Accenture PLC $ACN is Stack Financial Management Inc's 5th Largest Position

Key Points

• Stack Financial Management Inc has reduced its holdings in Accenture PLC by 1.4%, making it the company's 5th largest position at 3.6% of its portfolio, valued at approximately $40.9 million.
• Accenture recently reported a quarterly earnings per share of $3.03, surpassing analysts' expectations and achieving a year-over-year revenue increase of 7.3%.
• The company announced an increase in its quarterly dividend to $1.63, with a dividend yield of 2.7% and a payout ratio of 53.66%.

Stack Financial Management Inc trimmed its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,871 shares of the information technology services provider's stock after selling 1,891 shares during the period. Accenture comprises 3.6% of Stack Financial Management Inc's investment portfolio, making the stock its 5th biggest holding. Stack Financial Management Inc's holdings in Accenture were worth $40,909,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Accenture during the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC purchased a new position in shares of Accenture during the 1st quarter worth approximately $32,000. RMG Wealth Management LLC purchased a new position in shares of Accenture during the 2nd quarter worth approximately $33,000. WPG Advisers LLC purchased a new position in shares of Accenture during the 1st quarter worth approximately $42,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Accenture during the 1st quarter worth approximately $43,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

ACN stock opened at $241.11 on Monday. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The stock's fifty day simple moving average is $247.45 and its 200-day simple moving average is $281.18. 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 stock has a market capitalization of $151.01 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28.

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 (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion for the quarter, compared to analysts' expectations of $17.34 billion. During the same quarter last year, the firm earned $2.66 earnings per share. The business'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. Equities research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 2.7%. Accenture's dividend payout ratio is 53.66%.

Wall Street Analyst Weigh In

ACN has been the subject of several research analyst reports. Susquehanna dropped their price objective on Accenture from $330.00 to $270.00 and set a "neutral" rating for the company in a research note on Thursday, September 18th. Morgan Stanley dropped their price objective on Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 9th. Barclays dropped their price objective on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of Accenture in a research note on Tuesday, September 30th. Finally, Wolfe Research dropped their price objective on Accenture from $290.00 to $285.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Accenture has an average rating of "Moderate Buy" and an average 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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