Jmac Enterprises LLC Invests $375,000 in Accenture PLC $ACN

Key Points

• Jmac Enterprises LLC invested approximately $375,000 in Accenture PLC, purchasing 1,254 shares during the 2nd quarter.
• Accenture's recent earnings report indicated a 7.3% year-over-year revenue increase, with EPS surpassing the consensus estimate by $0.05.
• The company announced a raised quarterly dividend of $1.63 per share, up from the previous $1.48, which reflects a dividend yield of 2.7%.

Jmac Enterprises LLC bought a new position in shares of Accenture PLC (NYSE:ACN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,254 shares of the information technology services provider's stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also bought and sold shares of ACN. Price T Rowe Associates Inc. MD raised its holdings in Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider's stock worth $2,793,889,000 after acquiring an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. raised its holdings in Accenture by 5.7% during the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider's stock worth $19,912,594,000 after acquiring an additional 3,419,577 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Accenture by 2,782.1% during the first quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider's stock worth $450,985,000 after acquiring an additional 1,395,135 shares in the last quarter. Invesco Ltd. raised its holdings in Accenture by 23.5% during the first quarter. Invesco Ltd. now owns 2,823,228 shares of the information technology services provider's stock worth $880,960,000 after acquiring an additional 537,223 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Accenture by 340.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 464,864 shares of the information technology services provider's stock worth $145,056,000 after acquiring an additional 359,389 shares in the last quarter. Institutional investors own 75.14% of the company's stock.

Insiders Place Their Bets

In other Accenture news, CEO Julie Spellman Sweet sold 2,251 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the transaction, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. This trade represents a 21.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 203 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider owned 5,249 shares in the company, valued at approximately $1,482,002.66. This trade represents a 3.72% 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 90 days. Company insiders own 0.02% of the company's stock.

Accenture Price Performance

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

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

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a dividend of $1.63 per share. This is a boost from Accenture's previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. Accenture's dividend payout ratio is 48.72%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ACN. Royal Bank Of Canada dropped their target price on Accenture from $372.00 to $285.00 and set an "outperform" rating on the stock in a report on Friday, September 26th. Robert W. Baird dropped their price objective on Accenture from $350.00 to $330.00 and set an "outperform" rating on the stock in a research note on Friday, September 26th. BNP Paribas Exane dropped their price objective on Accenture from $300.00 to $255.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 24th. Rothschild Redb lowered Accenture from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Wolfe Research dropped their price objective on Accenture from $290.00 to $285.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Accenture currently has an average rating of "Moderate Buy" and a consensus price target of $300.22.

About Accenture

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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