Oarsman Capital Inc. Sells 51 Shares of Accenture PLC $ACN

Oarsman Capital Inc. reduced its holdings in shares of Accenture PLC (NYSE:ACN) by 2.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,371 shares of the information technology services provider’s stock after selling 51 shares during the period. Oarsman Capital Inc.’s holdings in Accenture were worth $709,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after acquiring an additional 4,905 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in Accenture by 10.2% during the 1st quarter. Ameritas Advisory Services LLC now owns 2,838 shares of the information technology services provider’s stock valued at $963,000 after purchasing an additional 262 shares in the last quarter. Red Door Wealth Management LLC increased its position in shares of Accenture by 9.5% in the 1st quarter. Red Door Wealth Management LLC now owns 1,252 shares of the information technology services provider’s stock valued at $391,000 after acquiring an additional 109 shares during the period. Smith Salley Wealth Management raised its stake in Accenture by 1.4% in the 1st quarter. Smith Salley Wealth Management now owns 54,336 shares of the information technology services provider’s stock worth $16,955,000 after acquiring an additional 774 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its stake in Accenture by 7.1% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,608 shares of the information technology services provider’s stock valued at $814,000 after purchasing an additional 173 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Up 1.1%

ACN stock opened at $253.57 on Wednesday. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a market cap of $166.97 billion, a P/E ratio of 20.87, a PEG ratio of 2.18 and a beta of 1.28. The company’s 50-day simple moving average is $247.27 and its 200-day simple moving average is $276.83.

Accenture (NYSE:ACN) last released its quarterly earnings results 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. The company 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%.Accenture’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior 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. As a group, equities analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently declared 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%. The ex-dividend date of this dividend is Friday, October 10th. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is presently 53.66%.

Insider Buying and Selling at Accenture

In other Accenture news, 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 transaction of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the sale, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at $5,868,888.12. This represents a 27.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,402 shares of company stock valued at $4,595,374 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ACN shares. Evercore ISI set a $280.00 target price on Accenture in a report on Thursday, September 25th. Wall Street Zen downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Rothschild & Co Redburn upped their price target on shares of Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Citigroup upgraded Accenture to a “hold” rating in a research note on Thursday, October 23rd. Finally, BMO Capital Markets decreased their price objective on Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a report on Friday, September 26th. 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $297.48.

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.