Accenture PLC $ACN Shares Acquired by Truist Financial Corp

Key Points

• Truist Financial Corp increased its holdings in Accenture PLC by 7.0%, owning 436,202 shares valued at approximately $130.4 million at the end of the second quarter.
• Accenture announced a quarterly dividend increase to $1.63 per share, with a dividend yield of 2.6% and a payout ratio of 48.72%.
• Accenture reported earnings of $3.03 per share for the last quarter, exceeding analyst expectations, with a revenue of $17.60 billion, up 7.3% year-over-year.

Truist Financial Corp boosted its position in Accenture PLC (NYSE:ACN - Free Report) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 436,202 shares of the information technology services provider's stock after acquiring an additional 28,685 shares during the quarter. Truist Financial Corp owned 0.07% of Accenture worth $130,376,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock valued at $6,486,000 after buying an additional 4,905 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of Accenture by 125,880.0% in the 1st quarter. NBC Securities Inc. now owns 6,299 shares of the information technology services provider's stock valued at $1,965,000 after acquiring an additional 6,294 shares during the last quarter. Gradient Investments LLC raised its position in shares of Accenture by 1.2% during the 1st quarter. Gradient Investments LLC now owns 39,589 shares of the information technology services provider's stock worth $12,353,000 after acquiring an additional 485 shares in the last quarter. Merit Financial Group LLC boosted its holdings in Accenture by 7.8% in the first quarter. Merit Financial Group LLC now owns 15,322 shares of the information technology services provider's stock valued at $4,781,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Capital Asset Advisory Services LLC increased its stake in Accenture by 5.9% in the first quarter. Capital Asset Advisory Services LLC now owns 12,705 shares of the information technology services provider's stock valued at $4,019,000 after purchasing an additional 704 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Accenture news, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. The trade was a 17.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares of the company's stock, valued at $2,290,387.05. This represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock valued at $834,280 in the last three months. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Performance

NYSE:ACN opened at $246.72 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. The firm has a market cap of $154.53 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The firm's fifty day moving average price is $251.91 and its 200 day moving average price is $285.04. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping 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 company had revenue of $17.60 billion during the quarter, compared to analysts' expectations of $17.34 billion. During the same quarter last year, the business earned $2.66 EPS. 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. On average, sell-side analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a dividend of $1.63 per share. This is a positive change 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 dividend yield of 2.6%. Accenture's dividend payout ratio (DPR) is currently 48.72%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Accenture from $260.00 to $235.00 and set a "hold" rating for the company in a report on Friday, September 26th. Susquehanna decreased their price objective on shares of Accenture from $330.00 to $270.00 and set a "neutral" rating for the company in a research note on Thursday, September 18th. Barclays cut their target price on Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a research report on Monday, June 23rd. Evercore ISI set a $280.00 target price on Accenture in a research report on Thursday, September 25th. Finally, UBS Group reduced their price objective on Accenture from $363.00 to $315.00 and set a "buy" rating for the company in a research note on Wednesday, September 24th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently 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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