Accenture PLC $ACN Stock Position Decreased by Northeast Investment Management

Key Points

• Northeast Investment Management has decreased its holdings in Accenture PLC by 21.5%, now owning 93,101 shares valued at approximately $27.8 million.
• Accenture recently reported earnings per share of $3.03 for the quarter, surpassing estimates, with revenue also beating expectations at $17.60 billion.
• The company has announced an increase in its quarterly dividend from $1.48 to $1.63, with a dividend yield of 2.7%, reflecting strong financial performance.

Northeast Investment Management decreased its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 21.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,101 shares of the information technology services provider's stock after selling 25,498 shares during the quarter. Accenture makes up approximately 1.2% of Northeast Investment Management's holdings, making the stock its 28th biggest holding. Northeast Investment Management's holdings in Accenture were worth $27,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Accenture during the first quarter worth about $31,000. Inlight Wealth Management LLC acquired a new stake in Accenture during the first quarter worth about $32,000. RMG Wealth Management LLC acquired a new stake in Accenture during the second quarter worth about $33,000. WPG Advisers LLC acquired a new stake in Accenture during the first quarter worth about $42,000. Finally, Cheviot Value Management LLC acquired a new stake in Accenture during the first quarter worth about $43,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Analyst Upgrades and Downgrades

ACN has been the topic of several research reports. Rothschild & Co Redburn increased their price objective on shares of Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. Cowen restated a "buy" rating on shares of Accenture in a research report on Friday, September 26th. Jefferies Financial Group restated a "hold" rating on shares of Accenture in a research report on Tuesday, September 30th. Stifel Nicolaus decreased their target price on shares of Accenture from $355.00 to $315.00 and set a "buy" rating for the company in a research report on Tuesday, September 16th. Finally, Mizuho decreased their target price on shares of Accenture from $348.00 to $309.00 and set an "outperform" rating for the company in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $300.22.

Accenture Trading Up 1.9%

Accenture stock opened at $238.46 on Friday. The firm has a 50 day simple moving average of $246.78 and a 200-day simple moving average of $278.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. The stock has a market capitalization of $157.02 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.08 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 quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 11.02% and a return on equity of 26.45%. The business's revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm 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 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is a boost from Accenture's previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture's payout ratio is 53.66%.

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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