Court Place Advisors LLC Sells 249 Shares of Accenture PLC $ACN

Court Place Advisors LLC decreased its position in shares of Accenture PLC (NYSE:ACN) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,057 shares of the information technology services provider’s stock after selling 249 shares during the period. Court Place Advisors LLC’s holdings in Accenture were worth $1,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in Accenture during the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC purchased a new stake in Accenture during the 1st quarter valued at approximately $32,000. RMG Wealth Management LLC purchased a new stake in Accenture during the 2nd quarter valued at approximately $33,000. WPG Advisers LLC purchased a new stake in Accenture during the 1st quarter valued at approximately $42,000. Finally, Cheviot Value Management LLC purchased a new stake in Accenture during the 1st quarter valued at approximately $43,000. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Down 0.3%

ACN stock opened at $252.28 on Friday. The firm has a fifty day moving average price of $247.73 and a 200 day moving average price of $282.04. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. The firm has a market cap of $158.01 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.20 and a beta of 1.28.

Accenture (NYSE:ACN) last posted its earnings results 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 firm 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%. Accenture’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal 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 paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, October 10th. 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 2.6%. Accenture’s payout ratio is presently 48.72%.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of research analyst reports. UBS Group cut their price objective on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Guggenheim cut their price objective on shares of Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a report on Friday, September 26th. Mizuho cut their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Stifel Nicolaus cut their price objective on shares of Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Finally, BNP Paribas Exane cut their target price on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $300.22.

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.