Bowen Hanes & Co. Inc. Has $322,000 Stock Position in Accenture PLC $ACN

Bowen Hanes & Co. Inc. cut its stake in Accenture PLC (NYSE:ACN) by 80.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,076 shares of the information technology services provider’s stock after selling 4,300 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Accenture were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the period. AE Wealth Management LLC increased its stake in shares of Accenture by 21.8% during the 1st quarter. AE Wealth Management LLC now owns 4,183 shares of the information technology services provider’s stock worth $1,305,000 after purchasing an additional 750 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Accenture by 2.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 34,332 shares of the information technology services provider’s stock worth $10,713,000 after purchasing an additional 773 shares during the period. Kovack Advisors Inc. lifted its stake in Accenture by 6.8% in the first quarter. Kovack Advisors Inc. now owns 781 shares of the information technology services provider’s stock valued at $244,000 after purchasing an additional 50 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Accenture by 4.7% during the first quarter. Avantax Advisory Services Inc. now owns 60,162 shares of the information technology services provider’s stock valued at $18,773,000 after purchasing an additional 2,727 shares during the period. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on ACN. UBS Group lowered their target price on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Wolfe Research boosted their price objective on Accenture from $285.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Morgan Stanley cut their target price on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 9th. Robert W. Baird lowered their price target on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

Accenture Price Performance

Shares of NYSE:ACN opened at $251.87 on Friday. The company has a 50 day moving average of $244.30 and a 200 day moving average of $271.16. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The stock has a market cap of $165.85 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.16 and a beta of 1.28. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion during 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 business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm 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, sell-side 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 was paid on Friday, November 14th. Investors of record on Friday, October 10th were given a dividend of $1.63 per share. The ex-dividend date was Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.6%. Accenture’s dividend payout ratio (DPR) is presently 53.66%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 5,917 shares of Accenture stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the completion of the sale, the chief executive officer directly owned 8,599 shares in the company, valued at $2,120,685.38. The trade was a 40.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction 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 $346,763.30. The trade was a 64.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,319 shares of company stock valued at $8,335,225 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

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.