the period. Pzena Investment Management LLC grew its position in Accenture by 17.7% during the third quarter. Pzena Investment Management LLC now owns 6,054,682 shares of the information technology services provider’s stock valued at $1,110,247,000 after purchasing an additional 912,506 shares in the last quarter. First Trust Advisors LP grew its position in Accenture by 120.0% during the first quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock valued at $690,475,000 after purchasing an additional 1,899,305 shares in the last quarter. Flossbach Von Storch SE acquired a new position in Accenture in the 2nd quarter valued at approximately $309,873,000. Finally, The Manufacturers Life Insurance Company lifted its position in Accenture by 24.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,384,954 shares of the information technology services provider’s stock worth $472,913,000 after buying an additional 466,452 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their price target on shares of Accenture from $175.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, October 2nd. Susquehanna increased their price objective on Accenture from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. Wolfe Research boosted their target price on Accenture from $165.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. BMO Capital Markets set a $235.00 target price on Accenture in a research report on Friday, October 2nd. Finally, Argus boosted their price target on Accenture from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Ten equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $221.07.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture and Mondelēz International are applying agentic AI to redesign Mondelēz’s global order-to-cash operations, including ordering, invoicing and collections. The project showcases demand for Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
• Positive Sentiment: A valuation analysis says ACN trades at about 18 times forward earnings, below its 10-year average of 24 times, even after a strong recent rally. That could appeal to investors who see room for the valuation to recover. Accenture’s valuation analysis
• Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his direct holdings by about 62.5%. The sale was made under a pre-arranged Rule 10b5-1 plan, so it is not necessarily a signal about his outlook for the company. Accenture CEO share sale
• Negative Sentiment: Accenture fell even as the market rose, indicating relative weakness in the session. The report describes the decline but does not point to a specific company catalyst. Accenture stock underperforms as the market gains

Insider Activity at Accenture

In other news, CEO Julie Sweet acquired 12,200 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was acquired at an average cost of $245.99 per share, with a total value of $3,001,078.00. Following the acquisition, the chief executive officer owned 48,910 shares in the company, valued at approximately $12,031,370.90. This represents a 33.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Melissa A. Burgum sold 811 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $250.00, for a total transaction of $202,750.00. Following the completion of the transaction, the chief accounting officer owned 9,820 shares in the company, valued at $2,455,000. The trade was a 7.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 18,675 shares of company stock valued at $4,747,563. 0.02% of the stock is owned by company insiders.

Accenture Stock Down 1.8%

NYSE:ACN traded down $4.80 during trading hours on Friday, reaching $260.36. The company’s stock had a trading volume of 4,262,459 shares, compared to its average volume of 6,775,025. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $153.89 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Accenture PLC has a one year low of $118.15 and a one year high of $291.09. The business’s 50-day moving average is $210.35 and its 200-day moving average is $191.91.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.11. The company had revenue of $18.68 billion for the quarter, compared to analyst estimates of $18.03 billion. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Equities research analysts predict that Accenture PLC will post 14.68 EPS for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This is an increase from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 2.6%. Accenture’s dividend payout ratio (DPR) is currently 50.44%.

Accenture Profile

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions.

The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.

Accenture traces its roots to the consulting business of accounting firm Arthur Andersen.