Callan Family Office LLC Increases Position in Accenture PLC $ACN

Key Points

• Callan Family Office LLC increased its holdings in Accenture PLC by 65.1% during Q2, owning 34,109 shares worth approximately $10.2 million.
• Accenture raised its quarterly dividend to $1.63 per share, yielding 2.6%, up from its previous dividend of $1.48.
• Analysts have varied ratings on Accenture, with an average rating of "Moderate Buy" and a price target of $300.22, though Morgan Stanley and BNP Paribas both lowered their price objectives recently.

Callan Family Office LLC lifted its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 65.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,109 shares of the information technology services provider's stock after buying an additional 13,449 shares during the period. Callan Family Office LLC's holdings in Accenture were worth $10,195,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ACN. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Accenture during the 1st quarter valued at $31,000. Inlight Wealth Management LLC acquired a new stake in Accenture during the 1st quarter valued at $32,000. RMG Wealth Management LLC acquired a new stake in Accenture during the 2nd quarter valued at $33,000. WPG Advisers LLC acquired a new stake in Accenture during the 1st quarter valued at $42,000. Finally, Cheviot Value Management LLC acquired a new stake in Accenture during the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analyst Ratings Changes

ACN has been the subject of several recent analyst reports. Wall Street Zen raised shares of Accenture from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Morgan Stanley decreased their price objective on shares of Accenture from $325.00 to $271.00 and set an "equal weight" rating for the company in a report on Tuesday, September 9th. BNP Paribas Exane decreased their price objective on shares of Accenture from $300.00 to $255.00 and set a "neutral" rating for the company in a report on Wednesday, September 24th. Jefferies Financial Group reissued a "hold" rating on shares of Accenture in a report on Tuesday, September 30th. Finally, Argus set a $370.00 price objective on shares of Accenture in a report on Tuesday, June 24th. 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 given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $300.22.

Accenture Trading Down 0.3%

NYSE ACN opened at $252.28 on Friday. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a 50-day simple moving average of $247.73 and a 200-day simple moving average of $282.04. 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 firm has a market capitalization of $158.01 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.20 and a beta of 1.28.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results 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. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period in the previous year, the business posted $2.66 EPS. The company'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, equities analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.63 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.6%. This is a boost from Accenture's previous quarterly dividend of $1.48. Accenture's payout ratio is 48.72%.

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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