Accenture PLC $ACN Shares Bought by Summit Financial Wealth Advisors LLC

Key Points

• Summit Financial Wealth Advisors increased its Accenture stake by 1,752.3% in the third quarter, bringing its holdings to 72,370 shares valued at approximately $13.27 million. Institutional investors own 75.14% of ACN.
• Accenture’s latest quarterly results beat expectations, with earnings of $3.29 per share and revenue of $18.68 billion, up 6.2% year over year. The company reaffirmed fiscal 2027 EPS guidance of $14.39 to $14.81.
• Accenture raised its quarterly dividend from $1.63 to $1.71 per share and maintains a $2 billion share-repurchase authorization, while analysts remain cautious with a consensus “Hold” rating and average price target of $219.26.

Summit Financial Wealth Advisors LLC increased its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 1,752.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,370 shares of the information technology services provider's stock after purchasing an additional 68,463 shares during the period. Accenture makes up 1.6% of Summit Financial Wealth Advisors LLC's portfolio, making the stock its 18th biggest position. Summit Financial Wealth Advisors LLC's holdings in Accenture were worth $13,270,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ACN. Alliance Wealth Advisors LLC increased 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 worth $334,000 after buying an additional 51 shares during the period. Hibernia Wealth Partners LLC boosted its position in Accenture by 4.5% in 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 buying an additional 58 shares during the last quarter. City National Bank of Florida MSD boosted its position in Accenture by 5.8% in the 4th quarter. City National Bank of Florida MSD now owns 1,073 shares of the information technology services provider's stock valued at $288,000 after buying an additional 59 shares during the last quarter. Kennebec Savings Bank grew its stake in shares of Accenture by 38.0% during the first quarter. Kennebec Savings Bank now owns 218 shares of the information technology services provider's stock valued at $43,000 after acquiring an additional 60 shares in the last quarter. Finally, GS Investments Inc. grew its stake in shares of Accenture by 0.5% during the first quarter. GS Investments Inc. now owns 12,415 shares of the information technology services provider's stock valued at $2,462,000 after acquiring an additional 60 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Accenture Stock Up 5.0%

Shares of ACN stock traded up $10.67 during trading hours on Thursday, hitting $225.63. 4,868,146 shares of the company were exchanged, compared to its average volume of 6,984,994. The stock has a market capitalization of $150.68 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.76 and a beta of 1.11. Accenture PLC has a one year low of $118.15 and a one year high of $291.09. The business's 50-day simple moving average is $187.24 and its two-hundred day simple moving average is $173.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.34 and a current ratio of 1.43.

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

Accenture declared that its Board of Directors has initiated a share buyback program on Tuesday, June 23rd that allows the company to buy back $2.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 2.4% of its shares through open market purchases. Share repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 3.0%. This is a boost from Accenture's previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, October 13th. Accenture's dividend payout ratio (DPR) is 50.44%.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture raised its quarterly dividend from $1.63 to $1.71 per share, equivalent to $6.84 annually and an approximately 3.2% yield. The company also maintains a $2 billion share-repurchase authorization, supporting shareholder returns. Accenture stock report
• Positive Sentiment: New and expanded AI initiatives with Anthropic, Dell Technologies and Workday, including Workday’s forward-deployed engineering program, could increase demand for enterprise AI implementation, cybersecurity and private AI infrastructure services. Accenture deepens AI push
• Positive Sentiment: The planned acquisition of Sagacity Solutions should expand AI-driven customer intelligence capabilities in Accenture Song’s U.K. and Ireland operations, although the financial impact was not disclosed. Accenture acquires Sagacity Solutions
• Positive Sentiment: Recent quarterly results exceeded estimates: earnings were $3.29 per share versus a $3.18 consensus, while revenue rose 6.2% year over year to $18.68 billion. The company reaffirmed fiscal 2027 EPS guidance of $14.39 to $14.81.
• Neutral Sentiment: Analyst actions were mixed. Susquehanna raised its target to $230 and kept a neutral rating, while TD Cowen lifted its target to $201 but maintained a hold rating—below the recent trading level. Accenture analyst coverage
• Negative Sentiment: Investors remain concerned that Accenture’s AI-driven rally may have outpaced underlying growth. Cautious technology budgets, pricing pressure, acquisition dependence and execution risks could limit additional upside.
• Negative Sentiment: COO Catherine Hogan sold 700 shares for approximately $150,000 under a pre-arranged Rule 10b5-1 plan. The transaction is relatively small and planned, but may modestly weigh on sentiment. Accenture SEC insider filing

Insiders Place Their Bets

In other Accenture news, COO Catherine Hogan sold 1,320 shares of Accenture stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $200.00, for a total value of $264,000.00. Following the completion of the transaction, the chief operating officer owned 12,556 shares of the company's stock, valued at $2,511,200. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Joel Unruch sold 10,498 shares of the business's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $162.98, for a total transaction of $1,710,964.04. Following the sale, the general counsel owned 17,735 shares of the company's stock, valued at approximately $2,890,450.30. The trade was a 37.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 12,518 shares of company stock valued at $2,124,932. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ACN. Deutsche Bank Aktiengesellschaft boosted their price target on Accenture from $136.00 to $175.00 and gave the stock a "hold" rating in a research note on Friday, September 18th. TD Cowen increased their price target on Accenture from $193.00 to $201.00 and gave the company a "hold" rating in a report on Thursday. BMO Capital Markets set a $235.00 price objective on Accenture in a research note on Friday, October 2nd. UBS Group set a $278.00 price objective on Accenture in a report on Thursday. Finally, DA Davidson cut their target price on Accenture from $275.00 to $175.00 and set a "buy" rating on the stock in a research report on Tuesday, June 23rd. Eleven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $219.26.

Accenture Profile

Accenture plc NYSE: ACN is a global professional services company that helps organizations improve performance, modernize operations and respond to technological and market changes. Its services span strategy and consulting, technology, operations, and managed services, with expertise across industries including communications, financial services, health care, public service, retail, manufacturing and resources.

The company provides digital transformation, cloud migration, data and artificial intelligence, cybersecurity, systems integration and technology implementation services.

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.