Accenture PLC $ACN Shares Sold by Praxis Investment Management Inc.

Key Points

• Praxis Investment Management Inc. reduced its stake in Accenture PLC by 12.6%, selling 2,860 shares to hold a total of 19,769 shares valued at approximately $5.9 million.
• Accenture recently reported quarterly earnings of $3.03 per share, surpassing estimates, with revenue of $17.6 billion, marking a 7.3% year-over-year increase.
• The company announced a dividend increase to $1.63 per share, providing a yield of 2.8%, with the next payment set for November 14th.

Praxis Investment Management Inc. lessened its stake in Accenture PLC (NYSE:ACN - Free Report) by 12.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,769 shares of the information technology services provider's stock after selling 2,860 shares during the quarter. Praxis Investment Management Inc.'s holdings in Accenture were worth $5,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ACN. Brighton Jones LLC lifted its holdings in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock valued at $6,486,000 after acquiring an additional 4,905 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Accenture by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 238,295 shares of the information technology services provider's stock worth $74,357,000 after purchasing an additional 9,689 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Accenture by 62.2% during the first quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider's stock worth $282,000 after purchasing an additional 347 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of Accenture by 13.4% during the first quarter. Kingswood Wealth Advisors LLC now owns 2,095 shares of the information technology services provider's stock worth $654,000 after purchasing an additional 248 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in Accenture by 0.5% during the 1st quarter. Johnson Investment Counsel Inc. now owns 383,436 shares of the information technology services provider's stock worth $119,647,000 after acquiring an additional 1,890 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Down 2.5%

Shares of NYSE:ACN opened at $233.79 on Friday. The stock has a market capitalization of $146.43 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.28. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The company's fifty day moving average is $246.79 and its two-hundred day moving average is $279.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. Accenture's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a $1.63 dividend. This is a boost from Accenture's previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 10th. Accenture's dividend payout ratio is 53.66%.

Analyst Ratings Changes

ACN has been the topic of several recent research reports. Morgan Stanley reduced their price target on Accenture from $325.00 to $271.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 9th. Wall Street Zen cut shares of Accenture from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Wolfe Research cut their price objective on shares of Accenture from $290.00 to $285.00 and set an "outperform" rating on the stock in a report on Tuesday, September 23rd. The Goldman Sachs Group cut 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. Finally, HSBC cut their price target on Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $300.22.

About Accenture

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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