Rice Partnership LLC raised its stake in shares of Accenture PLC (NYSE:ACN - Free Report) by 28.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,846 shares of the information technology services provider's stock after purchasing an additional 2,812 shares during the period. Rice Partnership LLC's holdings in Accenture were worth $3,840,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Redwood Investments LLC lifted its position in shares of Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider's stock worth $6,892,000 after buying an additional 1,287 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider's stock worth $130,376,000 after purchasing an additional 28,685 shares during the period. Lipe & Dalton lifted its stake in Accenture by 2,087.4% in the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider's stock valued at $1,570,000 after purchasing an additional 4,801 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Accenture by 6.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider's stock valued at $21,187,000 after purchasing an additional 4,281 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in Accenture by 40.5% in the first quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider's stock valued at $30,777,000 after purchasing an additional 28,446 shares during the last quarter. Institutional investors own 75.14% of the company's stock.
Accenture Trading Up 0.8%
NYSE:ACN opened at $253.17 on Thursday. The company's 50 day moving average price is $248.02 and its 200-day moving average price is $282.42. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The stock has a market cap of $158.57 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.19 and a beta of 1.28.
Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $17.34 billion. During the same quarter in the prior year, the company posted $2.66 earnings per share. The business'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. On average, equities research analysts forecast 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 issued a $1.63 dividend. This is an increase from Accenture's previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 10th. Accenture's dividend payout ratio is 48.72%.
Insider Buying and Selling
In other news, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the transaction, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. This trade represents a 21.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Angela Beatty sold 203 shares of Accenture stock in a transaction on Friday, July 11th. The stock was 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 $1,482,002.66. This represents a 3.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,954 shares of company stock worth $834,280. 0.02% of the stock is owned by insiders.
Analysts Set New Price Targets
Several research firms recently commented on ACN. Robert W. Baird dropped their price objective on Accenture from $350.00 to $330.00 and set an "outperform" rating on the stock in a research note on Friday, September 26th. Cowen reiterated a "buy" rating on shares of Accenture in a research report on Friday, September 26th. Jefferies Financial Group reiterated a "hold" rating on shares of Accenture in a research report on Tuesday, September 30th. Royal Bank Of Canada cut their price target on shares of Accenture from $372.00 to $285.00 and set an "outperform" rating for the company in a research report on Friday, September 26th. Finally, Argus set a $370.00 price target on shares of Accenture in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Accenture presently has an average rating of "Moderate Buy" and a consensus target price of $300.22.
View Our Latest Stock Report on ACN
Accenture Profile
(
Free Report)
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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