Cobblestone Capital Advisors LLC NY Buys 400 Shares of Accenture PLC $ACN

Cobblestone Capital Advisors LLC NY raised its stake in Accenture PLC (NYSE:ACN) by 18.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,523 shares of the information technology services provider’s stock after purchasing an additional 400 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Accenture were worth $754,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ACN. Vanguard Group Inc. grew its position in shares of Accenture by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after acquiring an additional 3,419,577 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Accenture by 63.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after buying an additional 3,490,569 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Accenture by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock worth $2,111,378,000 after acquiring an additional 228,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Accenture by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock valued at $1,923,225,000 after acquiring an additional 126,548 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Accenture by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock valued at $1,600,470,000 after purchasing an additional 164,573 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction that occurred 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 owned 23,516 shares in the company, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. The trade was a 64.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,402 shares of company stock worth $4,595,374 in the last quarter. 0.02% of the stock is owned by insiders.

Accenture Price Performance

Shares of ACN stock opened at $251.03 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a market cap of $165.29 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.16 and a beta of 1.28. The business has a fifty day simple moving average of $247.31 and a 200 day simple moving average of $277.05.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $17.34 billion. During the same quarter in the prior year, the business earned $2.66 earnings per share. The business’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. On average, sell-side analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.63 dividend. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a yield of 2.6%. Accenture’s dividend payout ratio (DPR) is 53.66%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Guggenheim reduced their target price on shares of Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a report on Friday, September 26th. Stifel Nicolaus reduced their target price 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 report on Friday, September 26th. Royal Bank Of Canada lowered their target price on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Finally, Cowen reiterated a “buy” rating on shares of Accenture in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $297.48.

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.