Drucker Wealth 3.0 LLC Boosts Position in Accenture PLC $ACN

Key Points

• Drucker Wealth 3.0 LLC significantly increased its stake in Accenture PLC by 180.2%, acquiring 1,744 additional shares during the second quarter, resulting in holdings valued at $807,000.
• Several institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., have also raised their stakes in Accenture, indicating a strong interest from major financial players in the company.
• Accenture recently announced an increase in its quarterly dividend, raising it from $1.48 to $1.63 per share, representing a 2.7% dividend yield for shareholders.

Drucker Wealth 3.0 LLC boosted its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 180.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,712 shares of the information technology services provider's stock after buying an additional 1,744 shares during the quarter. Drucker Wealth 3.0 LLC's holdings in Accenture were worth $807,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Accenture by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock valued at $19,912,594,000 after buying an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Accenture by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock valued at $2,111,378,000 after acquiring an additional 228,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Accenture by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider's stock valued at $1,923,225,000 after acquiring an additional 126,548 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Accenture by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider's stock valued at $1,600,470,000 after purchasing an additional 164,573 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ACN shares. Rothschild & Co Redburn lifted their target price on shares of Accenture from $250.00 to $255.00 in a report on Friday, September 19th. UBS Group cut their price objective on shares of Accenture from $363.00 to $315.00 and set a "buy" rating for the company in a report on Wednesday, September 24th. JPMorgan Chase & Co. cut their price target on Accenture from $302.00 to $290.00 and set an "overweight" rating for the company in a research note on Friday, September 26th. BNP Paribas Exane cut their price target 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, Stifel Nicolaus cut their price objective on Accenture from $355.00 to $315.00 and set a "buy" rating for the company in a research report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $300.22.

Accenture Price Performance

NYSE:ACN opened at $241.11 on Friday. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The stock has a 50 day moving average of $247.45 and a two-hundred day moving average of $281.57. 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 firm has a market cap 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 (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 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 company 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 earned $2.66 EPS. Accenture'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, analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change 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 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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