Montag A & Associates Inc. Trims Position in Accenture PLC $ACN

Montag A & Associates Inc. decreased its holdings in shares of Accenture PLC (NYSE:ACN) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,570 shares of the information technology services provider’s stock after selling 865 shares during the period. Montag A & Associates Inc.’s holdings in Accenture were worth $3,159,000 at the end of the most recent quarter.

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

Accenture Stock Performance

NYSE ACN opened at $242.57 on Wednesday. The business has a 50 day moving average price of $245.10 and a 200 day moving average price of $273.93. The company has a market capitalization of $159.72 billion, a P/E ratio of 19.96, a PEG ratio of 2.16 and a beta of 1.28. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.05. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.Accenture’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Sell-side analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.63 per share. The ex-dividend date is Friday, October 10th. This is an increase 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%. Accenture’s dividend payout ratio (DPR) is presently 53.66%.

Analysts Set New Price Targets

ACN has been the topic of a number of recent analyst reports. TD Cowen dropped their price target on shares of Accenture from $313.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Robert W. Baird cut their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Morgan Stanley decreased their price target on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 9th. JPMorgan Chase & Co. dropped their price objective on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. Finally, Susquehanna reduced their target price on Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average target price of $294.25.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 5,917 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total value of $1,459,250.54. Following the sale, the chief executive officer directly owned 8,599 shares in the company, valued at $2,120,685.38. This represents a 40.76% decrease in their ownership of the stock. The transaction 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 transaction, the insider owned 1,860 shares of the company’s stock, valued at $465,018.60. This represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,319 shares of company stock valued at $8,335,225 over the last quarter. Corporate insiders own 0.02% of the company’s stock.

Accenture 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.