Teacher Retirement System of Texas Sells 117,462 Shares of Accenture PLC $ACN

Teacher Retirement System of Texas cut its holdings in Accenture PLC (NYSE:ACN) by 33.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 236,002 shares of the information technology services provider’s stock after selling 117,462 shares during the quarter. Teacher Retirement System of Texas’ holdings in Accenture were worth $70,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ACN. Brighton Jones LLC grew its position in shares of Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in shares of Accenture in the 1st quarter valued at approximately $221,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Accenture by 17.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,606 shares of the information technology services provider’s stock valued at $19,744,000 after purchasing an additional 9,928 shares during the period. 3Chopt Investment Partners LLC acquired a new position in shares of Accenture in the 1st quarter valued at approximately $592,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Accenture by 12.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 291,871 shares of the information technology services provider’s stock valued at $91,525,000 after purchasing an additional 32,712 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the sale, the chief executive officer owned 23,516 shares of the company’s stock, valued at $5,868,888.12. This trade represents a 27.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. This represents a 78.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,402 shares of company stock valued at $4,595,374. 0.02% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACN. BNP Paribas Exane decreased their price objective on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. BMO Capital Markets decreased their price target on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research note on Friday, September 26th. Wells Fargo & Company initiated coverage on shares of Accenture in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Finally, UBS Group decreased their price target on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.48.

Accenture Trading Down 0.8%

NYSE ACN opened at $247.93 on Monday. The company has a market cap of $163.25 billion, a PE ratio of 20.41, a PEG ratio of 2.16 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The stock has a 50 day moving average of $247.27 and a 200-day moving average of $277.39.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.98 by $0.05. The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities research analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 10th. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 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.