Exchange Capital Management Inc. Sells 159 Shares of Accenture PLC $ACN

Exchange Capital Management Inc. lowered its holdings in Accenture PLC (NYSE:ACN) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,474 shares of the information technology services provider’s stock after selling 159 shares during the period. Exchange Capital Management Inc.’s holdings in Accenture were worth $1,935,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Hilltop National Bank bought a new stake in shares of Accenture in the second quarter valued at approximately $459,000. Triad Wealth Partners LLC lifted its position in shares of Accenture by 10.3% during the 2nd quarter. Triad Wealth Partners LLC now owns 761 shares of the information technology services provider’s stock valued at $227,000 after acquiring an additional 71 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Accenture by 6.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock worth $21,187,000 after purchasing an additional 4,281 shares during the period. Jmac Enterprises LLC acquired a new stake in Accenture during the second quarter worth about $375,000. Finally, Syntax Research Inc. acquired a new position in shares of Accenture in the 2nd quarter valued at approximately $1,990,000. 75.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on ACN shares. Robert W. Baird lowered their price objective on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Mizuho reduced their price objective on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday. Cowen reissued a “buy” rating on shares of Accenture in a research note on Friday, September 26th. Barclays reduced their price target on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research note on Monday, June 23rd. Finally, BMO Capital Markets cut their target price on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $300.22.

Insider Buying and Selling

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the business’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Beatty sold 203 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the sale, the insider owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock valued at $834,280 over the last quarter. Insiders own 0.02% of the company’s stock.

Accenture Stock Up 0.4%

Shares of ACN opened at $244.58 on Friday. The stock’s 50-day moving average price is $250.32 and its two-hundred day moving average price is $284.19. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a market capitalization of $153.19 billion, a PE ratio of 20.13, a PEG ratio of 2.12 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. The company 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 firm’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, analysts anticipate that Accenture PLC will post 12.73 EPS 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 given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio is currently 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.