Zevin Asset Management LLC Sells 812 Shares of Accenture PLC $ACN

Zevin Asset Management LLC decreased its position in shares of Accenture PLC (NYSE:ACN) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,043 shares of the information technology services provider’s stock after selling 812 shares during the period. Zevin Asset Management LLC’s holdings in Accenture were worth $9,577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Accenture during the first quarter valued at $31,000. RMG Wealth Management LLC acquired a new stake in shares of Accenture during the second quarter worth $33,000. WPG Advisers LLC bought a new position in Accenture during the 1st quarter worth approximately $42,000. Cheviot Value Management LLC acquired a new stake in Accenture during the 1st quarter worth $43,000. Finally, Fiduciary Wealth Partners LLC acquired a new position in Accenture in the first quarter valued at about $45,000. 75.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BMO Capital Markets cut their price objective 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. Guggenheim dropped their target price on shares of Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Susquehanna dropped their price target on Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Finally, Royal Bank Of Canada dropped their price objective on Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research report 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

Accenture Trading Down 0.1%

Shares of ACN stock opened at $240.98 on Friday. The stock has a market capitalization of $158.68 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.16 and a beta of 1.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $245.97 and a 200 day simple moving average of $275.02. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.05. The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $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, sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The firm 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 $1.63 dividend. This is a positive change from Accenture’s previous quarterly dividend of $1.48. 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. Accenture’s dividend payout ratio (DPR) is currently 53.66%.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 5,917 shares of the business’s 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 sale, the chief executive officer directly owned 8,599 shares in the company, valued at approximately $2,120,685.38. The trade was a 40.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the transaction, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,319 shares of company stock valued at $8,335,225 over the last three months. 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.