Prime Capital Investment Advisors LLC Cuts Holdings in Accenture PLC $ACN

Prime Capital Investment Advisors LLC cut its position in shares of Accenture PLC (NYSE:ACN) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,055 shares of the information technology services provider’s stock after selling 1,640 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Accenture were worth $8,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACN. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture during the first quarter valued at approximately $31,000. Inlight Wealth Management LLC purchased a new position in shares of Accenture in the 1st quarter valued at $32,000. WPG Advisers LLC acquired a new position in shares of Accenture during the 1st quarter valued at $42,000. Atwood & Palmer Inc. boosted its position in 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 purchasing an additional 110 shares during the period. Finally, Cheviot Value Management LLC acquired a new stake in Accenture in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other Accenture news, insider Angela Beatty sold 203 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider owned 5,249 shares in the company, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the business’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares in the company, valued at $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,954 shares of company stock valued at $834,280. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the subject of several analyst reports. Benchmark reaffirmed a “mixed” rating on shares of Accenture in a research report on Friday, June 20th. Jefferies Financial Group restated a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. Wall Street Zen upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Friday. Barclays reduced their target price on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research report on Monday, June 23rd. Finally, UBS Group dropped their price target on shares of Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $300.22.

Accenture Stock Performance

ACN stock opened at $248.18 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The stock’s 50 day simple moving average is $248.99 and its 200 day simple moving average is $282.84. The firm has a market cap of $155.44 billion, a P/E ratio of 20.43, a P/E/G ratio of 2.14 and a beta of 1.28.

Accenture (NYSE:ACN) last posted its quarterly earnings results 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 company 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 company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Friday, October 10th. 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 2.6%. Accenture’s dividend payout ratio (DPR) is currently 48.72%.

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.