Stock Yards Bank & Trust Co. Cuts Position in Accenture PLC $ACN

Stock Yards Bank & Trust Co. lowered its stake in shares of Accenture PLC (NYSE:ACN) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 97,135 shares of the information technology services provider’s stock after selling 2,523 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Accenture were worth $29,033,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture during the first quarter worth $31,000. Inlight Wealth Management LLC purchased a new stake in shares of Accenture during the first quarter worth $32,000. WPG Advisers LLC purchased a new stake in shares of Accenture during the first quarter worth $42,000. Atwood & Palmer Inc. increased its position in shares of Accenture by 407.4% during the first quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 110 shares during the period. Finally, Cheviot Value Management LLC purchased a new stake in shares of Accenture during the first quarter worth $43,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of several recent analyst reports. Argus set a $370.00 target price on Accenture in a report on Tuesday, June 24th. The Goldman Sachs Group dropped their target price on Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Susquehanna dropped their target price on Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, September 18th. HSBC dropped their target price on Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Finally, Wolfe Research dropped their target price on Accenture from $290.00 to $285.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $300.22.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 203 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the completion of the sale, the insider owned 5,249 shares in the company, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares of the company’s stock, valued at $644,582.22. This trade represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,954 shares of company stock worth $834,280. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

NYSE ACN opened at $245.39 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a market capitalization of $153.69 billion, a PE ratio of 20.20, a P/E/G ratio of 2.13 and a beta of 1.28. The company has a fifty day moving average of $249.57 and a two-hundred day moving average of $283.65.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share 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 business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter in the prior year, the firm earned $2.66 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently announced 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. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is a positive change from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture’s payout ratio is currently 48.72%.

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.