Accenture PLC $ACN Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. trimmed its position in shares of Accenture PLC (NYSE:ACN) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,391 shares of the information technology services provider’s stock after selling 254 shares during the quarter. Grimes & Company Inc.’s holdings in Accenture were worth $19,844,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Three Bridge Wealth Advisors LLC boosted its position in Accenture by 24.9% during the second quarter. Three Bridge Wealth Advisors LLC now owns 3,123 shares of the information technology services provider’s stock worth $933,000 after purchasing an additional 622 shares in the last quarter. Merit Financial Group LLC boosted its position in Accenture by 16.5% during the second quarter. Merit Financial Group LLC now owns 17,849 shares of the information technology services provider’s stock worth $5,335,000 after purchasing an additional 2,527 shares in the last quarter. IVC Wealth Advisors LLC boosted its position in Accenture by 12.7% during the second quarter. IVC Wealth Advisors LLC now owns 780 shares of the information technology services provider’s stock worth $233,000 after purchasing an additional 88 shares in the last quarter. Marietta Wealth Management LLC boosted its position in Accenture by 5.2% during the second quarter. Marietta Wealth Management LLC now owns 24,148 shares of the information technology services provider’s stock worth $7,218,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its position in Accenture by 109.8% during the second quarter. Simplicity Wealth LLC now owns 17,409 shares of the information technology services provider’s stock worth $5,203,000 after purchasing an additional 9,111 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Beatty sold 203 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the transaction, the insider owned 5,249 shares in the company, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is owned by company insiders.

Accenture Stock Performance

NYSE ACN opened at $245.39 on Monday. The business’s 50-day moving average price is $249.57 and its 200 day moving average price is $283.24. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a market capitalization of $153.69 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.14 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

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

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is currently 48.72%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ACN. Wall Street Zen upgraded Accenture from a “hold” rating to a “buy” rating in a research report on Friday. Mizuho decreased their price objective on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Cowen reaffirmed a “buy” rating on shares of Accenture in a research note on Friday, September 26th. Benchmark reaffirmed a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. Finally, Morgan Stanley decreased their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $300.22.

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.