Allspring Global Investments Holdings LLC Has $95.29 Million Stock Holdings in Accenture PLC $ACN

Key Points

• Allspring Global Investments Holdings LLC has increased its holdings in Accenture PLC by 7.9% during the second quarter, now owning approximately $95.29 million worth of shares.
• Accenture recently declared a quarterly dividend increase to $1.63 per share, up from $1.48, representing an annualized dividend yield of 2.7%.
• Analysts have adjusted their price targets on Accenture, with Deutsche Bank lowering its target from $260 to $235, while the stock currently has an average rating of "Moderate Buy" with a target price of $300.22.

Allspring Global Investments Holdings LLC grew its holdings in Accenture PLC (NYSE:ACN - Free Report) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,892 shares of the information technology services provider's stock after purchasing an additional 23,021 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.05% of Accenture worth $95,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ACN. Brighton Jones LLC raised its stake 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 during the period. Wealth Enhancement Advisory Services LLC raised its stake in Accenture by 4.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 238,295 shares of the information technology services provider's stock worth $74,357,000 after buying an additional 9,689 shares during the period. Ritholtz Wealth Management raised its stake in Accenture by 42.1% during the 1st quarter. Ritholtz Wealth Management now owns 8,663 shares of the information technology services provider's stock worth $2,703,000 after buying an additional 2,566 shares during the period. Exchange Traded Concepts LLC raised its stake in Accenture by 62.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider's stock worth $282,000 after buying an additional 347 shares during the period. Finally, Good Life Advisors LLC raised its stake in Accenture by 1.7% during the 1st quarter. Good Life Advisors LLC now owns 3,498 shares of the information technology services provider's stock worth $1,091,000 after buying an additional 57 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Accenture from $260.00 to $235.00 and set a "hold" rating for the company in a research note on Friday, September 26th. Wolfe Research lowered their price objective on Accenture from $290.00 to $285.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. Morgan Stanley lowered their price objective on Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 9th. BNP Paribas Exane lowered their price objective on Accenture from $300.00 to $255.00 and set a "neutral" rating for the company in a research note on Wednesday, September 24th. Finally, Evercore ISI set a $280.00 price objective on Accenture in a research note on Thursday, September 25th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $300.22.

Accenture Stock Up 1.1%

ACN opened at $243.50 on Tuesday. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a market cap of $152.51 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $247.15 and a 200 day moving average of $280.75.

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 (EPS) for the quarter, topping 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 firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter in the prior year, the business posted $2.66 earnings per share. The business's quarterly 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 EPS for the current year.

Accenture Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 10th. This is an increase from Accenture's previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. Accenture's dividend 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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