Leo Wealth LLC Grows Stake in Accenture PLC $ACN

Key Points

• Leo Wealth LLC increased its stake in Accenture PLC by 37.2%, owning 5,097 shares valued at approximately $1.52 million after acquiring an additional 1,381 shares in the second quarter.
• Accenture reported earnings of $3.03 per share, surpassing analysts' expectations and demonstrating a 7.3% increase in revenue compared to the previous year.
• The company announced a quarterly dividend increase to $1.63, set to be paid on November 14th, reflecting a positive change from the prior quarterly dividend of $1.48.

Leo Wealth LLC grew its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 37.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,097 shares of the information technology services provider's stock after purchasing an additional 1,381 shares during the period. Leo Wealth LLC's holdings in Accenture were worth $1,523,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Accenture by 5.7% during the 1st 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Accenture by 63.9% during the 1st 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 during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Accenture by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider's stock worth $2,111,378,000 after acquiring an additional 228,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Accenture by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider's stock worth $1,923,225,000 after acquiring an additional 126,548 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Accenture by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider's stock worth $1,600,470,000 after acquiring an additional 164,573 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Accenture

In related news, insider Angela Beatty sold 203 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 transaction of $57,315.02. Following the transaction, the insider owned 5,249 shares in the company, valued at $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. This represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is currently owned by company insiders.

Accenture Price Performance

ACN stock opened at $253.17 on Thursday. The firm's 50-day moving average price is $248.02 and its two-hundred day moving average price is $282.42. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The stock has a market capitalization of $158.57 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.19 and a beta of 1.28. 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 (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.60 billion for the quarter, compared to analysts' expectations of $17.34 billion. During the same quarter in the previous year, the company earned $2.66 earnings per share. The company'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. As a group, equities analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a $1.63 dividend. The ex-dividend date is Friday, October 10th. 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 dividend yield of 2.6%. Accenture's dividend payout ratio is presently 48.72%.

Analyst Ratings Changes

ACN has been the subject of a number of research analyst reports. Guggenheim dropped their price objective on shares of Accenture from $305.00 to $285.00 and set a "buy" rating for the company in a report on Friday, September 26th. TD Cowen lowered their price target on shares of Accenture from $313.00 to $295.00 and set a "buy" rating for the company in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Accenture from $260.00 to $235.00 and set a "hold" rating for the company in a research note on Friday, September 26th. BMO Capital Markets lowered their price target on shares of Accenture from $325.00 to $270.00 and set a "market perform" rating for the company in a research note on Friday, September 26th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Accenture in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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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