Accenture PLC $ACN Stock Holdings Boosted by Marks Group Wealth Management Inc

Key Points

• Marks Group Wealth Management Inc increased its stake in Accenture PLC by 4.1% in Q2, acquiring an additional 1,024 shares, bringing its total to 26,175 shares valued at approximately $7.82 million.
• Accenture reported earnings per share of $3.03 for the last quarter, exceeding expectations and demonstrating a 7.3% revenue increase compared to the same period last year.
• The company announced a quarterly dividend increase to $1.63 per share, with a projected annual yield of 2.7%, effective November 14th.

Marks Group Wealth Management Inc raised its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,175 shares of the information technology services provider's stock after purchasing an additional 1,024 shares during the quarter. Marks Group Wealth Management Inc's holdings in Accenture were worth $7,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Running Oak Capital LLC boosted its stake in Accenture by 15.0% during the 2nd quarter. Running Oak Capital LLC now owns 50,351 shares of the information technology services provider's stock valued at $15,049,000 after purchasing an additional 6,581 shares in the last quarter. Three Bridge Wealth Advisors LLC boosted its stake in shares of Accenture by 24.9% during the 2nd quarter. Three Bridge Wealth Advisors LLC now owns 3,123 shares of the information technology services provider's stock worth $933,000 after acquiring an additional 622 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of Accenture by 16.5% during the 2nd quarter. Merit Financial Group LLC now owns 17,849 shares of the information technology services provider's stock worth $5,335,000 after acquiring an additional 2,527 shares in the last quarter. IVC Wealth Advisors LLC boosted its stake in shares of Accenture by 12.7% during the 2nd quarter. IVC Wealth Advisors LLC now owns 780 shares of the information technology services provider's stock worth $233,000 after acquiring an additional 88 shares in the last quarter. Finally, Marietta Wealth Management LLC boosted its position in shares of Accenture by 5.2% in the second quarter. Marietta Wealth Management LLC now owns 24,148 shares of the information technology services provider's stock worth $7,218,000 after buying an additional 1,190 shares during the period. 75.14% of the stock is owned by institutional investors.

Accenture Price Performance

Shares of NYSE:ACN opened at $245.39 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The business has a fifty day simple moving average of $249.57 and a 200 day simple moving average of $283.24. The firm has a market cap of $153.69 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.14 and a beta of 1.28.

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 for the quarter, beating the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the company earned $2.66 earnings per share. The business'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, sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal 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 issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.7%. This is an increase from Accenture's previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture's dividend payout ratio is 48.72%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ACN. The Goldman Sachs Group decreased their target price on Accenture from $370.00 to $330.00 and set a "buy" rating for the company in a research report on Friday, September 26th. UBS Group decreased their target price on Accenture from $363.00 to $315.00 and set a "buy" rating for the company in a research report on Wednesday, September 24th. BNP Paribas Exane decreased their target price on Accenture from $300.00 to $255.00 and set a "neutral" rating for the company in a research report on Wednesday, September 24th. Mizuho decreased their target price on Accenture from $348.00 to $309.00 and set an "outperform" rating for the company in a research report on Monday, September 29th. Finally, Barclays decreased their target price on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research report on Monday, June 23rd. 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $300.22.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 203 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider owned 5,249 shares in the company, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock worth $834,280 over the last three months. Corporate insiders own 0.02% of the company's stock.

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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