Oppenheimer Asset Management Inc. Lowers Position in Accenture PLC $ACN

Oppenheimer Asset Management Inc. cut its holdings in shares of Accenture PLC (NYSE:ACN) by 10.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,763 shares of the information technology services provider’s stock after selling 13,427 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Accenture were worth $35,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ACN. Kelly Lawrence W & Associates Inc. CA purchased a new position in Accenture during the 1st quarter valued at about $31,000. RMG Wealth Management LLC purchased a new position in Accenture during the 2nd quarter valued at about $33,000. WPG Advisers LLC purchased a new position in Accenture during the 1st quarter valued at about $42,000. Cheviot Value Management LLC purchased a new position in Accenture during the 1st quarter valued at about $43,000. Finally, Fiduciary Wealth Partners LLC purchased a new position in Accenture during the 1st quarter valued at about $45,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of NYSE ACN opened at $247.93 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a market capitalization 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. The stock’s 50-day simple moving average is $247.27 and its 200-day simple moving average is $277.55.

Accenture (NYSE:ACN) last issued 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 return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter last year, the company earned $2.66 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. 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 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.63 dividend. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. Accenture’s dividend payout ratio (DPR) is 53.66%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a report on Friday. Citigroup raised Accenture to a “hold” rating in a research report on Thursday. HSBC reduced their price target on Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. The Goldman Sachs Group reduced their price target on Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Finally, Wells Fargo & Company started coverage on Accenture in a research report on Tuesday. They issued an “equal weight” rating and a $251.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $297.48.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the transaction, the chief executive officer directly owned 1,390 shares in the company, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the transaction, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. This trade represents a 27.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,402 shares of company stock worth $4,595,374. 0.02% of the stock is currently owned by insiders.

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.