Mesirow Financial Investment Management Inc. Reduces Holdings in Accenture PLC $ACN

by · The Cerbat Gem

Mesirow Financial Investment Management Inc. lessened its position in shares of Accenture PLC (NYSE:ACN – Free Report) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,338 shares of the information technology services provider’s stock after selling 412 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Accenture were worth $29,989,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ACN. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Accenture during the 1st quarter valued at $31,000. RMG Wealth Management LLC bought a new stake in shares of Accenture during the 2nd quarter valued at $33,000. WPG Advisers LLC bought a new stake in shares of Accenture during the 1st quarter valued at $42,000. Cheviot Value Management LLC bought a new stake in shares of Accenture during the 1st quarter valued at $43,000. Finally, Fiduciary Wealth Partners LLC bought a new stake in shares of Accenture during the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ACN shares. Rothschild & Co Redburn boosted their price objective on Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. BMO Capital Markets decreased their price objective on Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research note on Friday, September 26th. BNP Paribas Exane decreased their price objective on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. UBS Group decreased their price objective on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Finally, The Goldman Sachs Group decreased their target price on Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $294.25.

Check Out Our Latest Stock Report on Accenture

Insider Activity at Accenture

In related news, CEO Ryoji Sekido sold 2,500 shares of the 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $253.40, for a total value of $2,280,600.00. Following the sale, the chief executive officer owned 14,516 shares of the company’s stock, valued at $3,678,354.40. This represents a 38.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,402 shares of company stock worth $6,875,974 in the last ninety days. 0.02% of the stock is owned by company insiders.

Accenture Price Performance

Shares of NYSE ACN opened at $249.16 on Friday. The firm has a market capitalization of $164.07 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.16 and a beta of 1.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $247.03 and its two-hundred day simple moving average is $276.39. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35.

Accenture (NYSE:ACN – Get Free Report) last posted its quarterly earnings data 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. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. During the same period in the prior year, the business earned $2.66 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a dividend of $1.63 per share. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio (DPR) is currently 53.66%.

Accenture Company Profile

(Free Report)

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.

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