Accenture PLC $ACN Stock Holdings Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in Accenture PLC (NYSE:ACN) by 7.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,243 shares of the information technology services provider’s stock after selling 10,726 shares during the period. Nisa Investment Advisors LLC’s holdings in Accenture were worth $24,433,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its holdings in Accenture by 319.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,001,809 shares of the information technology services provider’s stock worth $183,702,000 after acquiring an additional 762,827 shares in the last quarter. Lakeshore Capital Group Inc. increased its holdings in shares of Accenture by 18.8% during the third quarter. Lakeshore Capital Group Inc. now owns 3,689 shares of the information technology services provider’s stock valued at $676,000 after acquiring an additional 585 shares in the last quarter. Rare Wolf Capital LLC bought a new stake in shares of Accenture during the third quarter valued at approximately $913,000. Revisor Wealth Management LLC raised its position in shares of Accenture by 3.4% during the third quarter. Revisor Wealth Management LLC now owns 6,161 shares of the information technology services provider’s stock worth $1,130,000 after purchasing an additional 203 shares during the period. Finally, Bank Pictet & Cie Europe AG raised its position in shares of Accenture by 5.7% during the third quarter. Bank Pictet & Cie Europe AG now owns 3,722 shares of the information technology services provider’s stock worth $683,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACN. Citigroup increased their target price on Accenture from $135.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, August 24th. BMO Capital Markets set a $235.00 price target on shares of Accenture in a research note on Friday, October 2nd. Morgan Stanley boosted their price target on shares of Accenture from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Friday, October 2nd. Susquehanna upped their price objective on shares of Accenture from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Accenture from $179.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, September 25th. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $219.52.

Accenture Price Performance

ACN stock opened at $240.61 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.34 and a current ratio of 1.43. The business has a 50-day simple moving average of $192.96 and a two-hundred day simple moving average of $175.23. The company has a market capitalization of $160.68 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11. Accenture PLC has a 52-week low of $118.15 and a 52-week high of $291.09.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.18 by $0.11. The firm had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $18.03 billion. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Research analysts expect that Accenture PLC will post 14.68 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This is a positive change from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 2.8%. Accenture’s payout ratio is presently 50.44%.

Insider Buying and Selling at Accenture

In other Accenture news, General Counsel Joel Unruch sold 10,498 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $162.98, for a total transaction of $1,710,964.04. Following the transaction, the general counsel directly owned 17,735 shares in the company, valued at approximately $2,890,450.30. This trade represents a 37.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Catherine Hogan sold 700 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $214.24, for a total value of $149,968.00. Following the transaction, the chief operating officer owned 11,856 shares in the company, valued at approximately $2,540,029.44. This trade represents a 5.58% decrease in their ownership of the stock. 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 have sold 12,518 shares of company stock valued at $2,124,932 in the last quarter. 0.02% of the stock is currently owned by corporate insiders.

About Accenture

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.