Accenture PLC $ACN Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its holdings in Accenture PLC by 2.6% in Q2, owning 88,780 shares valued at approximately $26.5 million.
• Accenture reported Q3 earnings of $3.03 per share, surpassing analysts' expectations, with revenue of $17.6 billion, reflecting a 7.3% year-over-year increase.
• The company announced a quarterly dividend of $1.63, up from $1.48, representing an annualized yield of 2.7% for investors on record by October 10th.

Cwm LLC lifted its holdings in Accenture PLC (NYSE:ACN - Free Report) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,780 shares of the information technology services provider's stock after purchasing an additional 2,272 shares during the period. Cwm LLC's holdings in Accenture were worth $26,536,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Redwood Investments LLC increased its position in shares of Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider's stock worth $6,892,000 after acquiring an additional 1,287 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Accenture by 7.0% during the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider's stock valued at $130,376,000 after acquiring an additional 28,685 shares during the period. Lipe & Dalton raised its holdings in shares of Accenture by 2,087.4% during the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock valued at $1,570,000 after acquiring an additional 4,801 shares during the period. PDS Planning Inc raised its holdings in shares of Accenture by 34.7% during the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider's stock valued at $1,212,000 after acquiring an additional 1,044 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Accenture by 6.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider's stock valued at $21,187,000 after acquiring an additional 4,281 shares during the period. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Stock Performance

ACN stock opened at $241.11 on Monday. 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 company has a market capitalization of $151.01 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 2.10 and a beta of 1.28. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The firm has a 50 day moving average of $247.45 and a two-hundred day moving average of $281.18.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating 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 business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the business posted $2.66 EPS. Accenture's revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal 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 paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 10th. This is a boost from Accenture's previous quarterly dividend of $1.48. Accenture's dividend payout ratio (DPR) is 53.66%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ACN shares. JPMorgan Chase & Co. cut their price target on shares of Accenture from $302.00 to $290.00 and set an "overweight" rating on the stock in a report on Friday, September 26th. Rothschild & Co Redburn boosted their price objective on shares of Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. UBS Group lowered their price objective 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. Morgan Stanley lowered their price objective on shares of Accenture from $325.00 to $271.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 9th. Finally, Robert W. Baird lowered their price objective on shares of Accenture from $350.00 to $330.00 and set an "outperform" rating on the stock in a research report on Friday, September 26th. 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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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