Coastline Trust Co Sells 7,582 Shares of Accenture PLC $ACN

Coastline Trust Co decreased its holdings in Accenture PLC (NYSE:ACN) by 52.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,897 shares of the information technology services provider’s stock after selling 7,582 shares during the period. Coastline Trust Co’s holdings in Accenture were worth $1,850,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Investors Research Corp raised its position in Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Accenture in the 3rd quarter valued at approximately $26,000. Davis Capital Management acquired a new position in shares of Accenture in the 3rd quarter worth approximately $28,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of Accenture by 146.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after buying an additional 73 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Q2 beat on EPS and revenue; bookings strength — Accenture reported $2.93 EPS and $18.04B revenue, both above consensus, and cited record bookings and rising AI adoption that support near-term demand. BusinessWire: Q2 Results
• Positive Sentiment: Strategic AI/cloud partnerships bolster positioning — Recent collaborations with Microsoft, Databricks and cloud partners deepen Accenture’s go-to-market for enterprise AI, supporting revenue mix and long-term growth opportunities. Seeking Alpha: Microsoft Partnership
• Positive Sentiment: Services resilience, cash returns and yield appeal — Commentary and analysis highlight resilient margins, strong managed-services performance, record bookings and ongoing capital returns (dividend/buybacks) that support shareholder value. Seeking Alpha: Strength Despite Sell-Off
• Neutral Sentiment: Management commentary on AI workforce impacts — CEO remarks suggesting entry-level roles may not be the most affected by AI add nuance to the narrative about disruption and rehiring/reshaping labor, but are not immediate revenue drivers. Investopedia: CEO Comments
• Neutral Sentiment: Smaller partnership news and institutional buying — Deals such as the RELEX/Lowe’s collaboration mention Accenture involvement and filings show some funds adding positions; helpful background but limited immediate impact. PR Newswire: RELEX/Lowe’s
• Negative Sentiment: Revenue/outlook disappointed some investors — Management forecasted upcoming quarterly revenue below Street estimates and gave a cautious tone on large IT transformation spend, which pressured sentiment after the beat. Reuters: Revenue Forecast
• Negative Sentiment: Analyst cuts and macro concerns — Firms including TD Cowen and others trimmed price targets or lowered expectations; broader economic and AI-disruption worries have driven a deep YTD share decline that raises valuation concerns. MSN/TD Cowen: PT Cut
• Negative Sentiment: Sentiment drag from wider sell-off and AI fear narrative — Coverage notes ACN has fallen sharply this year amid fears of AI disruption, which amplifies reactions to any cautious guidance. Barron’s: Context on Decline

Insider Buying and Selling

In other news, insider Manish Sharma sold 2,731 shares of Accenture stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $288.13, for a total transaction of $786,883.03. Following the completion of the sale, the insider owned 7,057 shares in the company, valued at $2,033,333.41. The trade was a 27.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John F. Walsh sold 3,986 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the sale, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. This trade represents a 12.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on ACN shares. HSBC boosted their price target on Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. TD Cowen cut their price objective on Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a report on Monday. Piper Sandler set a $282.00 target price on shares of Accenture in a report on Thursday, March 5th. BMO Capital Markets reiterated a “market perform” rating and set a $300.00 target price on shares of Accenture in a research report on Thursday, December 18th. Finally, Rothschild & Co Redburn lifted their price target on shares of Accenture from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Eighteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus target price of $286.19.

Accenture Trading Up 4.1%

ACN opened at $203.16 on Friday. Accenture PLC has a 1-year low of $187.00 and a 1-year high of $325.71. The firm has a 50-day moving average price of $235.99 and a two-hundred day moving average price of $247.16. The stock has a market capitalization of $125.07 billion, a PE ratio of 16.79, a PEG ratio of 1.85 and a beta of 1.27. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 19th. The information technology services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. The business had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. Accenture’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 earnings per share. As a group, equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

About Accenture

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.