Accenture PLC $ACN Stock Position Lowered by Metis Global Partners LLC

Metis Global Partners LLC decreased its position in Accenture PLC (NYSE:ACN) by 9.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 37,782 shares of the information technology services provider’s stock after selling 4,048 shares during the period. Metis Global Partners LLC’s holdings in Accenture were worth $11,293,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture during the first quarter valued at $31,000. RMG Wealth Management LLC purchased a new position in Accenture during the 2nd quarter valued at about $33,000. WPG Advisers LLC acquired a new position in shares of Accenture in the 1st quarter valued at about $42,000. Cheviot Value Management LLC purchased a new stake in shares of Accenture in the first quarter worth approximately $43,000. Finally, Fiduciary Wealth Partners LLC acquired a new stake in shares of Accenture during the first quarter worth approximately $45,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 5,917 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total value of $1,459,250.54. Following the sale, the chief executive officer owned 8,599 shares of the company’s stock, valued at $2,120,685.38. This trade represents a 40.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Manish Sharma sold 6,902 shares of the company’s 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 transaction, the insider 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 disclosure for this sale is available in the SEC filing. Insiders sold 33,319 shares of company stock worth $8,335,225 over the last ninety days. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen cut their target price 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. Mizuho dropped their price target on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Guggenheim cut their price objective on Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a report on Friday, September 26th. UBS Group lowered their target price on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Finally, Dbs Bank raised Accenture from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 27th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $294.25.

Accenture Stock Up 1.9%

Shares of ACN stock opened at $245.87 on Friday. The stock’s 50 day simple moving average is $245.69 and its 200 day simple moving average is $274.79. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $161.90 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.16 and a beta of 1.28.

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

Accenture Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 2.7%. Accenture’s payout ratio is 53.66%.

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.