Delta Asset Management LLC TN Lowers Holdings in Accenture PLC $ACN

Delta Asset Management LLC TN lowered its holdings in Accenture PLC (NYSE:ACN) by 0.7% during the second quarter, Holdings Channel.com reports. The firm owned 37,435 shares of the information technology services provider’s stock after selling 259 shares during the period. Accenture makes up 1.0% of Delta Asset Management LLC TN’s holdings, making the stock its 25th biggest holding. Delta Asset Management LLC TN’s holdings in Accenture were worth $11,189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC boosted its position in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after purchasing an additional 4,905 shares during the period. AustralianSuper Pty Ltd purchased a new stake in shares of Accenture in the 1st quarter valued at $526,000. Elyxium Wealth LLC acquired a new position in Accenture during the 1st quarter worth about $693,000. IFP Advisors Inc grew its position in Accenture by 2.4% in the 1st quarter. IFP Advisors Inc now owns 11,186 shares of the information technology services provider’s stock valued at $3,490,000 after acquiring an additional 266 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in shares of Accenture by 4.0% during the first quarter. Montag A & Associates Inc. now owns 11,435 shares of the information technology services provider’s stock worth $3,568,000 after purchasing an additional 438 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Manish Sharma sold 6,902 shares of Accenture 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 transaction, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. The trade was a 78.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the firm’s 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,319 shares of company stock worth $8,335,225 in the last quarter. 0.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ACN has been the subject of a number of research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Robert W. Baird dropped their price target on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Guggenheim reduced their price objective on Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Evercore ISI set a $280.00 target price on Accenture in a research note on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average target price of $294.25.

Accenture Stock Performance

Shares of Accenture stock opened at $245.29 on Monday. The firm has a market capitalization of $161.52 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.16 and a beta of 1.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The firm’s 50 day moving average is $244.66 and its two-hundred day moving average is $272.86.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same period last year, the firm posted $2.66 EPS. The company’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. Research analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

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