Violich Capital Management Inc. Sells 4,882 Shares of Accenture PLC $ACN

Violich Capital Management Inc. lowered its position in Accenture PLC (NYSE:ACN) by 13.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,670 shares of the information technology services provider’s stock after selling 4,882 shares during the quarter. Accenture makes up about 1.3% of Violich Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Violich Capital Management Inc.’s holdings in Accenture were worth $9,466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Truist Financial Corp lifted its holdings in Accenture by 7.0% during the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after buying an additional 28,685 shares during the period. Redwood Investments LLC lifted its holdings in shares of Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after purchasing an additional 1,287 shares during the last quarter. Lipe & Dalton lifted its holdings in shares of Accenture by 2,087.4% during the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after purchasing an additional 4,801 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of Accenture by 34.7% during the 2nd quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock valued at $1,212,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Accenture by 6.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock valued at $21,187,000 after purchasing an additional 4,281 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the subject of several analyst reports. Barclays decreased their price objective on Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, June 23rd. Royal Bank Of Canada reduced their target price on Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. TD Cowen reduced their target price on Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Robert W. Baird reduced their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Finally, BMO Capital Markets reduced their target price on Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $300.22.

Accenture Stock Performance

NYSE ACN opened at $238.46 on Friday. The stock has a 50-day simple moving average of $246.78 and a two-hundred day simple moving average of $278.90. The firm has a market capitalization of $157.02 billion, a P/E ratio of 19.63, a PEG ratio of 2.08 and a beta of 1.28. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. 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 (NYSE:ACN) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share 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 business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same quarter last year, the business posted $2.66 EPS. The company’s revenue 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. On average, equities analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently declared 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%. 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 dividend payout ratio is presently 53.66%.

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.