Mcdaniel Terry & Co. Boosts Position in Accenture PLC $ACN

Key Points

• Mcdaniel Terry & Co. increased its holdings in Accenture PLC by 26.1% during the second quarter, bringing their total shares to 42,751, valued at approximately $12.78 million.
• Several institutional investors, including Leelyn Smith LLC and Richards Merrill & Peterson Inc., also raised their positions in Accenture during the same period, indicating growing confidence in the company.
• Accenture recently announced a quarterly dividend of $1.63 per share, up from their previous dividend of $1.48, reflecting a positive change in their dividend policy.

Mcdaniel Terry & Co. grew its holdings in Accenture PLC (NYSE:ACN - Free Report) by 26.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,751 shares of the information technology services provider's stock after acquiring an additional 8,847 shares during the period. Mcdaniel Terry & Co.'s holdings in Accenture were worth $12,778,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Leelyn Smith LLC raised its stake in shares of Accenture by 3.1% during the 2nd quarter. Leelyn Smith LLC now owns 13,691 shares of the information technology services provider's stock valued at $4,092,000 after buying an additional 406 shares during the last quarter. Richards Merrill & Peterson Inc. grew its holdings in Accenture by 3.6% during the second quarter. Richards Merrill & Peterson Inc. now owns 2,935 shares of the information technology services provider's stock worth $877,000 after acquiring an additional 103 shares during the period. Sage Mountain Advisors LLC raised its position in Accenture by 4.3% during the second quarter. Sage Mountain Advisors LLC now owns 4,908 shares of the information technology services provider's stock valued at $1,467,000 after acquiring an additional 203 shares in the last quarter. Moment Partners LLC boosted its position in Accenture by 4.3% in the 2nd quarter. Moment Partners LLC now owns 1,546 shares of the information technology services provider's stock worth $462,000 after purchasing an additional 64 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Accenture by 4.3% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,590,060 shares of the information technology services provider's stock worth $475,253,000 after purchasing an additional 66,162 shares during the period. Hedge funds and other institutional investors own 75.14% of the company's stock.

Insider Transactions at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the company's stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the sale, the chief executive officer directly owned 23,516 shares in the company, valued at $5,868,888.12. This represents a 27.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares in the company, valued at approximately $346,763.30. This represents a 64.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,402 shares of company stock worth $4,595,374 in the last ninety days. Insiders own 0.02% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Rothschild & Co Redburn increased their price target on shares of Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Rothschild Redb lowered shares of Accenture from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Cowen restated a "buy" rating on shares of Accenture in a research note on Friday, September 26th. Wolfe Research increased their price target on Accenture from $285.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Stifel Nicolaus reduced their target price on Accenture from $355.00 to $315.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Accenture has an average rating of "Moderate Buy" and an average price target of $297.48.

Accenture Stock Performance

Shares of NYSE:ACN opened at $247.93 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The firm has a market capitalization of $163.25 billion, a PE ratio of 20.41, a P/E/G ratio of 2.18 and a beta of 1.28. The business's 50 day moving average price is $247.27 and its 200-day moving average price is $277.58.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $17.34 billion. During the same quarter last year, the firm posted $2.66 EPS. 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. As a group, equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture's previous quarterly dividend of $1.48. Accenture's payout ratio is currently 53.66%.

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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