Fort Washington Investment Advisors Inc. OH Buys 2,311 Shares of Accenture PLC $ACN

Key Points

• Fort Washington Investment Advisors Inc. OH increased its holdings in Accenture PLC by 1.8%, acquiring an additional 2,311 shares, bringing its total to 132,649 shares valued at approximately $39.65 million.
• Accenture recently reported earnings per share of $3.03, surpassing analysts' expectations, with quarterly revenue of $17.60 billion, marking a 7.3% increase compared to the previous year.
• The company declared a quarterly dividend of $1.63, representing an increase from the previous dividend and reflecting a dividend yield of 2.7%.

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,649 shares of the information technology services provider's stock after acquiring an additional 2,311 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Accenture were worth $39,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of ACN. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Accenture in the 1st quarter valued at approximately $31,000. Inlight Wealth Management LLC acquired a new stake in shares of Accenture during the 1st quarter worth approximately $32,000. WPG Advisers LLC acquired a new stake in Accenture in the 1st quarter valued at $42,000. Atwood & Palmer Inc. grew its stake in Accenture by 407.4% in the 1st quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider's stock valued at $43,000 after acquiring an additional 110 shares during the period. Finally, Cheviot Value Management LLC acquired a new stake in Accenture in the 1st quarter valued at $43,000. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ACN shares. Hsbc Global Res raised shares of Accenture to a "moderate sell" rating in a research note on Monday, July 28th. Guggenheim lowered their price objective on Accenture from $305.00 to $285.00 and set a "buy" rating for the company in a research report on Friday. Barclays lowered their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a report on Monday, June 23rd. Mizuho set a $348.00 price objective on Accenture and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Finally, Argus set a $370.00 target price on Accenture in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $301.91.

Accenture Stock Performance

ACN opened at $239.43 on Friday. The stock has a market cap of $149.96 billion, a P/E ratio of 19.71, a P/E/G ratio of 2.05 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. The stock's 50 day simple moving average is $253.43 and its 200 day simple moving average is $286.02. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly 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. The business had revenue of $17.60 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.63 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Accenture's previous quarterly dividend of $1.48. Accenture's payout ratio is currently 53.66%.

Insider Buying and Selling

In other Accenture news, CEO Mauro Macchi sold 500 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares in the company, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the sale, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock worth $834,280 in the last quarter. Company insiders own 0.02% of the company's stock.

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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