Transcend Capital Advisors LLC Cuts Stake in Accenture PLC $ACN

Transcend Capital Advisors LLC trimmed its position in shares of Accenture PLC (NYSE:ACN) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,610 shares of the information technology services provider’s stock after selling 882 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Accenture were worth $3,171,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of Accenture by 18.8% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 2,523 shares of the information technology services provider’s stock valued at $754,000 after acquiring an additional 400 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Accenture by 2.7% during the 2nd quarter. Bessemer Group Inc. now owns 34,673 shares of the information technology services provider’s stock valued at $10,365,000 after acquiring an additional 913 shares during the last quarter. CCLA Investment Management boosted its holdings in shares of Accenture by 6.4% during the 2nd quarter. CCLA Investment Management now owns 270,194 shares of the information technology services provider’s stock valued at $80,690,000 after acquiring an additional 16,184 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Accenture by 9.6% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 26,662 shares of the information technology services provider’s stock valued at $7,969,000 after acquiring an additional 2,339 shares during the last quarter. Finally, Solstein Capital LLC boosted its holdings in shares of Accenture by 1,850.0% during the 2nd quarter. Solstein Capital LLC now owns 195 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity

In related news, 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 completion of the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the transaction, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,402 shares of company stock worth $4,595,374 over the last quarter. Insiders own 0.02% of the company’s stock.

Accenture Trading Down 0.8%

Accenture stock opened at $247.93 on Monday. The stock has a market cap of $163.25 billion, a P/E ratio of 20.41, a PEG ratio of 2.16 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The firm’s 50 day moving average price is $247.27 and its 200-day moving average price is $277.39.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion for 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 company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last 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. On average, equities analysts predict that Accenture PLC will post 12.73 earnings per share 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 given a dividend of $1.63 per share. The ex-dividend date is Friday, October 10th. 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 2.6%. Accenture’s dividend payout ratio (DPR) is 53.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ACN. JPMorgan Chase & Co. lowered their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. BMO Capital Markets decreased their price target on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research report on Friday, September 26th. HSBC decreased their price target on shares of Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. Stifel Nicolaus decreased their price target on shares of Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Finally, Citigroup upgraded shares of Accenture to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $297.48.

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.