Manchester Capital Management LLC Cuts Stake in Accenture PLC $ACN

Manchester Capital Management LLC cut its position in Accenture PLC (NYSE:ACN) by 12.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,658 shares of the information technology services provider’s stock after selling 531 shares during the quarter. Manchester Capital Management LLC’s holdings in Accenture were worth $1,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Accenture by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock valued at $19,466,641,000 after acquiring an additional 1,315,548 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Accenture by 1.1% during the second quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider’s stock valued at $4,182,331,000 after buying an additional 147,931 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Accenture by 0.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,998,826 shares of the information technology services provider’s stock worth $2,689,659,000 after buying an additional 56,108 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares during the period. Finally, Sanders Capital LLC bought a new stake in shares of Accenture in the second quarter worth approximately $2,637,640,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

NYSE:ACN opened at $243.95 on Tuesday. The stock has a 50-day simple moving average of $244.42 and a two-hundred day simple moving average of $270.23. 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 PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The firm has a market capitalization of $160.64 billion, a PE ratio of 20.08, a P/E/G ratio of 2.16 and a beta of 1.28.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The firm had revenue of $17.60 billion for 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%.The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous 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. Analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 10th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is 53.66%.

Insider Activity at Accenture

In other news, 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 value of $2,246,130.00. Following the transaction, the chief executive officer directly owned 23,516 shares in the company, valued at $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider owned 1,860 shares of the company’s stock, valued at $465,018.60. This represents a 78.77% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ACN. 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. Citigroup raised Accenture to a “hold” rating in a report on Thursday, October 23rd. Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Morgan Stanley lowered their target price on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Finally, Rothschild & Co Redburn upped their price target on shares of Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.