Fifth Third Wealth Advisors LLC Sells 1,194 Shares of Accenture PLC $ACN

Key Points

• Fifth Third Wealth Advisors LLC reduced its stake in Accenture PLC by 7.6%, selling 1,194 shares in the second quarter, leaving them with 14,595 shares valued at approximately $4.36 million.
• Accenture recently announced a quarterly dividend increase from $1.48 to $1.63, representing an annualized yield of 2.7%, payable on November 14th.
• In its latest earnings report, Accenture surpassed analysts' expectations with $3.03 earnings per share and $17.60 billion in revenue, showing a 7.3% increase from the previous year.

Fifth Third Wealth Advisors LLC trimmed its holdings in Accenture PLC (NYSE:ACN - Free Report) by 7.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,595 shares of the information technology services provider's stock after selling 1,194 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Accenture were worth $4,362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new position in Accenture in the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC bought a new position in shares of Accenture during the 1st quarter valued at approximately $32,000. RMG Wealth Management LLC bought a new position in shares of Accenture during the 2nd quarter valued at approximately $33,000. WPG Advisers LLC bought a new position in shares of Accenture during the 1st quarter valued at approximately $42,000. Finally, Cheviot Value Management LLC bought a new position in shares of Accenture during the 1st quarter valued at approximately $43,000. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Performance

NYSE:ACN opened at $241.11 on Friday. The stock's fifty day moving average is $247.45 and its 200 day moving average is $281.57. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a market capitalization of $151.01 billion, a PE 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 quick ratio of 1.46 and a current ratio of 1.42.

Accenture (NYSE:ACN - Get Free Report) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter last year, the firm posted $2.66 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently announced 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. The ex-dividend date 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 yield of 2.7%. Accenture's payout ratio is 48.72%.

Wall Street Analysts Forecast Growth

ACN has been the subject of a number of research reports. Rothschild & Co Redburn increased their target price on Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. TD Cowen lowered their target price on Accenture from $313.00 to $295.00 and set a "buy" rating for the company in a research report on Friday, September 26th. Barclays lowered their target price on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research report on Monday, June 23rd. BMO Capital Markets lowered their target price on Accenture from $325.00 to $270.00 and set a "market perform" rating for the company in a research report on Friday, September 26th. Finally, Evercore ISI set a $280.00 price target on Accenture in a report on Thursday, September 25th. One equities research 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 assigned a Sell rating to the company's stock. According to MarketBeat, Accenture presently has an average rating of "Moderate Buy" and a consensus price target of $300.22.

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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