Cromwell Holdings LLC Lowers Stake in Accenture PLC $ACN

Cromwell Holdings LLC reduced its holdings in shares of Accenture PLC (NYSE:ACN) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,902 shares of the information technology services provider’s stock after selling 136 shares during the period. Cromwell Holdings LLC’s holdings in Accenture were worth $568,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Hilltop National Bank purchased a new position in Accenture during the 2nd quarter worth $459,000. Triad Wealth Partners LLC boosted its holdings in shares of Accenture by 10.3% in the second quarter. Triad Wealth Partners LLC now owns 761 shares of the information technology services provider’s stock valued at $227,000 after acquiring an additional 71 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 in the last quarter. Jmac Enterprises LLC purchased a new stake in shares of Accenture in the second quarter valued at about $375,000. Finally, Syntax Research Inc. purchased a new stake in shares of Accenture in the second quarter valued at about $1,990,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the completion of the sale, the insider directly owned 5,249 shares in the company, valued at $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, the chief executive officer owned 8,109 shares of the company’s stock, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock worth $834,280 over the last ninety days. 0.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ACN. Cowen reaffirmed a “buy” rating on shares of Accenture in a report on Friday, September 26th. Rothschild Redb downgraded shares of Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Royal Bank Of Canada reduced their price objective on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Barclays reduced their price objective on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a research note on Monday, June 23rd. Finally, Argus set a $370.00 price objective on shares of Accenture in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $300.22.

Accenture Stock Performance

Shares of ACN opened at $244.58 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market cap of $153.19 billion, a P/E ratio of 20.13, a PEG ratio of 2.12 and a beta of 1.28. The company has a 50-day moving average of $250.32 and a two-hundred day moving average of $284.19. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35.

Accenture (NYSE:ACN) last announced its 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. The company had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. 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 business posted $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, research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend 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 payout ratio is presently 48.72%.

About Accenture

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.