Accenture PLC $ACN Stock Position Decreased by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. cut its position in shares of Accenture PLC (NYSE:ACN) by 20.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,975 shares of the information technology services provider’s stock after selling 3,154 shares during the period. Sumitomo Life Insurance Co.’s holdings in Accenture were worth $3,579,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACN. Price T Rowe Associates Inc. MD increased its holdings in shares of Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Accenture by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after acquiring an additional 3,419,577 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Accenture by 2,782.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider’s stock valued at $450,985,000 after acquiring an additional 1,395,135 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Accenture during the 2nd quarter valued at about $308,000. Finally, Invesco Ltd. increased its holdings in shares of Accenture by 23.5% during the 1st quarter. Invesco Ltd. now owns 2,823,228 shares of the information technology services provider’s stock valued at $880,960,000 after acquiring an additional 537,223 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of NYSE:ACN opened at $250.44 on Friday. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The firm has a market capitalization of $164.91 billion, a PE ratio of 20.61, a PEG ratio of 2.16 and a beta of 1.28. The business’s 50 day moving average is $246.87 and its 200-day moving average is $276.03. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter last year, the firm earned $2.66 EPS. Accenture’s revenue for the quarter 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. Sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 10th. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is 53.66%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ACN. Evercore ISI set a $280.00 price objective on Accenture in a report on Thursday, September 25th. HSBC lowered their price objective on Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. UBS Group lowered their price objective on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, Cowen reaffirmed a “buy” rating on shares of Accenture in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $294.25.

Insider Transactions at Accenture

In related news, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the transaction, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This trade represents a 64.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $253.40, for a total value of $2,280,600.00. Following the transaction, the chief executive officer owned 14,516 shares of the company’s stock, valued at $3,678,354.40. This trade represents a 38.27% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 27,402 shares of company stock valued at $6,875,974. 0.02% of the stock is owned by corporate insiders.

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.