Robertson Stephens Wealth Management LLC Cuts Holdings in Accenture PLC $ACN

Key Points

• Robertson Stephens Wealth Management LLC reduced its holdings in Accenture PLC by 20.7% during the second quarter, resulting in a total of 4,316 shares valued at approximately $1.29 million.
• Accenture reported $3.03 earnings per share for the recent quarter, surpassing analysts' expectations, with revenue reaching $17.60 billion, a year-over-year increase of 7.3%.
• The company has announced an increase in its quarterly dividend from $1.48 to $1.63 per share, representing a yield of 2.7% and a payout ratio of 48.72%.

Robertson Stephens Wealth Management LLC cut its position in shares of Accenture PLC (NYSE:ACN - Free Report) by 20.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,316 shares of the information technology services provider's stock after selling 1,124 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Accenture were worth $1,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA purchased a new position in Accenture in the first quarter valued at about $31,000. Inlight Wealth Management LLC purchased a new position in Accenture in the first quarter valued at about $32,000. RMG Wealth Management LLC purchased a new position in Accenture in the second quarter valued at about $33,000. WPG Advisers LLC purchased a new position in Accenture in the first quarter valued at about $42,000. Finally, Cheviot Value Management LLC purchased a new position in Accenture in the first quarter valued at about $43,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Performance

Accenture stock opened at $241.11 on Friday. The firm's 50 day simple moving average is $247.45 and its 200 day simple moving average is $281.57. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $151.01 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share 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 analyst estimates of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. Accenture's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The company 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 dividend of $1.63 per share. This is a boost from Accenture's previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. Accenture's payout ratio is currently 48.72%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ACN. Royal Bank Of Canada dropped their target price on shares of Accenture from $372.00 to $285.00 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 note on Friday, September 26th. Susquehanna lowered 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. Weiss Ratings reissued a "hold (c-)" rating on shares of Accenture in a research report on Wednesday. Finally, TD Cowen lowered their price target 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 research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $300.22.

About Accenture

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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