Verity & Verity 13F: Cuts Accenture (ACN) Stake by $531K
Key Points
- Verity & Verity cut its Accenture plc stake by 2,894 shares, leaving it with 187,669 shares valued at $34,412,865.
- Accenture plc recently traded near $249.42, sitting well above its 50-day and 200-day moving averages.
- Three company insiders sold shares in October 2026, including Chief Operating Officer Catherine Kiernan Hogan.
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Verity & Verity trimmed its stake in Accenture plc ACN by 2,894 shares during the quarter, bringing its total holding down to 187,669 shares. According to a Form 13F filing with the SEC on October 23, 2026, the reduced position was valued at $34,412,865. The fund held 190,563 shares prior to the adjustment, marking a 1.5% decrease.
What Changed in Verity & Verity's Accenture Position
The 1.5% reduction lowered Verity & Verity's share count from 190,563 down to 187,669 shares. Even with the trim, the professional services firm maintains a sizable holding in the consulting company.
Other Institutional Activity in Accenture
Other institutional investors adjusted their positions in Accenture during a similar window. Private Wealth Partners grew its holdings by 3,963 shares, ending with 7,957 shares worth about $1,459,075 after a 99.2% increase. First Merchants reduced its stake by 3,131 shares, leaving it with 38,560 shares valued at $7,070,748 following a 7.5% drop. Euro Pacific Asset Management lifted its position by 11,738 shares, concluding the period with 117,454 shares worth approximately $22,339,785 after an 11.1% increase. DAVENPORT cut its holdings significantly by 481,931 shares, finishing with 341,083 shares valued at $61,967,640 following a 58.6% decrease. Howland Capital Management trimmed 12,784 shares to end with 8,960 shares worth about $1,642,996 after a 58.8% cut.
Accenture plc Stock Up 3.8%
Accenture shares recently traded around $249.42 as of October 24, 2026, closing at $249.37 on the filing date. The stock sits about 28.3% above its 50-day moving average and roughly 29.6% above its 200-day moving average, though it remains 14.3% below its 52-week high of $291.09.
Recent Earnings
Accenture posted trailing-twelve-month revenue of $74.18 billion alongside trailing earnings of $13.56 per share. The company reported a net profit margin of 11.3% and a return on equity of 26.0%. Its next earnings report is scheduled for December 17, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 analysts cut price targets. 0 raised targets after the report.
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EPS & revenue
EPS beat estimates by 1.4%. Revenue missed estimates by 1.1%.
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Profit surprise
EBITDA came in 17% below estimates. Operating income met estimates.
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Pre-earnings setup
Expectations were about average going in.
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Analyst signal
2 analyst downgrades after the report. 8 price target cuts after the report.
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Earnings quality
Free cash flow was positive.
Earnings Call Summary
Accenture delivered a strong quarter with $18.7 billion in revenue, up four percent year over year, and record bookings of $22.1 billion. The company now has 85,000 artificial intelligence and data professionals, exceeding its goal. Management highlighted major demand from clients across artificial intelligence transformation, cybersecurity, and core business process modernization, with significant momentum in large enterprise programs and growing opportunities in emerging markets.
Guidance Accenture raised full year guidance and now expects between $127.25 billion and $128.75 billion in revenue for fiscal 2026. They also increased earnings per share guidance to between $13.65 and $13.90. Management expects three percent to five percent revenue growth, with free cash flow expected to reach $10.8 billion to $11.5 billion, and plans to deploy about $5 billion in acquisitions.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Dividend
Accenture pays an annual dividend rate of $6.84 per share, offering a dividend yield of 2.64%. The company maintains a payout ratio of 48.1%.
Insider Buying and Selling at Accenture plc
Insiders executed multiple transactions in October 2026. Chief Operating Officer Catherine Kiernan Hogan sold 700 shares on October 12 at an average price of $214.24 for a total of $149,965 under a planned trading program. Chief Accounting Officer Melissa A. Burgum sold 811 shares on October 22 at $250.00 apiece, totaling $202,750 under a Rule 10b5-1 plan. Co-CEO Asia Pacific Ryoji Sekido sold 5,844 shares on October 22 at an average price of $244.84 for a total of $1,430,826.
Analysts Set New Price Targets
Wall Street firms updated their views on Accenture through October 2026. Goldman Sachs maintained a Buy rating on October 2 with a target price of $260.00. Mizuho kept an Outperform rating on October 6, raising its target to $241.00. TD Cowen maintained a Hold rating on October 15 with a target of $201.00. Susquehanna kept a Neutral rating on October 15 with a $230.00 target. Baird downgraded the stock to Neutral on October 21 while raising its target to $252.00. Accenture currently carries a consensus buy recommendation and a mean price target of $227.07 across 24 analyst opinions.
About Accenture
Headquartered in Dublin, Ireland, Accenture is a global professional services company that provides a broad range of consulting, strategy, digital, technology, and operations services and solutions. With a massive workforce spanning multiple continents, the firm helps enterprise clients navigate digital transformations, cloud migrations, and security integration. Institutional interest remains high as businesses continue to lean on technology consulting to modernize operations.
Bottom Line
Verity & Verity's modest trim reflects routine portfolio rebalancing rather than a shift in Accenture's underlying business. Investors will look toward the upcoming earnings release on December 17, 2026, for further insight into the consulting giant's financial trajectory.
Source: Verity & Verity's 13F filing on $ACN (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts