Moloney Securities Asset Management LLC Has $1.15 Million Holdings in Accenture PLC $ACN

Key Points

• Moloney Securities Asset Management LLC increased its holdings in Accenture PLC by 90.7%, now owning 3,855 shares valued at approximately $1.15 million.
• Accenture recently declared a quarterly dividend of $1.63, an increase from the previous $1.48, representing an annual yield of 2.6%.
• The company's share price is currently at $247.93, having a 1-year low of $229.40 and a high of $398.35, with a market cap of $163.25 billion.

Moloney Securities Asset Management LLC grew its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 90.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,855 shares of the information technology services provider's stock after buying an additional 1,834 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Accenture were worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Viawealth LLC lifted its stake in shares of Accenture by 2.6% during the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider's stock valued at $408,000 after acquiring an additional 33 shares during the period. Aprio Wealth Management LLC lifted its stake in shares of Accenture by 2.1% during the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider's stock valued at $512,000 after acquiring an additional 33 shares during the period. First National Advisers LLC lifted its stake in shares of Accenture by 0.4% during the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider's stock valued at $2,939,000 after acquiring an additional 34 shares during the period. TCTC Holdings LLC lifted its stake in shares of Accenture by 14.5% during the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider's stock valued at $84,000 after acquiring an additional 34 shares during the period. Finally, Texas Bank & Trust Co lifted its stake in shares of Accenture by 0.4% during the first quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider's stock valued at $2,553,000 after acquiring an additional 35 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Down 0.8%

Shares of Accenture stock opened at $247.93 on Friday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The business has a 50-day moving average of $247.27 and a two-hundred day moving average of $277.58. The company has a market capitalization of $163.25 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. 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 (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (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 company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the prior 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 EPS for the current year.

Accenture Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.6%. This is an increase from Accenture's previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture's dividend payout ratio is currently 53.66%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ACN shares. Cowen reaffirmed a "buy" rating on shares of Accenture in a research note on Friday, September 26th. JPMorgan Chase & Co. dropped their price objective on Accenture from $302.00 to $290.00 and set an "overweight" rating for the company in a report on Friday, September 26th. Guggenheim dropped their price objective on Accenture from $305.00 to $285.00 and set a "buy" rating for the company in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on Accenture from $260.00 to $235.00 and set a "hold" rating for the company in a report on Friday, September 26th. Finally, Susquehanna dropped their price objective on Accenture from $330.00 to $270.00 and set a "neutral" rating for the company in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $297.48.

Insiders Place Their Bets

In other news, insider Manish Sharma sold 6,902 shares of the company's stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the transaction, the insider directly owned 1,860 shares of the company's stock, valued at $465,018.60. This represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of the company's stock in a transaction dated 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 directly owned 1,390 shares of the company's stock, valued at $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,402 shares of company stock worth $4,595,374 over the last ninety days. 0.02% of the stock is currently owned by corporate insiders.

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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