Kathmere Capital Management LLC Boosts Stake in Accenture PLC $ACN

Key Points

• Kathmere Capital Management LLC increased its investment in Accenture PLC by 22.0%, owning 6,655 shares valued at approximately $1,989,000 after acquiring an additional 1,199 shares in Q2.
• Analysts have adjusted their price targets for Accenture, with Goldman Sachs lowering it from $370 to $330 while others like Argus maintain a target of $370, reflecting mixed sentiment among brokers.
• Accenture announced a quarterly dividend increase to $1.63 per share, with a dividend yield of 2.7%, up from the previous $1.48, indicating a continued commitment to returning value to shareholders.

Kathmere Capital Management LLC lifted its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,655 shares of the information technology services provider's stock after acquiring an additional 1,199 shares during the quarter. Kathmere Capital Management LLC's holdings in Accenture were worth $1,989,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Accenture during the fourth quarter valued at $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in Accenture during the first quarter valued at $31,000. Inlight Wealth Management LLC purchased a new position in Accenture in the 1st quarter valued at about $32,000. WPG Advisers LLC purchased a new position in Accenture in the 1st quarter valued at about $42,000. Finally, 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 buying an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Analysts Set New Price Targets

ACN has been the topic of several research reports. 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 report on Friday. Argus set a $370.00 price objective on Accenture in a report on Tuesday, June 24th. JPMorgan Chase & Co. decreased their price objective on Accenture from $302.00 to $290.00 and set an "overweight" rating on the stock in a report on Friday. Stifel Nicolaus decreased their price target on shares of Accenture from $355.00 to $315.00 and set a "buy" rating on the stock in a research note on Tuesday, September 16th. Finally, Robert W. Baird decreased their price target on shares of Accenture from $350.00 to $330.00 and set an "outperform" rating on the stock 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 given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Accenture has a consensus rating of "Moderate Buy" and a consensus price target of $301.91.

Insider Activity

In related news, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. The trade was a 17.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business'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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Up 3.0%

NYSE ACN opened at $239.43 on Friday. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The business's fifty day simple moving average is $253.43 and its 200-day simple moving average is $286.28. The firm has a market cap of $149.96 billion, a PE ratio of 19.71, a P/E/G ratio of 1.99 and a beta of 1.29.

Accenture (NYSE:ACN - Get Free Report) last issued its 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 company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the previous year, the firm earned $2.66 earnings per share. Accenture's quarterly revenue 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. As a group, equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 10th. This is a boost from Accenture's previous quarterly dividend of $1.48. Accenture's dividend payout ratio is presently 47.13%.

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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