Bey Douglas LLC Has $6.31 Million Stake in Accenture PLC $ACN

Key Points

• Bey Douglas LLC has increased its stake in Accenture PLC by 37.9%, owning 21,108 shares valued at approximately $6.31 million.
• Accenture's recent earnings report showed an EPS of $3.03, surpassing expectations and indicating a revenue increase of 7.3% year-over-year.
• The company announced a quarterly dividend increase to $1.63 per share, reflecting a boost from its previous dividend and a yield of 2.7%.

Bey Douglas LLC raised its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 37.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,108 shares of the information technology services provider's stock after purchasing an additional 5,804 shares during the quarter. Accenture accounts for approximately 3.8% of Bey Douglas LLC's portfolio, making the stock its 10th largest position. Bey Douglas LLC's holdings in Accenture were worth $6,309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Accenture in the 1st quarter worth $31,000. Inlight Wealth Management LLC bought a new stake in shares of Accenture in the 1st quarter worth $32,000. RMG Wealth Management LLC bought a new stake in shares of Accenture in the 2nd quarter worth $33,000. WPG Advisers LLC bought a new stake in shares of Accenture in the 1st quarter worth $42,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Accenture in the 1st quarter worth $43,000. Institutional investors own 75.14% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ACN shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Accenture in a research note on Wednesday. Guggenheim reduced their target price on shares of Accenture from $305.00 to $285.00 and set a "buy" rating for the company in a research note on Friday, September 26th. Susquehanna reduced their target price on shares of Accenture from $330.00 to $270.00 and set a "neutral" rating for the company in a research note on Thursday, September 18th. BMO Capital Markets cut their price target on shares of Accenture from $325.00 to $270.00 and set a "market perform" rating on the stock in a report on Friday, September 26th. Finally, Wall Street Zen downgraded shares of Accenture from a "buy" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $300.22.

Accenture Price Performance

Shares of NYSE:ACN opened at $241.11 on Friday. The company has a market capitalization of $151.01 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two 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. The company's 50-day moving average is $247.45 and its 200 day moving average is $281.57.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.98 by $0.05. The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 research 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 issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.7%. This is a boost from Accenture's previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture's payout ratio is currently 48.72%.

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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