Adell Harriman & Carpenter Inc. Decreases Position in Accenture PLC $ACN

Adell Harriman & Carpenter Inc. lessened its holdings in Accenture PLC (NYSE:ACN) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,402 shares of the information technology services provider’s stock after selling 88 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Accenture were worth $419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture in the 1st quarter valued at $31,000. RMG Wealth Management LLC acquired a new stake in shares of Accenture in the 2nd quarter valued at $33,000. WPG Advisers LLC acquired a new stake in shares of Accenture in the 1st quarter valued at $42,000. Cheviot Value Management LLC acquired a new stake in shares of Accenture in the 1st quarter valued at $43,000. Finally, Fiduciary Wealth Partners LLC acquired a new stake in shares of Accenture in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ACN. Citigroup upgraded shares of Accenture to a “hold” rating in a report on Thursday, October 23rd. Mizuho cut their price target on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Robert W. Baird cut their price target on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Finally, BNP Paribas Exane cut their price target on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $294.25.

Accenture Trading Up 0.6%

NYSE ACN opened at $249.16 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $164.07 billion, a PE ratio of 20.51, a P/E/G ratio of 2.16 and a beta of 1.28. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The firm’s fifty day moving average is $247.03 and its two-hundred day moving average is $276.39.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

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

Insider Buying and Selling at Accenture

In other Accenture news, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares in the company, valued at approximately $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the sale, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,402 shares of company stock worth $6,875,974. 0.02% of the stock is owned by company insiders.

Accenture Company 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.