35,735 Shares in Accenture PLC $ACN Purchased by Two Point Capital Management Inc.

Key Points

• Two Point Capital Management Inc. has acquired 35,735 shares of Accenture PLC, valued at approximately $10.68 million, making it the fund's ninth largest position.
• Accenture reported quarterly earnings of $3.03 per share, surpassing estimates and showing a 7.3% year-over-year revenue increase to $17.60 billion.
• The company announced a quarterly dividend of $1.63 per share, a rise from the previous $1.48, indicating a stable dividend policy with a yield of 2.7%.

Two Point Capital Management Inc. purchased a new position in shares of Accenture PLC (NYSE:ACN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 35,735 shares of the information technology services provider's stock, valued at approximately $10,681,000. Accenture accounts for about 4.5% of Two Point Capital Management Inc.'s portfolio, making the stock its 9th biggest position.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Accenture by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock valued at $19,912,594,000 after buying an additional 3,419,577 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Accenture by 63.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Accenture by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock valued at $2,111,378,000 after acquiring an additional 228,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Accenture by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider's stock worth $1,923,225,000 after purchasing an additional 126,548 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Accenture by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider's stock valued at $1,600,470,000 after purchasing an additional 164,573 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Stock Performance

Shares of Accenture stock opened at $244.58 on Friday. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The stock has a market cap of $153.19 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.28. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $250.32 and a 200-day simple moving average of $284.19.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business had revenue of $17.60 billion for the quarter, compared to analysts' expectations of $17.34 billion. During the same period in the previous year, the company posted $2.66 EPS. Accenture's revenue 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. On average, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Accenture's previous quarterly dividend of $1.48. Accenture's payout ratio is currently 48.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ACN shares. HSBC cut their price objective on Accenture from $240.00 to $215.00 in a report on Friday, September 26th. TD Cowen lowered their price objective on shares of Accenture from $313.00 to $295.00 and set a "buy" rating on the stock in a research note on Friday, September 26th. Barclays reduced their target price on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a report on Monday, June 23rd. Rothschild & Co Redburn upped their price target on Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Finally, Susquehanna cut their price objective on Accenture from $330.00 to $270.00 and set a "neutral" rating for the company in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Accenture presently has an average rating of "Moderate Buy" and a consensus price target of $300.22.

Insider Activity at Accenture

In related news, insider Angela Beatty sold 203 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of the sale, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,954 shares of company stock valued at $834,280. Corporate insiders own 0.02% of the company's stock.

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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