MOKAN Wealth Management Inc. Takes $1.26 Million Position in Accenture PLC $ACN

Key Points

• MOKAN Wealth Management Inc. has acquired a new stake in Accenture PLC, purchasing 4,221 shares valued at approximately $1.26 million.
• Accenture recently announced a quarterly dividend increase to $1.63 per share, scheduled for payment on November 14th, up from the previous $1.48.
• Accenture has reported earnings per share of $3.03 for the latest quarter, exceeding analyst estimates, with revenue growth of 7.3% year-over-year.

MOKAN Wealth Management Inc. acquired a new stake in shares of Accenture PLC (NYSE:ACN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,221 shares of the information technology services provider's stock, valued at approximately $1,263,000.

Several other hedge funds have also recently made changes to their positions in ACN. Brighton Jones LLC raised its holdings in shares of Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Azzad Asset Management Inc. ADV raised its holdings in shares of Accenture by 3.3% during the first quarter. Azzad Asset Management Inc. ADV now owns 6,593 shares of the information technology services provider's stock valued at $2,057,000 after purchasing an additional 213 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Accenture by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 238,295 shares of the information technology services provider's stock valued at $74,357,000 after purchasing an additional 9,689 shares during the last quarter. Missouri Trust & Investment Co raised its holdings in shares of Accenture by 22.4% during the first quarter. Missouri Trust & Investment Co now owns 251 shares of the information technology services provider's stock valued at $78,000 after purchasing an additional 46 shares during the last quarter. Finally, McBroom & Associates LLC grew its position in Accenture by 1.0% during the first quarter. McBroom & Associates LLC now owns 20,199 shares of the information technology services provider's stock valued at $6,303,000 after buying an additional 193 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

Shares of NYSE:ACN opened at $241.11 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. The firm has a fifty day moving average price of $247.45 and a 200 day moving average price of $281.18. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a market cap of $151.01 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 2.10 and a beta of 1.28.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share 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 firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same quarter in the prior year, the business earned $2.66 earnings per share. Accenture'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, sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors 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. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 10th. Accenture's dividend payout ratio (DPR) is currently 53.66%.

Analysts Set New Price Targets

Several analysts recently issued reports on ACN shares. Wolfe Research cut their target price on shares of Accenture from $290.00 to $285.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. HSBC cut their target price on shares of Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. Robert W. Baird cut their target price on shares of Accenture from $350.00 to $330.00 and set an "outperform" rating for the company in a research report on Friday, September 26th. JPMorgan Chase & Co. cut their target price on shares of Accenture from $302.00 to $290.00 and set an "overweight" rating for the company in a research report on Friday, September 26th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Accenture in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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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