Parkside Financial Bank & Trust Sells 1,355 Shares of Accenture PLC $ACN

Parkside Financial Bank & Trust cut its position in shares of Accenture PLC (NYSE:ACN) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,058 shares of the information technology services provider’s stock after selling 1,355 shares during the period. Accenture makes up 1.5% of Parkside Financial Bank & Trust’s portfolio, making the stock its 15th largest holding. Parkside Financial Bank & Trust’s holdings in Accenture were worth $14,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Accenture during the first quarter valued at approximately $31,000. RMG Wealth Management LLC bought a new position in Accenture in the 2nd quarter valued at $33,000. WPG Advisers LLC bought a new stake in shares of Accenture during the first quarter worth $42,000. Cheviot Value Management LLC purchased a new stake in shares of Accenture during the first quarter valued at $43,000. Finally, Fiduciary Wealth Partners LLC bought a new position in shares of Accenture in the first quarter worth about $45,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACN has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. TD Cowen lowered their price target on Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a report on Friday, September 26th. Morgan Stanley reduced their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Royal Bank Of Canada lowered their target price on Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Finally, Guggenheim cut their price target on Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

Accenture Trading Up 1.9%

ACN opened at $245.87 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a market cap of $161.90 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.16 and a beta of 1.28. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The stock has a fifty day moving average price of $245.69 and a 200-day moving average price of $274.79.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.05. The company had revenue of $17.60 billion for 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%.The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.66 earnings per share. 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 fiscal year.

Accenture Increases Dividend

The company 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. 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. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. Accenture’s dividend payout ratio is currently 53.66%.

Insiders Place Their Bets

In other news, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the transaction, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the firm’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 sale, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. The trade was a 78.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is currently owned by insiders.

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.