Harbour Trust & Investment Management Co Decreases Stock Holdings in Accenture PLC $ACN

Harbour Trust & Investment Management Co reduced its position in Accenture PLC (NYSE:ACN) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,609 shares of the information technology services provider’s stock after selling 177 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Accenture were worth $3,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Redwood Investments LLC lifted its stake in Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares during the last quarter. Truist Financial Corp lifted its holdings in Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after buying an additional 28,685 shares during the period. Lipe & Dalton raised its position in shares of Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after acquiring an additional 4,801 shares in the last quarter. PDS Planning Inc lifted its stake in shares of Accenture by 34.7% in the 2nd quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock valued at $1,212,000 after purchasing an additional 1,044 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Accenture by 6.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock valued at $21,187,000 after purchasing an additional 4,281 shares during the period. 75.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACN. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Benchmark reaffirmed a “mixed” rating on shares of Accenture in a report on Friday, June 20th. Cowen reaffirmed a “buy” rating on shares of Accenture in a report on Friday, September 26th. The Goldman Sachs Group cut their price target on Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Accenture in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $300.22.

Accenture Price Performance

Shares of ACN opened at $243.50 on Tuesday. The firm has a market capitalization of $152.51 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. 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’s fifty day moving average price is $247.15 and its 200-day moving average price is $280.75.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share 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 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 posted $2.66 earnings per share. The company’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. On average, equities research analysts predict 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. Investors of record on Friday, October 10th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is 53.66%.

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.