MV Capital Management Inc. Sells 308 Shares of Accenture PLC $ACN

MV Capital Management Inc. trimmed its holdings in Accenture PLC (NYSE:ACN) by 3.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,542 shares of the information technology services provider’s stock after selling 308 shares during the quarter. MV Capital Management Inc.’s holdings in Accenture were worth $2,852,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on ACN shares. Stifel Nicolaus dropped their target price on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Mizuho dropped their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Wall Street Zen cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Hsbc Global Res upgraded shares of Accenture to a “moderate sell” rating in a report on Monday, July 28th. Finally, Guggenheim cut their price target on shares of Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

Accenture Stock Up 1.5%

Shares of ACN opened at $246.27 on Thursday. The firm has a fifty day moving average price of $244.95 and a 200-day moving average price of $273.74. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $162.16 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.16 and a beta of 1.28. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35.

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

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio (DPR) is 53.66%.

Insider Buying and Selling at Accenture

In related news, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were 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 in the company, valued at $465,018.60. This trade represents a 78.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,319 shares of company stock valued at $8,335,225 in the last ninety days. 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.