Corient Private Wealth LLC Sells 26,375 Shares of Accenture PLC $ACN

Corient Private Wealth LLC trimmed its stake in shares of Accenture PLC (NYSE:ACN) by 2.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,027,722 shares of the information technology services provider’s stock after selling 26,375 shares during the quarter. Corient Private Wealth LLC owned about 0.16% of Accenture worth $307,176,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Accenture during the first quarter worth about $31,000. RMG Wealth Management LLC bought a new stake in shares of Accenture during the 2nd quarter worth approximately $33,000. Howard Hughes Medical Institute acquired a new stake in shares of Accenture during the 2nd quarter worth approximately $40,000. WPG Advisers LLC bought a new position in Accenture in the first quarter valued at approximately $42,000. Finally, Traub Capital Management LLC acquired a new position in Accenture during the second quarter valued at approximately $45,000. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price target on Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Robert W. Baird lowered their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. HSBC dropped their target price on shares of Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Royal Bank Of Canada lowered their price objective 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $293.21.

Accenture Stock Up 0.5%

Shares of NYSE ACN opened at $271.70 on Monday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $178.91 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26. The company has a 50 day simple moving average of $250.48 and a 200 day simple moving average of $264.85.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (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 analysts’ expectations of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. On average, research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders 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 was Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. Accenture’s dividend payout ratio is presently 53.66%.

Insider Activity

In other Accenture news, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction on 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 sale, the chief executive officer directly owned 1,390 shares in the company, valued at approximately $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,319 shares of company stock valued at $8,335,225. Company 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.