PDS Planning Inc Has $1.21 Million Position in Accenture PLC $ACN

PDS Planning Inc raised its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 34.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,055 shares of the information technology services provider's stock after buying an additional 1,044 shares during the period. PDS Planning Inc's holdings in Accenture were worth $1,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ACN. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture in the 1st quarter worth about $31,000. Inlight Wealth Management LLC bought a new stake in shares of Accenture in the 1st quarter valued at approximately $32,000. RMG Wealth Management LLC acquired a new stake in Accenture in the second quarter valued at approximately $33,000. WPG Advisers LLC acquired a new stake in Accenture in the first quarter valued at approximately $42,000. Finally, Cheviot Value Management LLC bought a new position in shares of Accenture during the 1st quarter valued at $43,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ACN. Weiss Ratings reissued a "hold (c-)" rating on shares of Accenture in a research report on Wednesday. Jefferies Financial Group reiterated a "hold" rating on shares of Accenture in a research note on Tuesday, September 30th. UBS Group reduced their target price on Accenture from $363.00 to $315.00 and set a "buy" rating for the company in a report on Wednesday, September 24th. Stifel Nicolaus dropped their price target on shares of Accenture from $355.00 to $315.00 and set a "buy" rating on the stock in a research report on Tuesday, September 16th. Finally, Susquehanna dropped their price target on shares of Accenture from $330.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday, September 18th. 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $300.22.

Accenture Trading Down 4.3%

Shares of Accenture stock opened at $241.11 on Friday. 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 PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company's fifty day simple moving average is $247.45 and its 200-day simple moving average is $281.57. The company has a market cap of $151.01 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.19 and a beta of 1.28.

Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.66 EPS. 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 EPS for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 10th. This is a boost from Accenture's previous quarterly dividend of $1.48. Accenture's payout ratio is 48.72%.

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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