Bingham Private Wealth LLC Sells 133 Shares of Accenture PLC $ACN

Bingham Private Wealth LLC decreased its holdings in Accenture PLC (NYSE:ACN) by 6.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,050 shares of the information technology services provider’s stock after selling 133 shares during the period. Bingham Private Wealth LLC’s holdings in Accenture were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ACN. Price T Rowe Associates Inc. MD lifted its stake 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 worth $2,793,889,000 after purchasing an additional 3,490,569 shares during the last quarter. Vanguard Group Inc. raised its holdings in Accenture by 5.7% in the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock worth $19,912,594,000 after purchasing an additional 3,419,577 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Accenture by 2,782.1% during the first quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider’s stock valued at $450,985,000 after buying an additional 1,395,135 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Accenture by 23.5% in 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 buying an additional 537,223 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Accenture by 340.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 464,864 shares of the information technology services provider’s stock worth $145,056,000 after buying an additional 359,389 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the subject of several recent analyst reports. HSBC lowered their target price on shares of Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. Evercore ISI set a $280.00 price objective on Accenture in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a research report on Saturday, September 27th. Stifel Nicolaus lowered their price target on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $300.22.

Accenture Stock Up 1.2%

Shares of ACN stock opened at $248.18 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a market capitalization of $155.44 billion, a PE ratio of 20.43, a P/E/G ratio of 2.14 and a beta of 1.28. The stock’s 50-day simple moving average is $248.99 and its 200-day simple moving average is $282.84.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter in the prior year, the firm earned $2.66 earnings per share. Accenture’s revenue for the quarter was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.63 per share. This is a boost from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, October 10th. Accenture’s payout ratio is presently 48.72%.

Insiders Place Their Bets

In other Accenture news, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the sale, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,954 shares of company stock valued at $834,280. Company insiders own 0.02% of the company’s stock.

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.