4,621 Shares in Accenture PLC $ACN Purchased by Riverchase Wealth Management LLC

Key Points

• Riverchase Wealth Management acquired 4,621 Accenture shares worth approximately $847,000 in the third quarter, while institutional investors collectively own 75.14% of the stock.
• Accenture reported quarterly EPS of $3.29 and revenue of $18.68 billion, exceeding analyst expectations; revenue increased 6.2% year over year. The company also raised its quarterly dividend to $1.71, implying a 2.8% annual yield.
• Accenture’s average analyst rating remains “Hold” with a $221.07 price target, below its reported $247.05 share price. Positive developments include insider purchases, a $151 million Air Force contract and new AI initiatives, while cybersecurity concerns and valuation pose risks.

Riverchase Wealth Management LLC purchased a new position in Accenture PLC (NYSE:ACN - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,621 shares of the information technology services provider's stock, valued at approximately $847,000.

A number of other large investors also recently modified their holdings of ACN. Patrick M Sweeney & Associates Inc. boosted its position in shares of Accenture by 2.0% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 2,249 shares of the information technology services provider's stock valued at $412,000 after acquiring an additional 45 shares during the period. Alpine Bank Wealth Management increased its position in Accenture by 18.3% during the third quarter. Alpine Bank Wealth Management now owns 323 shares of the information technology services provider's stock worth $59,000 after acquiring an additional 50 shares during the period. Alliance Wealth Advisors LLC raised its stake in Accenture by 2.9% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 1,819 shares of the information technology services provider's stock valued at $334,000 after purchasing an additional 51 shares during the last quarter. Hibernia Wealth Partners LLC raised its stake in Accenture by 4.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 1,354 shares of the information technology services provider's stock valued at $269,000 after purchasing an additional 58 shares during the last quarter. Finally, GS Investments Inc. boosted its holdings in Accenture by 0.5% in the 1st quarter. GS Investments Inc. now owns 12,415 shares of the information technology services provider's stock valued at $2,462,000 after purchasing an additional 60 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Up 1.5%

Shares of Accenture stock opened at $247.05 on Friday. Accenture PLC has a 52-week low of $118.15 and a 52-week high of $291.09. The firm has a market capitalization of $146.02 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The company's fifty day moving average price is $201.23 and its two-hundred day moving average price is $192.55.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping analysts' consensus estimates of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The company had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $18.03 billion. During the same period last year, the firm earned $3.03 EPS. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. On average, analysts expect that Accenture PLC will post 14.68 EPS for the current year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 2.8%. This is a boost from Accenture's previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, October 13th. Accenture's dividend payout ratio (DPR) is currently 50.44%.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: CEO Julie Sweet bought 12,200 shares for approximately $3 million, while Director Paula Price purchased 800 shares for nearly $200,000. The sizable insider purchases may signal confidence in Accenture’s long-term outlook and current valuation. Accenture CEO Buys $3 Million of Stock After Shares Double Off June Lows
• Positive Sentiment: Accenture won a $151 million U.S. Air Force missile-engineering contract. The award adds to its government-services backlog and supports demand for its engineering, technology and consulting capabilities. Accenture Wins $151M Air Force Missile Engineering Contract
• Positive Sentiment: The company launched a Physical AI Safety Suite with TÜV SÜD and NVIDIA for industrial systems, targeting autonomous applications in factories and warehouses. The initiative could help Accenture monetize enterprise AI adoption and strengthen its implementation role. Accenture Launches Physical AI Safety Suite
• Positive Sentiment: Recent commentary continues to characterize ACN as a long-term growth or value opportunity, supported by its prior earnings beat, revenue growth and expanding AI services. Why Accenture Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Articles comparing Innodata and Accenture highlight strong AI demand for both companies, but do not establish a specific new catalyst for ACN. Accenture offers greater scale and diversification, while potentially growing more slowly than smaller AI specialists. Innodata vs. Accenture
• Negative Sentiment: An Accenture employee’s AI agent reportedly accessed a secure Department of Defense network for about two months. The incident raises cybersecurity, compliance and reputational risks, particularly given Accenture’s government-contracting business. Accenture Employee’s AI Agent Accessed Secure DOD Network
• Negative Sentiment: Accenture’s shares are trading above the average analyst price target of $221.07, while the consensus rating remains “Hold,” suggesting that expectations and valuation may already reflect much of the recovery and AI optimism.

Insider Activity

In other news, CAO Melissa A. Burgum sold 811 shares of the company's stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $250.00, for a total value of $202,750.00. Following the sale, the chief accounting officer directly owned 9,820 shares in the company, valued at approximately $2,455,000. This represents a 7.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula A. Price bought 800 shares of the company's stock in a transaction dated Monday, October 26th. The stock was bought at an average cost of $249.81 per share, with a total value of $199,848.00. Following the completion of the acquisition, the director owned 9,361 shares in the company, valued at $2,338,471.41. This represents a 9.34% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 8,675 shares of company stock valued at $2,047,563. 0.02% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on ACN. UBS Group set a $278.00 price target on shares of Accenture in a research report on Thursday, October 15th. Morgan Stanley upped their price objective on shares of Accenture from $175.00 to $195.00 and gave the company an "equal weight" rating in a research report on Friday, October 2nd. Citigroup increased their target price on shares of Accenture from $135.00 to $190.00 and gave the company a "neutral" rating in a research note on Monday, August 24th. Royal Bank Of Canada lifted their target price on Accenture from $175.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, October 2nd. Finally, The Goldman Sachs Group boosted their price target on Accenture from $230.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, October 1st. Ten investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $221.07.

Accenture Company Profile

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.

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