Accenture PLC $ACN Shares Acquired by State of Michigan Retirement System

State of Michigan Retirement System increased its holdings in Accenture PLC (NYSE:ACN) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,738 shares of the information technology services provider’s stock after acquiring an additional 500 shares during the quarter. State of Michigan Retirement System’s holdings in Accenture were worth $54,619,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. iA Global Asset Management Inc. increased its holdings in shares of Accenture by 58.6% in the 2nd quarter. iA Global Asset Management Inc. now owns 108,929 shares of the information technology services provider’s stock valued at $32,558,000 after acquiring an additional 40,258 shares during the period. Nicholas Company Inc. increased its holdings in shares of Accenture by 14.7% in the 2nd quarter. Nicholas Company Inc. now owns 245,484 shares of the information technology services provider’s stock valued at $73,373,000 after acquiring an additional 31,435 shares during the period. Gilbert & Cook Inc. acquired a new position in shares of Accenture in the 2nd quarter valued at $362,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Accenture in the 2nd quarter valued at $71,000. Finally, Plato Investment Management Ltd increased its holdings in shares of Accenture by 7.1% in the 2nd quarter. Plato Investment Management Ltd now owns 17,806 shares of the information technology services provider’s stock valued at $5,303,000 after acquiring an additional 1,185 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Price Performance

Shares of NYSE ACN opened at $250.44 on Friday. The firm has a market capitalization of $164.91 billion, a P/E ratio of 20.61, a PEG ratio of 2.16 and a beta of 1.28. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company’s fifty day moving average is $246.87 and its two-hundred day moving average is $276.03. 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 (NYSE:ACN) last issued its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same period in the previous year, the firm earned $2.66 EPS. The business’s 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. Analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. 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 yield of 2.6%. Accenture’s payout ratio is 53.66%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 27,402 shares of company stock worth $6,875,974. 0.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ACN. Rothschild & Co Redburn lifted their price objective on shares of Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. HSBC lowered their price objective on shares of Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. BMO Capital Markets lowered their price objective on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research report on Friday, September 26th. Finally, TD Cowen lowered their price objective on shares of Accenture from $313.00 to $295.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

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.