Lionsbridge Wealth Management LLC Decreases Stock Holdings in Accenture PLC $ACN

Key Points

• Lionsbridge Wealth Management LLC decreased its holdings in Accenture PLC by 53.2% in the second quarter, now owning 1,606 shares valued at approximately $480,000.
• Accenture recently announced a quarterly dividend increase from $1.48 to $1.63 per share, representing an annualized dividend yield of 2.7%.
• Despite mixed analyst ratings and price target adjustments, Accenture reported $3.03 EPS for the last quarter, beating estimates and showing a 7.3% revenue increase year-over-year.

Lionsbridge Wealth Management LLC trimmed its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 53.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,606 shares of the information technology services provider's stock after selling 1,829 shares during the quarter. Lionsbridge Wealth Management LLC's holdings in Accenture were worth $480,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. DecisionMap Wealth Management LLC increased its holdings in shares of Accenture by 6.9% during the second quarter. DecisionMap Wealth Management LLC now owns 2,324 shares of the information technology services provider's stock valued at $695,000 after acquiring an additional 150 shares in the last quarter. Lafayette Investments Inc. increased its holdings in shares of Accenture by 2.0% during the second quarter. Lafayette Investments Inc. now owns 14,450 shares of the information technology services provider's stock valued at $4,319,000 after acquiring an additional 283 shares in the last quarter. Divergent Planning LLC acquired a new position in shares of Accenture during the second quarter valued at about $294,000. Triton Financial Group Inc acquired a new position in shares of Accenture during the second quarter valued at about $1,075,000. Finally, Klingman & Associates LLC increased its holdings in shares of Accenture by 12.4% during the second quarter. Klingman & Associates LLC now owns 2,506 shares of the information technology services provider's stock valued at $749,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. BNP Paribas Exane cut their price objective on shares of Accenture from $300.00 to $255.00 and set a "neutral" rating on the stock in a report on Wednesday, September 24th. HSBC cut their price target on shares of Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Argus set a $370.00 price target on shares of Accenture in a report on Tuesday, June 24th. JPMorgan Chase & Co. cut their price target on shares of Accenture from $302.00 to $290.00 and set an "overweight" rating on the stock in a report on Friday, September 26th. Finally, Wall Street Zen downgraded shares of Accenture from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $300.22.

Accenture Trading Up 1.6%

Accenture stock opened at $242.31 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 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 stock's 50 day simple moving average is $246.85 and its two-hundred day simple moving average is $278.44. The firm has a market cap of $159.55 billion, a PE ratio of 19.94, a P/E/G ratio of 2.08 and a beta of 1.28.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping 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 business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter in the prior year, the firm posted $2.66 EPS. The business'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. Analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently announced 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 is a positive change 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 dividend yield of 2.7%. Accenture's payout ratio is 53.66%.

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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