Accenture PLC $ACN Shares Sold by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC lowered its stake in shares of Accenture PLC (NYSE:ACN) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,192 shares of the information technology services provider’s stock after selling 87 shares during the period. Accenture accounts for 1.1% of Trueblood Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Trueblood Wealth Management LLC’s holdings in Accenture were worth $2,747,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ACN. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture in the first quarter valued at about $31,000. Inlight Wealth Management LLC acquired a new position in Accenture in the 1st quarter valued at about $32,000. WPG Advisers LLC purchased a new stake in shares of Accenture in the 1st quarter valued at approximately $42,000. Atwood & Palmer Inc. increased its holdings in shares of Accenture by 407.4% during the 1st quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider’s stock worth $43,000 after buying an additional 110 shares during the last quarter. Finally, Cheviot Value Management LLC purchased a new stake in shares of Accenture during the 1st quarter valued at approximately $43,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Accenture news, insider Angela Beatty sold 203 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the sale, the insider owned 5,249 shares of the company’s stock, valued at $1,482,002.66. This trade represents a 3.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares of the company’s stock, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,954 shares of company stock worth $834,280. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Up 1.2%

Shares of NYSE:ACN opened at $248.18 on Tuesday. The firm has a market capitalization of $155.44 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 2.14 and a beta of 1.28. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. The firm’s 50-day moving average is $248.99 and its two-hundred day moving average is $282.84.

Accenture (NYSE:ACN) last announced 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. The firm had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business 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 dividend of $1.63 per share. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s dividend payout ratio is currently 48.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. TD Cowen cut 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. Deutsche Bank Aktiengesellschaft cut their price objective on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, September 26th. BMO Capital Markets decreased their target price 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. Cowen reiterated a “buy” rating on shares of Accenture in a research report on Friday, September 26th. Finally, Wolfe Research reduced their price target on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $300.22.

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.