Accenture PLC $ACN Stock Holdings Lowered by Torray Investment Partners LLC

Torray Investment Partners LLC cut its holdings in Accenture PLC (NYSE:ACN) by 16.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,467 shares of the information technology services provider’s stock after selling 27,223 shares during the quarter. Accenture makes up about 3.4% of Torray Investment Partners LLC’s holdings, making the stock its 7th biggest holding. Torray Investment Partners LLC’s holdings in Accenture were worth $25,757,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Regent Peak Wealth Advisors LLC increased its holdings in shares of Accenture by 10.4% during the second quarter. Regent Peak Wealth Advisors LLC now owns 74,187 shares of the information technology services provider’s stock valued at $9,232,000 after acquiring an additional 7,018 shares in the last quarter. Carnegie Investment Counsel raised its position in shares of Accenture by 63.5% in the 3rd quarter. Carnegie Investment Counsel now owns 26,565 shares of the information technology services provider’s stock worth $4,871,000 after purchasing an additional 10,322 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Accenture by 72.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,455 shares of the information technology services provider’s stock worth $2,421,000 after purchasing an additional 8,169 shares in the last quarter. Dearborn Partners LLC bought a new position in Accenture in the 2nd quarter worth about $25,108,000. Finally, Bright Rock Capital Management LLC purchased a new stake in Accenture during the 2nd quarter valued at about $7,466,000. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ACN has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Accenture from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 21st. Evercore set a $250.00 target price on shares of Accenture and gave the stock an “outperform” rating in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Accenture from $136.00 to $175.00 and gave the company a “hold” rating in a report on Friday, September 18th. BMO Capital Markets set a $235.00 price target on shares of Accenture in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada boosted their price objective on shares of Accenture from $175.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. Ten analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $221.07.

Accenture Trading Down 2.5%

Accenture stock opened at $254.51 on Wednesday. Accenture PLC has a one year low of $118.15 and a one year high of $291.09. The business’s fifty day moving average is $205.64 and its 200 day moving average is $192.19. The stock has a market capitalization of $150.43 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.11. The business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $18.03 billion. Accenture had a return on equity of 26.53% and a net margin of 11.28%. Accenture’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.03 EPS. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. On average, sell-side analysts predict that Accenture PLC will post 14.68 EPS for the current year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, October 13th will be paid a $1.71 dividend. This is a boost from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, October 13th. Accenture’s dividend payout ratio (DPR) is presently 50.44%.

Insider Activity

In related news, CEO Ryoji Sekido sold 5,844 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $244.84, for a total transaction of $1,430,844.96. Following the transaction, the chief executive officer owned 1,194 shares in the company, valued at $292,338.96. This represents a 83.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Catherine Hogan sold 1,320 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $200.00, for a total transaction of $264,000.00. Following the transaction, the chief operating officer owned 12,556 shares in the company, valued at approximately $2,511,200. This trade represents a 9.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,675 shares of company stock valued at $2,047,563 over the last three months. Corporate insiders own 0.02% of the company’s stock.

Accenture Profile

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.