Tredje AP fonden Lowers Stock Holdings in Accenture PLC $ACN

Tredje AP fonden cut its holdings in shares of Accenture PLC (NYSE:ACN) by 21.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 218,767 shares of the information technology services provider’s stock after selling 58,330 shares during the quarter. Tredje AP fonden’s holdings in Accenture were worth $65,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gilbert & Cook Inc. acquired a new position in shares of Accenture during the 2nd quarter valued at about $362,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Accenture in the second quarter worth approximately $71,000. Plato Investment Management Ltd grew its holdings in Accenture by 7.1% in the second quarter. Plato Investment Management Ltd now owns 17,806 shares of the information technology services provider’s stock valued at $5,303,000 after purchasing an additional 1,185 shares during the period. Kesler Norman & Wride LLC grew its stake in shares of Accenture by 1.7% during the 2nd quarter. Kesler Norman & Wride LLC now owns 21,971 shares of the information technology services provider’s stock valued at $6,567,000 after buying an additional 374 shares during the period. Finally, Hills Bank & Trust Co grew its position in Accenture by 16.2% during the second quarter. Hills Bank & Trust Co now owns 4,134 shares of the information technology services provider’s stock valued at $1,236,000 after acquiring an additional 577 shares during the period. Hedge funds and other institutional investors 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 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 in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 27,402 shares of company stock valued at $6,875,974. Insiders own 0.02% of the company’s stock.

Accenture Trading Up 0.5%

NYSE ACN opened at $250.44 on Friday. The stock has a market cap of $164.91 billion, a P/E ratio of 20.61, a PEG ratio of 2.16 and a beta of 1.28. The company’s fifty day simple moving average is $246.87 and its 200-day simple moving average is $276.03. 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 52 week low of $229.40 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating 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 business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the business earned $2.66 EPS. The business’s revenue was up 7.3% on a year-over-year basis. 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 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. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. This is a positive change from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture’s payout ratio is presently 53.66%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ACN. Evercore ISI set a $280.00 price objective on Accenture in a report on Thursday, September 25th. Royal Bank Of Canada dropped their target price on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Hsbc Global Res raised shares of Accenture to a “moderate sell” rating in a research report on Monday, July 28th. TD Cowen dropped their price objective on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, Morgan Stanley cut 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 note on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $294.25.

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.