Precision Wealth Strategies LLC Purchases New Position in Accenture PLC $ACN

Key Points

• Precision Wealth Strategies LLC acquired a new position in Accenture PLC, purchasing 1,886 shares valued at approximately $564,000 during the second quarter.
• Accenture recently reported quarterly earnings of $3.03 EPS, surpassing estimates, with revenue of $17.60 billion, marking a 7.3% year-over-year growth.
• The company has announced an increase in its quarterly dividend to $1.63, reflecting a 2.7% dividend yield and a progressive payout strategy.

Precision Wealth Strategies LLC purchased a new stake in shares of Accenture PLC (NYSE:ACN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,886 shares of the information technology services provider's stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Viawealth LLC raised its holdings in Accenture by 2.6% in the 1st 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 last quarter. Aprio Wealth Management LLC increased its holdings in shares of Accenture by 2.1% in 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 purchasing an additional 33 shares during the last quarter. First National Advisers LLC lifted its position in 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 worth $2,939,000 after buying an additional 34 shares in the last quarter. TCTC Holdings LLC boosted its stake in Accenture by 14.5% during the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider's stock worth $84,000 after buying an additional 34 shares during the last quarter. Finally, Spectrum Asset Management Inc. NB CA increased its stake in shares of Accenture by 0.3% in the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 11,777 shares of the information technology services provider's stock worth $3,675,000 after acquiring an additional 35 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Down 1.3%

NYSE:ACN opened at $243.50 on Thursday. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The stock's fifty day moving average is $251.06 and its two-hundred day moving average is $284.75. The stock has a market capitalization of $152.51 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.28. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16.

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

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors 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 dividend yield of 2.7%. 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 (DPR) is presently 48.72%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACN. Cowen reissued a "buy" rating on shares of Accenture in a report on Friday, September 26th. UBS Group dropped their price target on shares of Accenture from $363.00 to $315.00 and set a "buy" rating for the company in a research note on Wednesday, September 24th. Barclays reduced their price target on shares of Accenture from $390.00 to $360.00 and set an "overweight" rating on the stock in a research report on Monday, June 23rd. Rothschild Redb cut Accenture from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Argus set a $370.00 price target on Accenture in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $300.22.

Insider Buying and Selling

In other Accenture news, insider Angela Beatty sold 203 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the sale, the insider directly owned 5,249 shares in the company, valued at $1,482,002.66. This represents a 3.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares of the company's stock, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock valued at $834,280 in the last ninety days. Company insiders own 0.02% of the company's stock.

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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