First Citizens Bank & Trust Co. Acquires 6,995 Shares of Accenture PLC $ACN

Key Points

• First Citizens Bank & Trust Co. has increased its holdings in Accenture PLC by 11.5%, now owning 67,896 shares valued at approximately $20.3 million.
• Accenture's recent earnings report shows an EPS of $3.03, beating estimates, with revenue of $17.6 billion reflecting a 7.3% year-over-year growth.
• The company is increasing its quarterly dividend to $1.63 per share, marking a positive change from the previous dividend of $1.48.

First Citizens Bank & Trust Co. increased its holdings in Accenture PLC (NYSE:ACN - Free Report) by 11.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,896 shares of the information technology services provider's stock after purchasing an additional 6,995 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Accenture were worth $20,293,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Truist Financial Corp boosted its holdings in Accenture by 7.0% in the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider's stock valued at $130,376,000 after acquiring an additional 28,685 shares during the last quarter. Redwood Investments LLC increased its stake in Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider's stock valued at $6,892,000 after purchasing an additional 1,287 shares in the last quarter. Lipe & Dalton raised its stake in Accenture by 2,087.4% during the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock worth $1,570,000 after buying an additional 4,801 shares during the period. PDS Planning Inc lifted its holdings in shares of Accenture by 34.7% in the 2nd quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider's stock worth $1,212,000 after purchasing an additional 1,044 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Accenture by 6.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider's stock valued at $21,187,000 after buying an additional 4,281 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on ACN shares. BMO Capital Markets lowered their price target 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. UBS Group decreased their target price on Accenture from $363.00 to $315.00 and set a "buy" rating for the company in a research report on Wednesday, September 24th. Rothschild Redb cut shares of Accenture from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Cowen reissued a "buy" rating on shares of Accenture in a report on Friday, September 26th. Finally, The Goldman Sachs Group decreased their target price on Accenture from $370.00 to $330.00 and set a "buy" rating on the stock in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $297.48.

Accenture Trading Down 0.5%

Shares of ACN stock opened at $249.14 on Thursday. The business has a 50-day moving average price of $247.18 and a two-hundred day moving average price of $278.05. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a market cap of $164.05 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

Accenture (NYSE:ACN - Get Free Report) last announced 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 firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture's previous quarterly dividend of $1.48. Accenture's dividend payout ratio (DPR) is presently 53.66%.

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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