Corient Private Wealth LLC Has $307.18 Million Stock Position in Accenture PLC $ACN

Corient Private Wealth LLC cut its holdings in Accenture PLC (NYSE:ACN) by 2.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,027,722 shares of the information technology services provider’s stock after selling 26,375 shares during the quarter. Corient Private Wealth LLC’s holdings in Accenture were worth $307,176,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Accenture by 2.1% during the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after acquiring an additional 1,315,548 shares in the last quarter. State Street Corp boosted its position in shares of Accenture by 1.2% during the 2nd quarter. State Street Corp now owns 28,016,605 shares of the information technology services provider’s stock worth $8,373,925,000 after purchasing an additional 326,979 shares in the last quarter. Geode Capital Management LLC increased its position in Accenture by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,042,843 shares of the information technology services provider’s stock valued at $4,182,331,000 after buying an additional 147,931 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Accenture by 0.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,998,826 shares of the information technology services provider’s stock worth $2,689,659,000 after buying an additional 56,108 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Accenture by 63.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock worth $2,793,889,000 after acquiring an additional 3,490,569 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

Shares of ACN stock opened at $271.70 on Monday. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a market cap of $178.91 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.64 and a beta of 1.26. The firm has a 50-day moving average of $250.48 and a 200-day moving average of $264.85. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42.

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 business had revenue of $17.60 billion during 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 in the prior year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 10th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. Accenture’s dividend payout ratio (DPR) is 53.66%.

Analysts Set New Price Targets

ACN has been the topic of a number of research reports. Wolfe Research upped their target price on Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets lowered their price objective on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a report on Friday, September 26th. HSBC reduced their price objective on shares of Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Rothschild Redb lowered shares of Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $293.21.

Insider Buying and Selling

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction 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 transaction, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 5,917 shares of the firm’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 sale, the chief executive officer directly owned 8,599 shares of the company’s stock, valued at approximately $2,120,685.38. This represents a 40.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by company insiders.

Accenture Company 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.