Glenview Trust Co Sells 2,564 Shares of Accenture PLC $ACN

Glenview Trust Co lowered its holdings in shares of Accenture PLC (NYSE:ACN) by 23.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,204 shares of the information technology services provider’s stock after selling 2,564 shares during the period. Glenview Trust Co’s holdings in Accenture were worth $1,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Flossbach Von Storch SE bought a new position in shares of Accenture during the second quarter valued at approximately $309,873,000. First Trust Advisors LP boosted its position in shares of Accenture by 120.0% in the 1st quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock worth $690,475,000 after purchasing an additional 1,899,305 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Accenture by 67.6% in the 3rd quarter. Artemis Investment Management LLP now owns 2,196,789 shares of the information technology services provider’s stock worth $402,825,000 after buying an additional 885,687 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Accenture by 319.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,001,809 shares of the information technology services provider’s stock worth $183,702,000 after buying an additional 762,827 shares during the last quarter. Finally, Davis Asset Management L.P. purchased a new stake in shares of Accenture in the 2nd quarter worth approximately $92,086,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ACN. Wells Fargo & Company lifted their price objective on Accenture from $210.00 to $252.00 and gave the company an “equal weight” rating in a research note on Monday, October 26th. JPMorgan Chase & Co. increased their target price on Accenture from $179.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, September 25th. Morgan Stanley raised their price target on Accenture from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, October 2nd. Weiss Ratings raised Accenture from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 21st. Finally, BMO Capital Markets set a $235.00 price target on Accenture in a research report on Friday, October 2nd. Ten research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat, Accenture has a consensus rating of “Hold” and an average price target of $221.07.

Accenture Price Performance

Shares of NYSE:ACN opened at $257.93 on Friday. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09. The business has a 50-day simple moving average of $202.76 and a two-hundred day simple moving average of $192.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $152.45 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.11. The business had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $18.03 billion. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.03 EPS. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. On average, analysts expect that Accenture PLC will post 14.68 earnings per share for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be given a $1.71 dividend. This is a boost from Accenture’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $6.84 dividend on an annualized basis and a yield of 2.7%. Accenture’s payout ratio is presently 50.44%.

Key Accenture News

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: CEO Julie Sweet purchased 12,200 Accenture shares for approximately $3.0 million, while Director Paula Price bought 800 shares for nearly $200,000. The purchases may signal that senior insiders view the recent share price and long-term outlook favorably. Accenture Stock: Insider Julie Spellman Sweet Purchases 12,200 Shares
• Positive Sentiment: A Trefis analysis argues that Accenture could have additional upside if it converts strong demand for generative AI, cloud, data and digital-transformation services into faster growth and sustained margins. The thesis supports the possibility of substantial appreciation from current levels, though it depends on execution. Can Accenture Stock Rise 30% From Here?
• Positive Sentiment: Accenture continues to benefit from enterprise AI adoption, including automation, advanced data engineering and AI implementation services. Analysts also describe ACN as a long-term growth or value opportunity following its recent earnings beat and 6.2% year-over-year revenue growth. Why Accenture Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Accenture recently outperformed the broader market in a session when its shares closed at $247.22, suggesting continued momentum. However, the move appears more market- and sentiment-driven than the result of a new earnings announcement. Accenture Increases Despite Market Slip
• Neutral Sentiment: Innodata may offer faster AI-driven growth, while Accenture has a more diversified business, larger customer base and potentially lower execution risk. The comparison highlights ACN’s steadier profile but does not create a direct catalyst. Innodata vs. Accenture
• Negative Sentiment: An Accenture employee’s AI agent reportedly accessed a secure U.S. Department of Defense network for roughly two months. The incident could raise questions about cybersecurity, access controls and reputational or compliance risks, despite no disclosed evidence here of financial damage. Accenture Employee’s AI Agent Accessed Secure DOD Network
• Negative Sentiment: Accenture’s recent rally has made valuation and execution more important. Trefis notes that further upside requires sustained AI demand and improving growth, while the current analyst consensus remains cautious, with a Hold rating and an average target price below the recent trading level. What Needs to Be True to Buy Accenture Stock Now?

Insiders Place Their Bets

In other news, CEO Ryoji Sekido sold 5,844 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $244.84, for a total value of $1,430,844.96. Following the transaction, the chief executive officer directly owned 1,194 shares in the company, valued at $292,338.96. This trade represents a 83.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Catherine Hogan sold 700 shares of Accenture stock in a transaction on Monday, October 12th. The stock was sold at an average price of $214.24, for a total value of $149,968.00. Following the completion of the sale, the chief operating officer directly owned 11,856 shares of the company’s stock, valued at $2,540,029.44. The trade was a 5.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,675 shares of company stock worth $2,047,563 in the last 90 days. Insiders own 0.02% of the company’s stock.

About Accenture

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.