FUKOKU MUTUAL LIFE INSURANCE Co Sells 464 Shares of Accenture PLC $ACN

FUKOKU MUTUAL LIFE INSURANCE Co cut its holdings in Accenture PLC (NYSE:ACN) by 13.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,015 shares of the information technology services provider’s stock after selling 464 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Accenture were worth $901,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ACN. Sanders Capital LLC acquired a new stake in shares of Accenture during the second quarter worth $2,637,640,000. Price T Rowe Associates Inc. MD increased its holdings in Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock worth $2,793,889,000 after purchasing an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Accenture by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after purchasing an additional 3,419,577 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Accenture by 2,782.1% in the first quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider’s stock valued at $450,985,000 after purchasing an additional 1,395,135 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new position in shares of Accenture during the second quarter worth about $308,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Evercore ISI set a $280.00 target price on Accenture in a research report on Thursday, September 25th. Mizuho lowered their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. HSBC reduced their target price on shares of Accenture from $240.00 to $215.00 in a report on Friday, September 26th. UBS Group lowered their price target on shares of Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Accenture in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $294.25.

Accenture Stock Performance

NYSE ACN opened at $241.22 on Thursday. The firm has a market capitalization of $158.83 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. 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’s fifty day moving average price is $244.09 and its two-hundred day moving average price is $271.77. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping 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 net margin of 11.02% and a return on equity of 26.45%. Accenture’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.66 EPS. 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 disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 10th were paid a $1.63 dividend. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, October 10th. Accenture’s dividend payout ratio is currently 53.66%.

Insider Activity

In other news, CEO Julie Spellman Sweet sold 5,917 shares of Accenture stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the completion of the transaction, the chief executive officer directly owned 8,599 shares in the company, valued at approximately $2,120,685.38. The trade was a 40.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction on 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 owned 1,390 shares in the company, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,319 shares of company stock valued at $8,335,225 over the last three months. Insiders own 0.02% of the company’s stock.

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.