32,412 Shares in Accenture PLC $ACN Bought by Midwest Trust Co

Midwest Trust Co bought a new stake in Accenture PLC (NYSE:ACN) in the second quarter, HoldingsChannel reports. The fund bought 32,412 shares of the information technology services provider’s stock, valued at approximately $9,688,000.

Other hedge funds also recently modified their holdings of the company. Viawealth LLC increased its stake in Accenture by 2.6% during the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock worth $408,000 after purchasing an additional 33 shares in the last quarter. Aprio Wealth Management LLC lifted its stake in Accenture by 2.1% in 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 buying an additional 33 shares in the last quarter. First National Advisers LLC boosted its holdings in shares of Accenture by 0.4% in 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 buying an additional 34 shares during the period. TCTC Holdings LLC raised its holdings 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 worth $84,000 after acquiring an additional 34 shares during the period. Finally, Texas Bank & Trust Co lifted its position in Accenture by 0.4% in the 1st quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock valued at $2,553,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group lowered their target price on Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a report on Friday, September 26th. Wells Fargo & Company initiated coverage on Accenture in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 price objective for the company. UBS Group dropped their target price on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Cowen reaffirmed a “buy” rating on shares of Accenture in a research note on Friday, September 26th. One research 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

Accenture Stock Performance

Shares of ACN stock opened at $245.87 on Monday. The company has a fifty day moving average price of $245.69 and a two-hundred day moving average price of $274.62. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The stock has a market cap of $161.90 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.16 and a beta of 1.28. 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 issued its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) 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 company had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same period in the prior year, the firm earned $2.66 EPS. Accenture’s quarterly revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a dividend of $1.63 per share. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is presently 53.66%.

Insider Buying and Selling

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 transaction of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. The trade was a 78.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the sale, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at $5,868,888.12. This represents a 27.68% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is owned by insiders.

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.