Retirement Systems of Alabama Lowers Holdings in Accenture PLC $ACN

Retirement Systems of Alabama lowered its position in Accenture PLC (NYSE:ACN) by 0.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,332 shares of the information technology services provider’s stock after selling 76 shares during the quarter. Retirement Systems of Alabama’s holdings in Accenture were worth $40,150,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture in the 1st quarter valued at about $31,000. RMG Wealth Management LLC bought a new position in shares of Accenture in the second quarter worth approximately $33,000. WPG Advisers LLC bought a new stake in Accenture during the first quarter valued at approximately $42,000. Cheviot Value Management LLC purchased a new position in Accenture in the 1st quarter worth approximately $43,000. Finally, Fiduciary Wealth Partners LLC bought a new position in shares of Accenture in the 1st quarter worth $45,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

Shares of NYSE:ACN opened at $249.16 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $247.03 and a 200-day moving average price of $276.39. The company has a market cap of $164.07 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) 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 company 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 business earned $2.66 EPS. Accenture’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. As a group, equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

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

Insider Buying and Selling at Accenture

In related news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the transaction, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction that occurred 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 in the company, valued at approximately $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 27,402 shares of company stock valued at $6,875,974. 0.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ACN has been the subject of several research reports. Wolfe Research upped their target price on shares of Accenture from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. BMO Capital Markets cut their price objective on Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a report on Friday, September 26th. Wells Fargo & Company initiated coverage on Accenture in a report on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 price objective on the stock. Susquehanna cut their target price on Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, September 18th. Finally, Evercore ISI set a $280.00 price target on shares of Accenture in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average price target of $294.25.

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.