Field & Main Bank Increases Holdings in Accenture PLC $ACN

Field & Main Bank increased its stake in Accenture PLC (NYSE:ACN) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,965 shares of the information technology services provider’s stock after buying an additional 165 shares during the period. Field & Main Bank’s holdings in Accenture were worth $1,783,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

ACN has been the topic of several recent research reports. Royal Bank Of Canada dropped their price objective on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. TD Cowen cut their price objective on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. BNP Paribas Exane cut their target price 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. Finally, BMO Capital Markets cut their price target on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average price target of $294.25.

Accenture Stock Down 2.1%

Shares of NYSE:ACN opened at $248.01 on Thursday. The firm has a market cap of $163.31 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.21 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 stock’s 50-day moving average price is $247.13 and its two-hundred day moving average price is $276.58. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35.

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

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 represents a $6.52 annualized dividend and a dividend yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is 53.66%.

Insiders Place Their Bets

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was 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. This trade represents a 27.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the transaction, the insider owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 18,402 shares of company stock worth $4,595,374. Corporate 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.