Armstrong Fleming & Moore Inc Purchases New Stake in Accenture PLC $ACN

Armstrong Fleming & Moore Inc acquired a new position in shares of Accenture PLC (NYSE:ACN - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,035 shares of the information technology services provider's stock, valued at approximately $309,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Accenture in the first quarter worth $31,000. Inlight Wealth Management LLC bought a new position in Accenture during the first quarter valued at about $32,000. RMG Wealth Management LLC bought a new position in Accenture during the second quarter valued at about $33,000. WPG Advisers LLC bought a new position in Accenture during the first quarter valued at about $42,000. Finally, Cheviot Value Management LLC purchased a new stake in shares of Accenture during the first quarter valued at $43,000. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Performance

ACN opened at $253.17 on Thursday. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The firm has a market capitalization of $158.57 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28. The stock's 50 day moving average price is $248.02 and its two-hundred day moving average price is $282.42. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN - Get Free Report) last released 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 business had revenue of $17.60 billion for 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%.Accenture's quarterly revenue was up 7.3% on a year-over-year basis. 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. On average, equities analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.63 dividend. 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 yield of 2.6%. The ex-dividend date of this dividend is Friday, October 10th. Accenture's payout ratio is presently 48.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ACN shares. HSBC reduced their target price on Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Wolfe Research reduced their target price on Accenture from $290.00 to $285.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of Accenture in a report on Tuesday, September 30th. Morgan Stanley reduced their target price on Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a report on Tuesday, September 9th. Finally, Susquehanna decreased their price objective on Accenture from $330.00 to $270.00 and set a "neutral" rating for the company in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $300.22.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the company's stock in a transaction dated Friday, July 11th. The stock was 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 approximately $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Angela Beatty sold 203 shares of the company'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 completion of the sale, the insider owned 5,249 shares of the company's stock, valued at $1,482,002.66. This represents a 3.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock worth $834,280 over the last 90 days. 0.02% of the stock is owned by 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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