Aberdeen Group plc Sells 69,470 Shares of Accenture PLC $ACN

Aberdeen Group plc decreased its position in Accenture PLC (NYSE:ACN) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 830,886 shares of the information technology services provider’s stock after selling 69,470 shares during the period. Aberdeen Group plc owned approximately 0.13% of Accenture worth $247,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture in the first quarter valued at $31,000. Inlight Wealth Management LLC acquired a new position in Accenture in the first quarter valued at $32,000. RMG Wealth Management LLC acquired a new position in Accenture in the second quarter valued at $33,000. WPG Advisers LLC acquired a new position in Accenture in the first quarter valued at $42,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Accenture during the first quarter valued at about $43,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of several research reports. Cowen reiterated a “buy” rating on shares of Accenture in a report on Friday, September 26th. BNP Paribas Exane dropped their price objective on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Mizuho dropped their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. Stifel Nicolaus dropped their price objective on shares of Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Finally, Jefferies Financial Group reiterated 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, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $300.22.

Accenture Trading Down 4.3%

ACN opened at $241.11 on Friday. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week 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 1.46. The company’s 50-day moving average is $247.45 and its 200 day moving average is $281.57. The firm has a market capitalization of $151.01 billion, a PE ratio of 19.84, a P/E/G ratio of 2.19 and a beta of 1.28.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the prior year, the firm posted $2.66 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, research analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 48.72%.

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.