Accenture PLC $ACN Shares Sold by Davis Rea LTD.

Davis Rea LTD. decreased its holdings in Accenture PLC (NYSE:ACN) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,099 shares of the information technology services provider’s stock after selling 510 shares during the period. Accenture comprises approximately 2.0% of Davis Rea LTD.’s portfolio, making the stock its 14th largest position. Davis Rea LTD.’s holdings in Accenture were worth $8,100,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Redwood Investments LLC lifted its position in Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after acquiring an additional 1,287 shares during the last quarter. Truist Financial Corp lifted its position in Accenture by 7.0% in the second 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 last quarter. Lipe & Dalton lifted its position in Accenture by 2,087.4% in the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after acquiring an additional 4,801 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Accenture by 6.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock valued at $21,187,000 after acquiring an additional 4,281 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in Accenture by 40.5% in the first quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider’s stock valued at $30,777,000 after acquiring an additional 28,446 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Down 4.3%

Shares of Accenture stock opened at $241.11 on Friday. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The company’s 50-day simple moving average is $247.45 and its 200-day simple moving average is $281.57. The firm has a market cap of $151.01 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) 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 business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same period in the previous year, the business posted $2.66 earnings per share. The business’s revenue 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. As a group, equities research 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. Shareholders of record on Friday, October 10th will be given a dividend of $1.63 per share. The ex-dividend date is Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.7%. Accenture’s dividend payout ratio (DPR) is currently 48.72%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ACN. TD Cowen reduced their price target on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Evercore ISI set a $280.00 price target on shares of Accenture in a research report on Thursday, September 25th. Barclays dropped their price objective on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research note on Monday, June 23rd. The Goldman Sachs Group dropped their price objective on shares of Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Finally, Robert W. Baird dropped their price objective on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $300.22.

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.