Apollon Wealth Management LLC Increases Stake in Accenture PLC $ACN

Key Points

• Apollon Wealth Management LLC increased its holdings in Accenture by 5.0% in Q2, owning a total of 32,551 shares valued at approximately $9.73 million.
• Accenture recently announced a quarterly dividend of $1.63, up from $1.48, with an annualized dividend yield of 2.7%.
• In its latest earnings report, Accenture beat analysts' estimates by reporting $3.03 EPS and revenue of $17.60 billion, showing a year-over-year revenue increase of 7.3%.

Apollon Wealth Management LLC raised its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,551 shares of the information technology services provider's stock after purchasing an additional 1,536 shares during the quarter. Apollon Wealth Management LLC's holdings in Accenture were worth $9,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ACN. Kelly Lawrence W & Associates Inc. CA bought a new stake in Accenture during the 1st quarter valued at $31,000. Inlight Wealth Management LLC purchased a new position in shares of Accenture in the first quarter valued at $32,000. RMG Wealth Management LLC purchased a new stake in Accenture during the 2nd quarter worth about $33,000. WPG Advisers LLC bought a new position in Accenture in the 1st quarter worth about $42,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Accenture during the first quarter valued at about $43,000. Institutional investors own 75.14% of the company's stock.

Accenture Stock Down 4.3%

Shares of NYSE ACN opened at $241.11 on Friday. The stock has a market capitalization of $151.01 billion, a P/E ratio of 19.84, a PEG ratio of 2.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The firm's 50 day simple moving average is $247.45 and its two-hundred day simple moving average is $281.57.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data 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 company 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 firm's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, analysts expect that Accenture PLC will post 12.73 EPS 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 paid a $1.63 dividend. This is a boost from Accenture's previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. Accenture's dividend payout ratio is presently 48.72%.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of analyst reports. Wolfe Research decreased their target price 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. Stifel Nicolaus dropped their price objective on Accenture from $355.00 to $315.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. BNP Paribas Exane decreased their target price on Accenture from $300.00 to $255.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 24th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Accenture in a research report on Wednesday. Finally, Barclays cut their price objective on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $300.22.

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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