Mirabaud Asset Management Ltd Sells 4,566 Shares of Accenture PLC $ACN

Mirabaud Asset Management Ltd lessened its stake in Accenture PLC (NYSE:ACN) by 47.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,090 shares of the information technology services provider’s stock after selling 4,566 shares during the period. Mirabaud Asset Management Ltd’s holdings in Accenture were worth $1,504,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. 1ST Source Bank lifted its holdings in Accenture by 3.2% in the second quarter. 1ST Source Bank now owns 1,589 shares of the information technology services provider’s stock valued at $475,000 after buying an additional 50 shares during the period. Sound View Wealth Advisors Group LLC raised its position in shares of Accenture by 30.2% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 1,764 shares of the information technology services provider’s stock valued at $527,000 after acquiring an additional 409 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of Accenture by 11.4% in the 2nd quarter. Rathbones Group PLC now owns 1,320,274 shares of the information technology services provider’s stock valued at $394,617,000 after purchasing an additional 135,031 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in shares of Accenture by 5.8% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 7,145 shares of the information technology services provider’s stock worth $2,136,000 after purchasing an additional 389 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Accenture by 4.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,310,628 shares of the information technology services provider’s stock worth $989,514,000 after purchasing an additional 129,208 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accenture

In related news, insider Manish Sharma sold 6,902 shares of the business’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 completion of 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 5,917 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 8,599 shares in the company, valued at approximately $2,120,685.38. This trade represents a 40.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,319 shares of company stock valued at $8,335,225 in the last quarter. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

NYSE ACN opened at $245.87 on Friday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The firm has a market capitalization of $161.90 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The firm’s fifty day moving average price is $245.69 and its two-hundred day moving average price is $274.72. 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 (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 the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter last year, the firm posted $2.66 EPS. The company’s quarterly 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 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 given a dividend of $1.63 per share. 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 2.7%. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s payout ratio is 53.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Robert W. Baird reduced their price objective on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. TD Cowen lowered their target price on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research note on Friday, September 26th. The Goldman Sachs Group cut their target price on shares of Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Finally, Royal Bank Of Canada decreased their price target on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.