Accenture PLC $ACN Shares Sold by Oarsman Capital Inc.

Oarsman Capital Inc. cut its holdings in shares of Accenture PLC (NYSE:ACN) by 2.1% during the second quarter, HoldingsChannel.com reports. The fund owned 2,371 shares of the information technology services provider’s stock after selling 51 shares during the period. Oarsman Capital Inc.’s holdings in Accenture were worth $709,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of Accenture by 36.2% in the fourth 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 last quarter. Ameritas Advisory Services LLC increased its stake in shares of Accenture by 10.2% in the 1st quarter. Ameritas Advisory Services LLC now owns 2,838 shares of the information technology services provider’s stock worth $963,000 after acquiring an additional 262 shares during the last quarter. Red Door Wealth Management LLC raised its holdings in shares of Accenture by 9.5% during the 1st quarter. Red Door Wealth Management LLC now owns 1,252 shares of the information technology services provider’s stock worth $391,000 after acquiring an additional 109 shares during the period. Smith Salley Wealth Management boosted its position in shares of Accenture by 1.4% during the 1st quarter. Smith Salley Wealth Management now owns 54,336 shares of the information technology services provider’s stock valued at $16,955,000 after acquiring an additional 774 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its holdings in shares of Accenture by 7.1% in the first quarter. Deseret Mutual Benefit Administrators now owns 2,608 shares of the information technology services provider’s stock valued at $814,000 after purchasing an additional 173 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ACN shares. Hsbc Global Res upgraded shares of Accenture to a “moderate sell” rating in a report on Monday, July 28th. Stifel Nicolaus lowered their price objective on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Cowen restated a “buy” rating on shares of Accenture in a research report on Friday, September 26th. Rothschild & Co Redburn boosted their price objective on shares of Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Finally, Morgan Stanley decreased their target price on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.48.

Insider Activity

In other news, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the sale, the insider directly owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. The trade was a 78.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction 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 is available in the SEC filing. In the last three months, insiders have sold 18,402 shares of company stock worth $4,595,374. 0.02% of the stock is currently owned by corporate insiders.

Accenture Trading Up 1.1%

Shares of ACN stock opened at $253.57 on Wednesday. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The company has a 50 day moving average price of $247.27 and a 200 day moving average price of $276.83. The stock has a market capitalization of $166.97 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42.

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, beating 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 company had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. During the same quarter last year, the company posted $2.66 EPS. The firm’s revenue 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 research analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

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

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.