QRG Capital Management Inc. Decreases Stock Position in Accenture PLC $ACN

Key Points

• QRG Capital Management Inc. has reduced its stake in Accenture PLC by 0.7%, bringing its total ownership to 173,537 shares valued at $51.87 million as of the latest SEC filing.
• Accenture recently reported earnings of $3.03 EPS for the quarter, surpassing analysts' expectations, with a revenue increase of 7.3% year-over-year.
• The company has increased its quarterly dividend to $1.63 per share, up from the previous $1.48, representing a 2.7% dividend yield.

QRG Capital Management Inc. lowered its stake in Accenture PLC (NYSE:ACN - Free Report) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 173,537 shares of the information technology services provider's stock after selling 1,241 shares during the quarter. QRG Capital Management Inc.'s holdings in Accenture were worth $51,869,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ACN. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Accenture in the 1st quarter worth $31,000. Inlight Wealth Management LLC purchased a new stake in Accenture in the 1st quarter worth $32,000. WPG Advisers LLC purchased a new stake in Accenture in the 1st quarter worth $42,000. Atwood & Palmer Inc. lifted its stake in Accenture by 407.4% in the 1st quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider's stock worth $43,000 after purchasing an additional 110 shares in the last quarter. Finally, Cheviot Value Management LLC purchased a new stake in Accenture in the 1st quarter worth $43,000. Hedge funds and other institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

Accenture stock opened at $245.39 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. 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 $153.69 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.13 and a beta of 1.28. The company's 50-day moving average is $249.57 and its 200 day moving average is $283.65.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.98 by $0.05. The business had revenue of $17.60 billion for 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 company's revenue for the quarter was up 7.3% compared to the same quarter last year. 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. Research analysts forecast 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. Stockholders of record on Friday, October 10th will be paid a dividend of $1.63 per share. This is a boost 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 payout ratio is 48.72%.

Insider Activity

In other news, CEO Mauro Macchi sold 500 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 $141,170.00. Following the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the insider owned 5,249 shares in the company, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,954 shares of company stock worth $834,280. Corporate insiders own 0.02% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACN. BMO Capital Markets decreased their target price on shares of Accenture from $325.00 to $270.00 and set a "market perform" rating on the stock in a research report on Friday, September 26th. UBS Group decreased their target price on shares of Accenture from $363.00 to $315.00 and set a "buy" rating on the stock in a research report on Wednesday, September 24th. Royal Bank Of Canada decreased their target price on shares of Accenture from $372.00 to $285.00 and set an "outperform" rating on the stock in a research report on Friday, September 26th. Wall Street Zen upgraded shares of Accenture from a "hold" rating to a "buy" rating in a research report on Friday. Finally, TD Cowen decreased their target price on shares of Accenture from $313.00 to $295.00 and set a "buy" rating on the stock in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $300.22.

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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