Accenture PLC $ACN Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. lowered its position in Accenture PLC (NYSE:ACN) by 87.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,957 shares of the information technology services provider’s stock after selling 74,675 shares during the period. Nomura Holdings Inc.’s holdings in Accenture were worth $3,275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in shares of Accenture by 63.8% in the second quarter. Geneos Wealth Management Inc. now owns 26,298 shares of the information technology services provider’s stock valued at $7,860,000 after buying an additional 10,241 shares in the last quarter. Rexford Capital Inc. acquired a new stake in Accenture in the 2nd quarter valued at about $718,000. Goodman Advisory Group LLC increased its holdings in Accenture by 9.7% during the 2nd quarter. Goodman Advisory Group LLC now owns 767 shares of the information technology services provider’s stock valued at $229,000 after acquiring an additional 68 shares in the last quarter. Parr Mcknight Wealth Management Group LLC raised its position in Accenture by 51.7% during the second quarter. Parr Mcknight Wealth Management Group LLC now owns 25,285 shares of the information technology services provider’s stock worth $7,558,000 after acquiring an additional 8,615 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its position in shares of Accenture by 235.8% in the second quarter. Evergreen Capital Management LLC now owns 24,121 shares of the information technology services provider’s stock valued at $7,210,000 after purchasing an additional 16,938 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the sale, the chief executive officer directly owned 1,390 shares in the company, valued at $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the transaction, the insider directly owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,319 shares of company stock worth $8,335,225 in the last ninety days. Insiders own 0.02% of the company’s stock.

Accenture Stock Up 1.3%

Shares of NYSE:ACN opened at $275.02 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a market cap of $181.10 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 2.64 and a beta of 1.26. The stock’s 50-day moving average price is $251.01 and its two-hundred day moving average price is $264.55. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter in the prior year, the company posted $2.66 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. On average, research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 10th were issued a $1.63 dividend. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date was Friday, October 10th. 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%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. HSBC cut their price objective on Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. Susquehanna reduced their price objective on Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. Royal Bank Of Canada decreased their price objective on Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. The Goldman Sachs Group cut their target price on shares of Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Finally, Morgan Stanley decreased their price target on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 9th. One research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.04.

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.