Accenture PLC $ACN Stock Holdings Lessened by Asset Advisors Investment Management LLC

Key Points

• Asset Advisors Investment Management LLC has reduced its stake in Accenture PLC by 3.7%, now holding 73,187 shares valued at approximately $21.9 million, marking it as their 13th largest holding.
• Accenture's quarterly earnings report exceeded analysts' expectations, with an EPS of $3.03 and revenue of $17.60 billion, up 7.3% from the previous year.
• The company has announced a quarterly dividend increase to $1.63 per share, reflecting a 2.7% yield, marking a rise from the previous $1.48 dividend.

Asset Advisors Investment Management LLC lessened its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,187 shares of the information technology services provider's stock after selling 2,809 shares during the quarter. Accenture makes up approximately 2.2% of Asset Advisors Investment Management LLC's portfolio, making the stock its 13th largest holding. Asset Advisors Investment Management LLC's holdings in Accenture were worth $21,875,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Accenture by 5.7% during the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock valued at $19,912,594,000 after acquiring an additional 3,419,577 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock valued at $2,793,889,000 after purchasing an additional 3,490,569 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Accenture by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock valued at $2,111,378,000 after purchasing an additional 228,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Accenture by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider's stock valued at $1,923,225,000 after purchasing an additional 126,548 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Accenture by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider's stock valued at $1,600,470,000 after purchasing an additional 164,573 shares during the last quarter. Institutional investors own 75.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group restated a "hold" rating on shares of Accenture in a research note on Tuesday. Wolfe Research lowered their price objective on shares of Accenture from $290.00 to $285.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Cowen restated a "buy" rating on shares of Accenture in a research note on Friday, September 26th. JPMorgan Chase & Co. lowered their price objective on shares of Accenture from $302.00 to $290.00 and set an "overweight" rating on the stock in a research note on Friday, September 26th. Finally, Royal Bank Of Canada decreased their price target on shares of Accenture from $372.00 to $285.00 and set an "outperform" rating on the stock in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $300.22.

Accenture Stock Up 0.4%

Shares of NYSE ACN opened at $244.58 on Friday. The stock has a market cap of $153.19 billion, a PE ratio of 20.13, a PEG ratio of 2.12 and a beta of 1.28. The business has a fifty day moving average of $250.32 and a two-hundred day moving average of $284.19. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. 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 results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.05. The business had revenue of $17.60 billion during the quarter, compared to analysts' expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.66 earnings per share. 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 fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 dividend 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 is presently 48.72%.

Insider Transactions at Accenture

In other Accenture news, insider Angela Beatty sold 203 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the sale, the insider owned 5,249 shares in the company, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the sale, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. The trade was a 21.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is currently owned by company insiders.

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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