Davis R M Inc. Sells 1,216 Shares of Accenture PLC $ACN

Davis R M Inc. decreased its holdings in shares of Accenture PLC (NYSE:ACN) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,188 shares of the information technology services provider’s stock after selling 1,216 shares during the quarter. Davis R M Inc.’s holdings in Accenture were worth $44,292,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kelly Lawrence W & Associates Inc. CA bought a new position in Accenture in the first quarter valued at $31,000. RMG Wealth Management LLC purchased a new position in Accenture in the 2nd quarter worth $33,000. WPG Advisers LLC purchased a new stake in Accenture during the first quarter valued at about $42,000. Cheviot Value Management LLC bought a new position in Accenture during the 1st quarter worth approximately $43,000. Finally, Fiduciary Wealth Partners LLC bought a new position in shares of Accenture in the first quarter worth approximately $45,000. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a report on Friday, September 26th. HSBC decreased their price target on shares of Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. Jefferies Financial Group reiterated a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. The Goldman Sachs Group dropped their price target on Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Finally, Dbs Bank upgraded shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

Insider Transactions at Accenture

In related news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This represents a 64.27% 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, CEO Julie Spellman Sweet sold 5,917 shares of Accenture stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the completion of the sale, the chief executive officer directly owned 8,599 shares of the company’s stock, valued at approximately $2,120,685.38. This trade represents a 40.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,319 shares of company stock worth $8,335,225 over the last three months. 0.02% of the stock is currently owned by company insiders.

Accenture Price Performance

Shares of NYSE ACN opened at $245.87 on Monday. The company has a 50 day moving average of $245.69 and a 200 day moving average of $274.62. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The firm has a market cap of $161.90 billion, a P/E ratio of 20.24, a PEG ratio of 2.16 and a beta of 1.28.

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

Accenture Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.7%. 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%.

About Accenture

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.