Intech Investment Management LLC Sells 27,513 Shares of Accenture PLC $ACN

Intech Investment Management LLC reduced its position in shares of Accenture PLC (NYSE:ACN) by 27.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,120 shares of the information technology services provider’s stock after selling 27,513 shares during the quarter. Intech Investment Management LLC’s holdings in Accenture were worth $21,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Accenture by 36.2% during 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. Larson Financial Group LLC lifted its holdings in Accenture by 38.9% in the first quarter. Larson Financial Group LLC now owns 1,806 shares of the information technology services provider’s stock worth $563,000 after buying an additional 506 shares during the period. Forum Financial Management LP lifted its stake in shares of Accenture by 1.9% in the 1st quarter. Forum Financial Management LP now owns 4,732 shares of the information technology services provider’s stock valued at $1,477,000 after purchasing an additional 86 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in Accenture in the first quarter worth $518,000. Finally, Creekmur Asset Management LLC raised its holdings in Accenture by 556.3% in the first quarter. Creekmur Asset Management LLC now owns 735 shares of the information technology services provider’s stock worth $229,000 after purchasing an additional 623 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ACN shares. Royal Bank Of Canada lowered their price target on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Wall Street Zen downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Guggenheim dropped their target price on shares of Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. BNP Paribas Exane decreased their price objective on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. Finally, Mizuho reduced their target price on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $294.25.

Insider Activity at Accenture

In related news, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was 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. The trade was a 64.27% decrease in their position. The sale 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 stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the sale, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. This represents a 78.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 33,319 shares of company stock worth $8,335,225. Corporate insiders own 0.02% of the company’s stock.

Accenture Trading Down 0.9%

Shares of NYSE:ACN opened at $245.29 on Friday. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The stock has a market capitalization of $161.52 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.16 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s 50-day simple moving average is $244.66 and its two-hundred day simple moving average is $273.22.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 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 last year, the firm posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 10th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is 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.