M&T Bank Corp Sells 3,762 Shares of Accenture PLC $ACN

M&T Bank Corp trimmed its position in shares of Accenture PLC (NYSE:ACN) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 235,631 shares of the information technology services provider’s stock after selling 3,762 shares during the quarter. M&T Bank Corp’s holdings in Accenture were worth $70,427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACN. Aprio Wealth Management LLC increased its position in shares of Accenture by 2.1% during the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after acquiring an additional 33 shares in the last quarter. Texas Bank & Trust Co increased its holdings in shares of Accenture by 0.4% in the 1st quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock worth $2,553,000 after purchasing an additional 35 shares in the last quarter. Norway Savings Bank raised its stake in shares of Accenture by 0.9% in the second quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock worth $1,232,000 after purchasing an additional 36 shares during the last quarter. Firethorn Wealth Partners LLC lifted its holdings in shares of Accenture by 4.4% during the second quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock valued at $255,000 after purchasing an additional 36 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of Accenture by 0.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after buying an additional 38 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on ACN shares. Wells Fargo & Company started coverage on shares of Accenture in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 target price on the stock. Evercore ISI set a $280.00 price objective on shares of Accenture in a research report on Thursday, September 25th. Citigroup upgraded shares of Accenture to a “hold” rating in a report on Thursday, October 23rd. BNP Paribas Exane decreased their target price on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. Finally, JPMorgan Chase & Co. dropped their price target on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $294.25.

Accenture Trading Up 3.0%

Shares of Accenture stock opened at $257.51 on Tuesday. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The company’s fifty day simple moving average is $245.52 and its 200-day simple moving average is $267.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $169.56 billion, a PE ratio of 21.19, a P/E/G ratio of 2.16 and a beta of 1.28.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. The company had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.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 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, equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 10th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is presently 53.66%.

Insider Activity at Accenture

In other Accenture news, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by company insiders.

Accenture 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.