Accenture PLC $ACN Shares Sold by Conning Inc.

Conning Inc. decreased its holdings in Accenture PLC (NYSE:ACN) by 3.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,889 shares of the information technology services provider’s stock after selling 138 shares during the quarter. Conning Inc.’s holdings in Accenture were worth $1,162,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Viawealth LLC raised its holdings in shares of Accenture by 2.6% during the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock valued at $408,000 after acquiring an additional 33 shares during the last quarter. Aprio Wealth Management LLC raised its holdings in shares of Accenture by 2.1% during the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after acquiring an additional 33 shares during the last quarter. First National Advisers LLC raised its holdings in shares of Accenture by 0.4% during the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock valued at $2,939,000 after acquiring an additional 34 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Accenture by 14.5% during the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock valued at $84,000 after acquiring an additional 34 shares during the last quarter. Finally, Texas Bank & Trust Co raised its holdings in shares of Accenture by 0.4% during the first quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock valued at $2,553,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ACN shares. Robert W. Baird reduced their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a research report on Saturday. Rothschild Redb lowered Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Hsbc Global Res upgraded Accenture to a “moderate sell” rating in a research report on Monday, July 28th. Finally, Guggenheim dropped their price target on Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $300.22.

Accenture Trading Down 4.3%

ACN 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 business has a fifty day simple moving average of $247.45 and a 200-day simple moving average of $281.57. The firm has a market cap of $151.01 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.19 and a beta of 1.28. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS 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 business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the business posted $2.66 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current 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 given a dividend of $1.63 per share. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is 48.72%.

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.