Hudson Edge Investment Partners Inc. Has $6.10 Million Stock Holdings in Accenture PLC $ACN

Key Points

• Hudson Edge Investment Partners Inc. increased its holdings in Accenture PLC by 15.6%, owning a total of 20,412 shares worth approximately $6.1 million as of the end of the second quarter.
• Accenture has seen a significant increase in dividends, declaring a $1.63 quarterly dividend, up from the previous $1.48, reflecting a yield of 2.7%.
• The company's shares have shown a steady performance, with earnings per share reported at $3.03 for the last quarter, exceeding analyst estimates by $0.05.

Hudson Edge Investment Partners Inc. grew its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 15.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,412 shares of the information technology services provider's stock after purchasing an additional 2,754 shares during the quarter. Hudson Edge Investment Partners Inc.'s holdings in Accenture were worth $6,101,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in Accenture during the first quarter worth $31,000. Inlight Wealth Management LLC acquired a new position in shares of Accenture during the 1st quarter worth about $32,000. WPG Advisers LLC bought a new stake in shares of Accenture in the 1st quarter valued at about $42,000. Atwood & Palmer Inc. lifted 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 purchasing an additional 110 shares during the last quarter. Finally, Cheviot Value Management LLC bought a new position in Accenture during the first quarter worth about $43,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Argus set a $370.00 target price on Accenture in a research note on Tuesday, June 24th. Cowen reaffirmed a "buy" rating on shares of Accenture in a research report on Friday, September 26th. Jefferies Financial Group reiterated a "hold" rating on shares of Accenture in a report on Tuesday. Barclays cut their target price on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a research note on Monday, June 23rd. Finally, Benchmark reissued a "mixed" rating on shares of Accenture in a report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $300.22.

Insider Buying and Selling

In other news, CEO Mauro Macchi sold 500 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the sale, the chief executive officer owned 2,283 shares of the company's stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela Beatty sold 203 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the sale, the insider owned 5,249 shares in the company, valued at $1,482,002.66. This represents a 3.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock valued at $834,280 over the last quarter. 0.02% of the stock is owned by company insiders.

Accenture Stock Up 0.4%

Shares of ACN opened at $244.58 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The firm's 50 day moving average is $250.32 and its 200-day moving average is $284.19. The stock has a market capitalization of $153.19 billion, a PE ratio of 20.13, a P/E/G ratio of 2.12 and a beta of 1.28.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) 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 the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

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