Accenture PLC $ACN Shares Bought by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale raised its holdings in Accenture PLC by 1.3% in Q2, owning about $507,982,000 worth of shares, making it the firm's 17th largest position.
• Accenture reported earnings of $3.03 per share for the last quarter, exceeding analysts' expectations, with a revenue of $17.60 billion, marking a 7.3% year-over-year increase.
• The company announced an increase in its quarterly dividend to $1.63 per share, with an annualized yield of 2.7%, effective for shareholders of record on October 10th.

DekaBank Deutsche Girozentrale raised its holdings in Accenture PLC (NYSE:ACN - Free Report) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,702,993 shares of the information technology services provider's stock after acquiring an additional 22,383 shares during the quarter. Accenture accounts for about 0.9% of DekaBank Deutsche Girozentrale's holdings, making the stock its 17th biggest position. DekaBank Deutsche Girozentrale owned about 0.27% of Accenture worth $507,982,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Accenture during the 1st quarter worth about $31,000. Inlight Wealth Management LLC acquired a new position in shares of Accenture in the 1st quarter valued at about $32,000. RMG Wealth Management LLC acquired a new position in shares of Accenture in the 2nd quarter valued at about $33,000. WPG Advisers LLC acquired a new position in shares of Accenture in the 1st quarter valued at about $42,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Accenture in the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ACN shares. Argus set a $370.00 price objective on Accenture in a research note on Tuesday, June 24th. Weiss Ratings reissued a "hold (c-)" rating on shares of Accenture in a research report on Wednesday, October 8th. Susquehanna reduced their price target on Accenture from $330.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday, September 18th. BNP Paribas Exane reduced their price target on Accenture from $300.00 to $255.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 24th. Finally, Guggenheim reduced their price target on Accenture from $305.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Accenture presently has an average rating of "Moderate Buy" and a consensus target price of $300.22.

Accenture Price Performance

Shares of NYSE ACN opened at $238.46 on Monday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $157.02 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.08 and a beta of 1.28. The business has a 50 day simple moving average of $246.78 and a 200-day simple moving average of $278.74.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the previous year, the business earned $2.66 EPS. The business's quarterly 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. As a group, equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $1.63 per share. 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 an increase from Accenture's previous quarterly dividend of $1.48. Accenture's dividend payout ratio (DPR) is currently 53.66%.

Accenture 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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