VestGen Advisors LLC Trims Holdings in Accenture PLC $ACN

VestGen Advisors LLC lowered its stake in shares of Accenture PLC (NYSE:ACN) by 44.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,292 shares of the information technology services provider’s stock after selling 5,882 shares during the period. VestGen Advisors LLC’s holdings in Accenture were worth $2,117,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. BLI Banque de Luxembourg Investments grew its holdings in shares of Accenture by 83.4% in the second quarter. BLI Banque de Luxembourg Investments now owns 162,079 shares of the information technology services provider’s stock valued at $47,876,000 after purchasing an additional 73,700 shares during the period. Bristol Gate Capital Partners Inc. purchased a new stake in shares of Accenture in the 2nd quarter valued at approximately $74,387,000. First National Advisers LLC increased its holdings in shares of Accenture by 1.7% during the 2nd quarter. First National Advisers LLC now owns 9,579 shares of the information technology services provider’s stock worth $2,863,000 after buying an additional 159 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Accenture by 2.7% during the 2nd quarter. New York State Common Retirement Fund now owns 793,792 shares of the information technology services provider’s stock valued at $237,256,000 after buying an additional 20,798 shares during the period. Finally, West Family Investments Inc. lifted its holdings in Accenture by 17.5% in the second quarter. West Family Investments Inc. now owns 2,240 shares of the information technology services provider’s stock valued at $670,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ACN shares. Robert W. Baird reduced their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Guggenheim cut their price objective on Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, September 26th. BNP Paribas Exane decreased their target price on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. Rothschild Redb cut shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, HSBC reduced their price target on shares of Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $294.25.

Accenture Trading Up 0.9%

Shares of NYSE:ACN opened at $250.00 on Monday. The company has a market cap of $164.62 billion, a PE ratio of 20.58, a P/E/G ratio of 2.16 and a beta of 1.28. The company’s 50 day moving average is $245.16 and its two-hundred day moving average is $268.27. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. 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 posted its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating 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 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 company posted $2.66 earnings per share. 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. Equities analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 10th were paid a $1.63 dividend. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, October 10th. Accenture’s payout ratio is currently 53.66%.

Insiders Place Their Bets

In related news, CEO Julie Spellman Sweet sold 5,917 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total value 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 $2,120,685.38. The trade was a 40.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares in the company, valued at approximately $465,018.60. The trade was a 78.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is owned by corporate insiders.

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.