Canopy Partners LLC Lowers Stock Position in Accenture PLC $ACN

Canopy Partners LLC cut its holdings in shares of Accenture PLC (NYSE:ACN) by 11.2% during the second quarter, HoldingsChannel.com reports. The fund owned 4,515 shares of the information technology services provider’s stock after selling 567 shares during the quarter. Canopy Partners LLC’s holdings in Accenture were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Accenture during the 1st quarter worth $31,000. Inlight Wealth Management LLC acquired a new position in shares of Accenture during the 1st quarter worth $32,000. RMG Wealth Management LLC acquired a new position in shares of Accenture during the 2nd quarter worth $33,000. WPG Advisers LLC acquired a new position in shares of Accenture during the 1st quarter worth $42,000. Finally, Atwood & Palmer Inc. raised its stake in shares of Accenture by 407.4% during the 1st quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider’s stock worth $43,000 after buying an additional 110 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Accenture

In other Accenture news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the transaction, the insider owned 5,249 shares in the company, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the completion of the sale, the chief executive officer directly owned 2,283 shares of the company’s stock, valued at $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Mizuho dropped their price objective on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Benchmark restated a “mixed” rating on shares of Accenture in a report on Friday, June 20th. HSBC lowered their price target on Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Evercore ISI set a $280.00 target price on Accenture in a report on Thursday, September 25th. Finally, Wall Street Zen upgraded Accenture from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus price target of $300.22.

Accenture Trading Up 1.3%

Shares of Accenture stock opened at $251.42 on Wednesday. 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 cap of $157.47 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $248.44 and a 200-day simple moving average of $282.62.

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

Accenture Increases Dividend

The business 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. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. Accenture’s dividend payout ratio is 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.