Brighton Jones LLC Sells 672 Shares of Accenture PLC $ACN

Brighton Jones LLC decreased its stake in shares of Accenture PLC (NYSE:ACN) by 3.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 17,588 shares of the information technology services provider’s stock after selling 672 shares during the quarter. Brighton Jones LLC’s holdings in Accenture were worth $5,257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Kelly Lawrence W & Associates Inc. CA bought a new stake in Accenture in the 1st quarter valued at about $31,000. RMG Wealth Management LLC bought a new stake in Accenture in the 2nd quarter valued at about $33,000. WPG Advisers LLC bought a new stake in Accenture in the 1st quarter valued at about $42,000. Cheviot Value Management LLC bought a new stake in Accenture in the 1st quarter valued at about $43,000. Finally, Fiduciary Wealth Partners LLC bought a new stake in Accenture in the 1st quarter valued at about $45,000. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. TD Cowen cut their price objective on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a report on Friday, September 26th. Stifel Nicolaus cut their price objective on shares of Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. JPMorgan Chase & Co. cut their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a report on Friday. Finally, Susquehanna cut their price target on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.48.

Insider Activity at Accenture

In related news, insider Manish Sharma sold 6,902 shares of the 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 owned 1,860 shares of the company’s stock, valued at $465,018.60. This represents a 78.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the transaction, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. The trade was a 64.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,402 shares of company stock valued at $4,595,374 in the last quarter. Insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of Accenture stock opened at $247.93 on Friday. The company has a 50 day moving average of $247.27 and a 200-day moving average of $277.55. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The company has a market cap of $163.25 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 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 the consensus estimate of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior 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 research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal 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 paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 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.