Accenture PLC $ACN Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. reduced its holdings in Accenture PLC (NYSE:ACN) by 12.6% during the 2nd quarter, Holdings Channel reports. The fund owned 19,769 shares of the information technology services provider’s stock after selling 2,860 shares during the quarter. Praxis Investment Management Inc.’s holdings in Accenture were worth $5,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in ACN. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Accenture during the first quarter valued at $31,000. Inlight Wealth Management LLC acquired a new position in Accenture during the 1st quarter valued at about $32,000. RMG Wealth Management LLC acquired a new position in Accenture during the 2nd quarter valued at about $33,000. WPG Advisers LLC acquired a new position in shares of Accenture during the first quarter valued at approximately $42,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Accenture during the first quarter valued at approximately $43,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ACN shares. Royal Bank Of Canada lowered their price target on Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Stifel Nicolaus lowered their target price on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. HSBC lowered their target price on Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Guggenheim lowered their target price on Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Finally, Rothschild & Co Redburn lifted their price objective on shares of Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average price target of $300.22.

Accenture Trading Down 2.5%

NYSE ACN opened at $233.79 on Friday. Accenture PLC has a twelve month low of $229.40 and a twelve month 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 stock has a market cap of $146.43 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.09 and a beta of 1.28. The firm’s 50 day moving average price is $246.79 and its two-hundred day moving average price is $279.67.

Accenture (NYSE:ACN) last issued its quarterly 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. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter in the previous year, the company 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. Equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a dividend of $1.63 per share. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.8%. Accenture’s dividend payout ratio (DPR) is presently 53.66%.

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.