3,451 Accenture PLC $ACN Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC decreased its position in shares of Accenture PLC (NYSE:ACN) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,392 shares of the information technology services provider’s stock after selling 3,451 shares during the quarter. Parallel Advisors LLC’s holdings in Accenture were worth $7,957,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. lifted its position in Accenture by 134.8% in the 1st quarter. IMG Wealth Management Inc. now owns 155 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 89 shares during the last quarter. Foresight Capital Management Advisors Inc. acquired a new position in Accenture during the 3rd quarter valued at about $31,000. Signature Equity Partners LLC grew its position in Accenture by 50.9% in the 3rd quarter. Signature Equity Partners LLC now owns 172 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 58 shares during the last quarter. Whipplewood Advisors LLC grew its position in Accenture by 57.9% in the 1st quarter. Whipplewood Advisors LLC now owns 210 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 77 shares during the last quarter. Finally, Dogwood Wealth Management LLC increased its stake in shares of Accenture by 147.1% in the second quarter. Dogwood Wealth Management LLC now owns 215 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 128 shares during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

NYSE ACN opened at $260.36 on Friday. Accenture PLC has a 12 month low of $118.15 and a 12 month high of $291.09. The firm has a market capitalization of $153.89 billion, a PE ratio of 19.20, a P/E/G ratio of 2.00 and a beta of 1.01. The company’s 50 day simple moving average is $210.35 and its 200 day simple moving average is $191.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43.

Accenture (NYSE:ACN) last released its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.11. The firm had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $18.03 billion. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. As a group, equities research analysts forecast that Accenture PLC will post 14.68 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, October 13th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 2.6%. This is a positive change from Accenture’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, October 13th. Accenture’s payout ratio is currently 50.44%.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture and Mondelēz International are applying agentic AI to redesign Mondelēz’s global order-to-cash operations, including ordering, invoicing and collections. The project showcases demand for Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
• Positive Sentiment: A valuation analysis says ACN trades at about 18 times forward earnings, below its 10-year average of 24 times, even after a strong recent rally. That could appeal to investors who see room for the valuation to recover. Accenture’s valuation analysis
• Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his direct holdings by about 62.5%. The sale was made under a pre-arranged Rule 10b5-1 plan, so it is not necessarily a signal about his outlook for the company. Accenture CEO share sale
• Negative Sentiment: Accenture fell even as the market rose, indicating relative weakness in the session. The report describes the decline but does not point to a specific company catalyst. Accenture stock underperforms as the market gains

Insiders Place Their Bets

In other news, CEO Julie Sweet bought 12,200 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was acquired at an average price of $245.99 per share, with a total value of $3,001,078.00. Following the completion of the purchase, the chief executive officer directly owned 48,910 shares of the company’s stock, valued at $12,031,370.90. This represents a 33.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryoji Sekido sold 5,844 shares of Accenture stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $244.84, for a total value of $1,430,844.96. Following the transaction, the chief executive officer directly owned 1,194 shares in the company, valued at approximately $292,338.96. The trade was a 83.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 18,675 shares of company stock valued at $4,747,563. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of recent analyst reports. Argus lifted their price target on Accenture from $220.00 to $260.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Susquehanna increased their price objective on Accenture from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. UBS Group set a $278.00 target price on Accenture in a research report on Thursday, October 15th. Evercore set a $250.00 target price on Accenture and gave the company an “outperform” rating in a research note on Thursday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on Accenture from $179.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, September 25th. Ten investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $221.07.

About Accenture

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions.

The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.

Accenture traces its roots to the consulting business of accounting firm Arthur Andersen.