Orion Capital Management LLC Decreases Stock Holdings in Accenture PLC $ACN

Orion Capital Management LLC reduced its stake in shares of Accenture PLC (NYSE:ACN) by 24.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200 shares of the information technology services provider’s stock after selling 66 shares during the period. Orion Capital Management LLC’s holdings in Accenture were worth $60,000 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 stock. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture during the first quarter worth $31,000. RMG Wealth Management LLC purchased a new stake in Accenture in the second quarter valued at $33,000. WPG Advisers LLC acquired a new position in shares of Accenture in the 1st quarter valued at $42,000. Cheviot Value Management LLC purchased a new position in shares of Accenture during the 1st quarter worth $43,000. Finally, Fiduciary Wealth Partners LLC acquired a new stake in shares of Accenture during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the transaction, the chief executive officer owned 23,516 shares in the company, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the stock in a transaction 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 directly owned 1,860 shares in the company, valued at $465,018.60. This trade represents a 78.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,402 shares of company stock worth $4,595,374 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ACN shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a research note on Friday. Susquehanna lowered their price objective on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, September 18th. JPMorgan Chase & Co. dropped their target price 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. Evercore ISI set a $280.00 price target on Accenture in a research note on Thursday, September 25th. Finally, Morgan Stanley dropped their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.48.

Accenture Stock Down 0.8%

Accenture stock opened at $247.93 on Friday. The firm has a market capitalization of $163.25 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.16 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The stock’s fifty day simple moving average is $247.27 and its 200-day simple moving average is $277.55.

Accenture (NYSE:ACN) last issued its quarterly 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. The company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.Accenture’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business 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 analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.6%. This is a positive change from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s dividend payout ratio is 53.66%.

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.