GC Wealth Management RIA LLC Buys 5,481 Shares of Accenture PLC $ACN

Key Points

• GC Wealth Management RIA LLC increased its stake in Accenture PLC by 269.9% after buying 5,481 shares, bringing its total holdings to 7,512 shares worth approximately $2.25 million.
• Accenture's recent earnings report showed $3.03 EPS, exceeding expectations, with revenue of $17.60 billion, reflecting a 7.3% year-over-year increase.
• The company declared a quarterly dividend of $1.63 per share, a notable increase from the previous dividend of $1.48, representing a current annual yield of 2.7%.

GC Wealth Management RIA LLC boosted its holdings in Accenture PLC (NYSE:ACN - Free Report) by 269.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,512 shares of the information technology services provider's stock after purchasing an additional 5,481 shares during the period. GC Wealth Management RIA LLC's holdings in Accenture were worth $2,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ACN. Kelly Lawrence W & Associates Inc. CA bought a new position in Accenture in the first quarter valued at $31,000. Inlight Wealth Management LLC bought a new position in Accenture in the first quarter valued at $32,000. WPG Advisers LLC bought a new position in Accenture in the first quarter valued at $42,000. Atwood & Palmer Inc. lifted its stake in Accenture by 407.4% in the first 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 last quarter. Finally, Cheviot Value Management LLC acquired a new stake in Accenture in the first quarter valued at $43,000. Institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

NYSE ACN opened at $239.43 on Monday. The firm has a 50-day moving average of $253.43 and a 200-day moving average of $285.81. 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 stock has a market cap of $149.96 billion, a PE ratio of 19.71, a P/E/G ratio of 2.04 and a beta of 1.30. Accenture PLC has a 52-week low of $229.40 and a 52-week 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 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the firm earned $2.66 earnings per share. Accenture's revenue for the quarter 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 EPS for the current year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.63 per share. 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%. The ex-dividend date of this dividend is Friday, October 10th. Accenture's payout ratio is 48.72%.

Insider Buying and Selling

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares of the company's stock, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Beatty sold 203 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the transaction, the insider directly owned 5,249 shares in the company, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus cut their price target on shares of Accenture from $355.00 to $315.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. Argus set a $370.00 price target on shares of Accenture in a research note on Tuesday, June 24th. Royal Bank Of Canada cut their price target on shares of Accenture from $372.00 to $285.00 and set an "outperform" rating for the company in a research note on Friday. Rothschild Redb cut shares of Accenture from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, HSBC cut their price target on shares of Accenture from $240.00 to $215.00 in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $301.91.

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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