Conning Inc. Sells 138 Shares of Accenture PLC $ACN

Conning Inc. cut its position in shares of Accenture PLC (NYSE:ACN) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,889 shares of the information technology services provider’s stock after selling 138 shares during the period. Conning Inc.’s holdings in Accenture were worth $1,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ACN. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Accenture in the 1st quarter worth $31,000. Inlight Wealth Management LLC bought a new position in shares of Accenture in the 1st quarter worth $32,000. RMG Wealth Management LLC bought a new position in shares of Accenture in the 2nd quarter worth $33,000. WPG Advisers LLC bought a new position in shares of Accenture in the 1st quarter worth $42,000. Finally, Cheviot Value Management LLC purchased a new position in Accenture during the 1st quarter worth $43,000. 75.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ACN has been the topic of several research analyst reports. Evercore ISI set a $280.00 target price on Accenture in a research note on Thursday, September 25th. JPMorgan Chase & Co. dropped their target price on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Wall Street Zen downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Saturday. Guggenheim dropped their target price on Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Finally, Robert W. Baird dropped their price target on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $300.22.

Accenture Stock Performance

Shares of ACN stock opened at $241.11 on Friday. The stock has a market cap of $151.01 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28. The business has a 50-day simple moving average of $247.45 and a 200-day simple moving average of $281.57. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.05. The business had revenue of $17.60 billion during 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%.The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities analysts expect 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 issued a $1.63 dividend. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. Accenture’s payout ratio is presently 48.72%.

Accenture Company 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.