1,739 Shares in Accenture PLC $ACN Bought by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC purchased 1,739 shares of Accenture PLC, valued at approximately $520,000, highlighting ongoing institutional interest in the company.
• Accenture recently reported a quarterly earnings of $3.03 per share, surpassing analysts' expectations, with revenue increasing by 7.3% year-over-year to $17.60 billion.
• The company has increased its quarterly dividend to $1.63, up from $1.48, affirming its stable financial footing and commitment to returning value to shareholders.

Turtle Creek Wealth Advisors LLC bought a new position in Accenture PLC (NYSE:ACN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,739 shares of the information technology services provider's stock, valued at approximately $520,000.

Several other hedge funds also recently bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Accenture in the 1st quarter worth $31,000. Inlight Wealth Management LLC purchased a new stake in Accenture in the 1st quarter worth $32,000. RMG Wealth Management LLC purchased a new stake in Accenture in the 2nd quarter worth $33,000. WPG Advisers LLC purchased a new stake in Accenture in the 1st quarter worth $42,000. Finally, Cheviot Value Management LLC purchased a new stake in Accenture in the 1st quarter worth $43,000. Institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

Accenture stock opened at $233.79 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The firm has a market capitalization of $146.43 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.28. The company's 50-day moving average is $246.79 and its 200 day moving average is $279.67.

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 for the quarter, topping 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 for the quarter, compared to analyst estimates of $17.34 billion. During the same period in the prior year, the company posted $2.66 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.63 dividend. This is an increase from Accenture's previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a yield of 2.8%. Accenture's dividend payout ratio is currently 53.66%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Susquehanna decreased their price target on shares of Accenture from $330.00 to $270.00 and set a "neutral" rating on the stock in a research note on Thursday, September 18th. Weiss Ratings restated a "hold (c-)" rating on shares of Accenture in a research report on Wednesday, October 8th. UBS Group decreased their target price on shares of Accenture from $363.00 to $315.00 and set a "buy" rating on the stock in a research report on Wednesday, September 24th. Cowen restated a "buy" rating on shares of Accenture in a research report on Friday, September 26th. Finally, Evercore ISI set a $280.00 target price on shares of Accenture in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $300.22.

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.

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