Greenleaf Trust Lowers Holdings in Accenture PLC $ACN

Greenleaf Trust trimmed its position in shares of Accenture PLC (NYSE:ACN) by 10.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 22,161 shares of the information technology services provider’s stock after selling 2,595 shares during the period. Greenleaf Trust’s holdings in Accenture were worth $6,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC raised its holdings in Accenture by 36.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 16,401 shares of the information technology services provider’s stock worth $4,902,000 after acquiring an additional 4,387 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Accenture by 816.6% in the 2nd quarter. Raleigh Capital Management Inc. now owns 1,934 shares of the information technology services provider’s stock worth $578,000 after purchasing an additional 1,723 shares in the last quarter. Asio Capital LLC raised its stake in shares of Accenture by 5.4% in the second quarter. Asio Capital LLC now owns 12,170 shares of the information technology services provider’s stock worth $3,637,000 after purchasing an additional 620 shares during the last quarter. Smith Chas P & Associates PA Cpas boosted its position in shares of Accenture by 4.3% during the second quarter. Smith Chas P & Associates PA Cpas now owns 123,179 shares of the information technology services provider’s stock valued at $36,817,000 after buying an additional 5,024 shares during the last quarter. Finally, Elser Financial Planning Inc bought a new stake in Accenture in the 2nd quarter worth about $244,000. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of several research analyst reports. Susquehanna lowered their target price on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, September 18th. HSBC lowered their price objective on shares of Accenture from $240.00 to $215.00 in a research report on Friday. UBS Group cut their target price on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a research note on Friday. Finally, Evercore ISI set a $280.00 price objective on Accenture in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $300.22.

Accenture Trading Up 3.4%

Shares of NYSE:ACN opened at $247.07 on Tuesday. The stock has a 50 day moving average of $252.72 and a 200 day moving average of $285.31. The company has a market cap of $154.75 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last released 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. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same quarter last year, the business earned $2.66 EPS. The firm’s 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, equities research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a $1.63 dividend. 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. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s payout ratio is presently 48.72%.

Insider Buying and Selling

In related news, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the transaction, the chief executive officer directly owned 2,283 shares of the company’s stock, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela Beatty sold 203 shares of Accenture stock in a transaction on 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is owned by insiders.

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.