Checchi Capital Advisers LLC Sells 97 Shares of Accenture PLC $ACN

Checchi Capital Advisers LLC lessened its stake in Accenture PLC (NYSE:ACN) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 6,553 shares of the information technology services provider’s stock after selling 97 shares during the period. Checchi Capital Advisers LLC’s holdings in Accenture were worth $1,958,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Viawealth LLC lifted its holdings in shares of Accenture by 2.6% in the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock valued at $408,000 after purchasing an additional 33 shares in the last quarter. Aprio Wealth Management LLC increased its position in shares of Accenture by 2.1% during the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after acquiring an additional 33 shares during the last quarter. First National Advisers LLC increased its position in shares of Accenture by 0.4% during the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock valued at $2,939,000 after acquiring an additional 34 shares during the last quarter. TCTC Holdings LLC increased its position in shares of Accenture by 14.5% during the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock valued at $84,000 after acquiring an additional 34 shares during the last quarter. Finally, Spectrum Asset Management Inc. NB CA increased its position in shares of Accenture by 0.3% during the first quarter. Spectrum Asset Management Inc. NB CA now owns 11,777 shares of the information technology services provider’s stock valued at $3,675,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ACN. Mizuho decreased their price target on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft decreased their price target on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Argus set a $370.00 price target on Accenture in a research report on Tuesday, June 24th. JPMorgan Chase & Co. decreased their price target on Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Finally, Royal Bank Of Canada decreased their target price on Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.22.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer directly owned 8,109 shares of the company’s stock, valued at $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 203 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the transaction, the insider directly owned 5,249 shares of the company’s stock, valued at $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock valued at $834,280 over the last three months. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

NYSE:ACN opened at $245.39 on Friday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The business has a fifty day simple moving average of $249.57 and a two-hundred day simple moving average of $283.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. The company has a market capitalization of $153.69 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.14 and a beta of 1.28.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 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 analyst estimates of $17.34 billion. During the same period last year, the company earned $2.66 earnings per share. The business’s revenue for the quarter 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. On average, analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a $1.63 dividend. The ex-dividend date of this dividend 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 dividend yield of 2.7%. Accenture’s dividend payout ratio is 48.72%.

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.