Accenture PLC $ACN Shares Sold by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co reduced its stake in shares of Accenture PLC (NYSE:ACN) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,609 shares of the information technology services provider’s stock after selling 177 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Accenture were worth $3,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Redwood Investments LLC grew its position in Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares during the last quarter. Truist Financial Corp lifted its stake in shares of 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 purchasing an additional 28,685 shares during the period. Lipe & Dalton lifted its stake in shares of 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 purchasing an additional 4,801 shares during the period. PDS Planning Inc lifted its stake in shares of Accenture by 34.7% in the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock valued at $1,212,000 after purchasing an additional 1,044 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Accenture by 6.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock worth $21,187,000 after acquiring an additional 4,281 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Performance

Shares of ACN stock opened at $243.50 on Tuesday. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. The company has a 50 day moving average price of $247.15 and a 200 day moving average price of $280.75. The firm has a market capitalization of $152.51 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 2.10 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 EPS for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same quarter in the prior year, the business posted $2.66 earnings per share. Accenture’s revenue for the quarter 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. Sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently declared 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. This represents a $6.52 annualized dividend and a yield of 2.7%. This is a positive change from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is currently 53.66%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ACN shares. Jefferies Financial Group restated a “hold” rating on shares of Accenture in a research report on Tuesday, September 30th. Stifel Nicolaus cut their price objective on shares of Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. BMO Capital Markets cut their price objective on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research report on Friday, September 26th. TD Cowen cut their price objective 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. Finally, Mizuho cut their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.