Coastline Trust Co Has $1.85 Million Holdings in Accenture PLC $ACN

Coastline Trust Co trimmed its position in shares of Accenture PLC (NYSE:ACN) by 52.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,897 shares of the information technology services provider’s stock after selling 7,582 shares during the quarter. Coastline Trust Co’s holdings in Accenture were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACN. Running Oak Capital LLC increased its position in Accenture by 14.3% during the third quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock worth $14,190,000 after buying an additional 7,190 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Accenture in the second quarter worth about $2,658,000. Weitz Investment Management Inc. boosted its stake in shares of Accenture by 28.8% during the 3rd quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider’s stock worth $39,592,000 after acquiring an additional 35,900 shares in the last quarter. Norges Bank acquired a new position in shares of Accenture during the 2nd quarter valued at about $2,216,850,000. Finally, D.A. Davidson & CO. raised its stake in shares of Accenture by 17.4% in the 3rd quarter. D.A. Davidson & CO. now owns 258,599 shares of the information technology services provider’s stock valued at $63,771,000 after acquiring an additional 38,325 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ACN. Jefferies Financial Group upped their target price on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Accenture from $280.00 to $230.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. TD Cowen decreased their price objective on shares of Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a report on Monday. The Goldman Sachs Group reiterated a “buy” rating and issued a $330.00 target price on shares of Accenture in a research note on Thursday, December 18th. Finally, Guggenheim cut their target price on shares of Accenture from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Eighteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $286.19.

Insider Activity at Accenture

In related news, insider Manish Sharma sold 2,731 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $288.13, for a total transaction of $786,883.03. Following the transaction, the insider directly owned 7,057 shares in the company, valued at $2,033,333.41. The trade was a 27.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Melissa A. Burgum sold 3,588 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $281.01, for a total value of $1,008,263.88. Following the completion of the transaction, the chief accounting officer directly owned 8,179 shares of the company’s stock, valued at approximately $2,298,380.79. This trade represents a 30.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 22,088 shares of company stock worth $5,970,434. Insiders own 0.02% of the company’s stock.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Q2 beat on EPS and revenue; bookings strength — Accenture reported $2.93 EPS and $18.04B revenue, both above consensus, and cited record bookings and rising AI adoption that support near-term demand. BusinessWire: Q2 Results
• Positive Sentiment: Strategic AI/cloud partnerships bolster positioning — Recent collaborations with Microsoft, Databricks and cloud partners deepen Accenture’s go-to-market for enterprise AI, supporting revenue mix and long-term growth opportunities. Seeking Alpha: Microsoft Partnership
• Positive Sentiment: Services resilience, cash returns and yield appeal — Commentary and analysis highlight resilient margins, strong managed-services performance, record bookings and ongoing capital returns (dividend/buybacks) that support shareholder value. Seeking Alpha: Strength Despite Sell-Off
• Neutral Sentiment: Management commentary on AI workforce impacts — CEO remarks suggesting entry-level roles may not be the most affected by AI add nuance to the narrative about disruption and rehiring/reshaping labor, but are not immediate revenue drivers. Investopedia: CEO Comments
• Neutral Sentiment: Smaller partnership news and institutional buying — Deals such as the RELEX/Lowe’s collaboration mention Accenture involvement and filings show some funds adding positions; helpful background but limited immediate impact. PR Newswire: RELEX/Lowe’s
• Negative Sentiment: Revenue/outlook disappointed some investors — Management forecasted upcoming quarterly revenue below Street estimates and gave a cautious tone on large IT transformation spend, which pressured sentiment after the beat. Reuters: Revenue Forecast
• Negative Sentiment: Analyst cuts and macro concerns — Firms including TD Cowen and others trimmed price targets or lowered expectations; broader economic and AI-disruption worries have driven a deep YTD share decline that raises valuation concerns. MSN/TD Cowen: PT Cut
• Negative Sentiment: Sentiment drag from wider sell-off and AI fear narrative — Coverage notes ACN has fallen sharply this year amid fears of AI disruption, which amplifies reactions to any cautious guidance. Barron’s: Context on Decline

Accenture Stock Up 4.1%

Shares of ACN stock opened at $203.16 on Friday. Accenture PLC has a 12 month low of $187.00 and a 12 month high of $325.71. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a market cap of $125.07 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. The stock has a 50 day moving average of $235.99 and a 200-day moving average of $247.16.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, March 19th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $18.04 billion for the quarter, compared to analyst estimates of $17.80 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. Accenture’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 earnings per share. On average, equities analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.