Accenture PLC $ACN Shares Purchased by Cullen Frost Bankers Inc.

Key Points

• Cullen Frost Bankers Inc. increased its stake in Accenture PLC by 18.0% during the second quarter, acquiring an additional 3,761 shares, bringing its total holdings to 24,682 shares valued at approximately $7.37 million.
• Accenture recently announced a quarterly dividend of $1.63 per share, representing a 2.6% yield, with the dividend increase from the previous quarter's $1.48.
• The company reported a 7.3% year-over-year revenue increase to $17.60 billion for the latest quarter and outperformed analysts' earnings expectations with an EPS of $3.03.

Cullen Frost Bankers Inc. lifted its stake in Accenture PLC (NYSE:ACN - Free Report) by 18.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,682 shares of the information technology services provider's stock after acquiring an additional 3,761 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Accenture were worth $7,377,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ACN. Brighton Jones LLC lifted its holdings in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock worth $6,486,000 after buying an additional 4,905 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Accenture by 9.7% during the 1st quarter. International Assets Investment Management LLC now owns 1,585 shares of the information technology services provider's stock worth $495,000 after buying an additional 140 shares in the last quarter. Archford Capital Strategies LLC lifted its holdings in Accenture by 24.1% during the 1st quarter. Archford Capital Strategies LLC now owns 7,296 shares of the information technology services provider's stock worth $2,277,000 after buying an additional 1,419 shares in the last quarter. Field & Main Bank lifted its holdings in Accenture by 5.1% during the 1st quarter. Field & Main Bank now owns 5,800 shares of the information technology services provider's stock worth $1,810,000 after buying an additional 280 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its holdings in shares of Accenture by 0.7% in the 1st quarter. Daymark Wealth Partners LLC now owns 5,891 shares of the information technology services provider's stock valued at $1,838,000 after purchasing an additional 41 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Down 0.5%

NYSE ACN opened at $249.14 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm's fifty day moving average price is $247.18 and its 200 day moving average price is $278.05. The company has a market capitalization of $164.05 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 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 firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same period last year, the firm posted $2.66 EPS. The company'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 earnings per share for the current fiscal year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 10th. This is an increase from Accenture's previous quarterly dividend of $1.48. Accenture's payout ratio is 53.66%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Mizuho reduced their price objective on shares of Accenture from $348.00 to $309.00 and set an "outperform" rating on the stock in a report on Monday, September 29th. The Goldman Sachs Group reduced their price objective on shares of Accenture from $370.00 to $330.00 and set a "buy" rating on the stock in a report on Friday, September 26th. Robert W. Baird reduced their price objective on shares of Accenture from $350.00 to $330.00 and set an "outperform" rating on the stock in a report on Friday, September 26th. HSBC reduced their price objective on shares of Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Finally, Wall Street Zen lowered shares of Accenture from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $297.48.

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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