Confluence Investment Management LLC Decreases Stake in Accenture PLC $ACN

by · The Markets Daily

Confluence Investment Management LLC trimmed its position in Accenture PLC (NYSE:ACN – Free Report) by 2.7% in the 3rd quarter, Holdings Channel reports. The firm owned 332,607 shares of the information technology services provider’s stock after selling 9,247 shares during the quarter. Confluence Investment Management LLC’s holdings in Accenture were worth $60,990,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ACN. Dogwood Wealth Management LLC raised its position 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 worth $27,000 after buying an additional 128 shares in the last quarter. IMG Wealth Management Inc. increased its stake 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 worth $31,000 after acquiring an additional 89 shares during the last quarter. Arlington Trust Co LLC raised its holdings in shares of Accenture by 110.4% in the 2nd quarter. Arlington Trust Co LLC now owns 284 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 149 shares in the last quarter. S&G Foundation bought a new stake in shares of Accenture during the 2nd quarter valued at about $37,000. Finally, Whipplewood Advisors LLC grew its holdings in shares of Accenture by 57.9% during the first 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 in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ACN shares. Oppenheimer set a $201.00 target price on shares of Accenture in a research report on Monday, June 8th. Citigroup raised their price objective on shares of Accenture from $135.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Wolfe Research upped their target price on shares of Accenture from $165.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada set a $195.00 price target on Accenture in a research report on Tuesday, September 15th. Finally, BMO Capital Markets lifted their price target on Accenture from $150.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 23rd. Ten investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Accenture currently has a consensus rating of “Hold” and a consensus price target of $200.52.

Check Out Our Latest Analysis on Accenture

Accenture Trading Up 18.2%

NYSE:ACN traded up $33.31 during trading hours on Thursday, reaching $216.68. The company’s stock had a trading volume of 19,059,994 shares, compared to its average volume of 6,930,799. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $144.70 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.46 and a beta of 1.10. The firm has a 50-day simple moving average of $178.40 and a 200-day simple moving average of $173.35. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09.

Accenture (NYSE:ACN – Get Free Report) last posted its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.11. The business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $18.02 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Research analysts expect that Accenture PLC will post 13.87 EPS for the current fiscal year.

Accenture announced that its board has approved a share buyback plan on Tuesday, June 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Key Accenture News

Here are the key news stories impacting Accenture this week:

  • Positive Sentiment: Quarterly results exceeded expectations: Accenture reported adjusted earnings of $3.29 per share versus the $3.18 consensus estimate, while revenue reached $18.68 billion, ahead of the $18.02 billion forecast. Revenue increased 6.2% year over year. Accenture rallies more than 20% after earnings beat, heads for best day ever
  • Positive Sentiment: Record bookings supported demand visibility: A record level of large client bookings, along with full-year revenue of approximately $74.2 billion, provided evidence that clients continue to invest in consulting and technology services despite AI-related disruption fears. Accenture Soars as Record Bookings Dispel AI Demand Fears
  • Positive Sentiment: Shareholder returns increased: The company raised its quarterly dividend and reportedly returned a record $11.5 billion to shareholders during fiscal 2026, reinforcing its capital-return appeal. Accenture Reports Fourth-Quarter and Full-Year Fiscal 2026 Results
  • Neutral Sentiment: Fiscal 2027 outlook was broadly in line: Accenture forecast adjusted EPS of $14.39–$14.81 and revenue of $76.4–$78.7 billion. The EPS range brackets consensus, while the revenue outlook is close to expectations, limiting the upside from guidance alone.

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 10,498 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $162.98, for a total transaction of $1,710,964.04. Following the transaction, the general counsel directly owned 17,735 shares in the company, valued at $2,890,450.30. This trade represents a 37.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by insiders.

Accenture Profile

(Free Report)

Accenture plc (NYSE: ACN) is a global professional services company that helps organizations improve performance, modernize operations and respond to technological and market changes. Its services span strategy and consulting, technology, operations, and managed services, with expertise across industries including communications, financial services, health care, public service, retail, manufacturing and resources.

The company provides digital transformation, cloud migration, data and artificial intelligence, cybersecurity, systems integration and technology implementation services.

Featured Stories

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN – Free Report).