State of New Jersey Common Pension Fund D Cuts Position in Accenture PLC $ACN

State of New Jersey Common Pension Fund D lessened its position in shares of Accenture PLC (NYSE:ACN) by 0.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 211,448 shares of the information technology services provider’s stock after selling 194 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Accenture were worth $63,200,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA purchased a new position in Accenture during the 1st quarter valued at approximately $31,000. RMG Wealth Management LLC purchased a new position in Accenture during the 2nd quarter valued at approximately $33,000. WPG Advisers LLC purchased a new position in Accenture during the 1st quarter valued at approximately $42,000. Cheviot Value Management LLC purchased a new position in shares of Accenture in the 1st quarter worth approximately $43,000. Finally, Fiduciary Wealth Partners LLC purchased a new position in shares of Accenture in the 1st quarter worth approximately $45,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the transaction, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction on 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 transaction, the insider directly 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 can be found here. In the last three months, insiders sold 18,402 shares of company stock valued at $4,595,374. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. HSBC dropped their target price on Accenture from $240.00 to $215.00 in a report on Friday, September 26th. JPMorgan Chase & Co. dropped their target price on Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a report on Friday, September 26th. UBS Group dropped their target price on Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a report on Friday. Finally, Wolfe Research boosted their price objective on Accenture from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $297.48.

Accenture Trading Down 0.8%

Shares of NYSE ACN opened at $247.93 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $247.27 and a two-hundred day simple moving average of $277.58. The firm has a market cap of $163.25 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35.

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, beating analysts’ consensus estimates of $2.98 by $0.05. The business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.Accenture’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is 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.