State of Alaska Department of Revenue Has $25.18 Million Position in Accenture PLC $ACN

Key Points

• The State of Alaska Department of Revenue's holdings in Accenture PLC were reduced by 3.5%, with the current value at $25.18 million after selling 3,035 shares.
• Accenture reported a strong quarterly earnings performance with an EPS of $3.03, exceeding analysts' expectations of $2.98, and a revenue of $17.60 billion.
• The company announced an increased quarterly dividend of $1.63 per share, which reflects a 10% boost from the previous dividend, highlighting its commitment to returning value to shareholders.

State of Alaska Department of Revenue reduced its holdings in shares of Accenture PLC (NYSE:ACN - Free Report) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,262 shares of the information technology services provider's stock after selling 3,035 shares during the period. State of Alaska Department of Revenue's holdings in Accenture were worth $25,184,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ACN. Park Square Financial Group LLC acquired a new stake in shares of Accenture during the 4th quarter worth approximately $31,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Accenture in the first quarter worth $31,000. Inlight Wealth Management LLC acquired a new stake in Accenture in the first quarter worth $32,000. WPG Advisers LLC acquired a new stake in Accenture in the first quarter worth $42,000. Finally, Atwood & Palmer Inc. grew its holdings in Accenture by 407.4% in the first 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 during the period. Institutional investors and hedge funds own 75.14% of the company's stock.

Accenture Stock Up 3.0%

Shares of NYSE:ACN opened at $239.43 on Friday. The stock has a market cap of $149.96 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.99 and a beta of 1.29. 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 PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The business's 50 day moving average is $253.43 and its 200 day moving average is $286.28.

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, topping analysts' consensus estimates of $2.98 by $0.05. The firm 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 business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous 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. On average, sell-side analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The company also recently declared 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 represents a $6.52 annualized dividend and a yield of 2.7%. This is a boost from Accenture's previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture's dividend payout ratio is presently 47.13%.

Analyst Ratings Changes

Several analysts have recently commented on ACN shares. Benchmark restated a "mixed" rating on shares of Accenture in a research note on Friday, June 20th. TD Cowen reduced their price objective on Accenture from $313.00 to $295.00 and set a "buy" rating for the company in a research note on Friday. BNP Paribas Exane reduced their price objective on Accenture from $300.00 to $255.00 and set a "neutral" rating for the company in a research note on Wednesday. Hsbc Global Res raised shares of Accenture to a "moderate sell" rating in a research report on Monday, July 28th. Finally, BMO Capital Markets reduced their price target on shares of Accenture from $325.00 to $270.00 and set a "market perform" rating for the company in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $301.91.

Insider Transactions at Accenture

In other Accenture news, insider Angela Beatty sold 203 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 value of $57,315.02. Following the transaction, the insider owned 5,249 shares of the company's stock, valued at approximately $1,482,002.66. The trade was a 3.72% 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, CEO Julie Spellman Sweet sold 2,251 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer directly owned 8,109 shares in the company, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock worth $834,280 in the last 90 days. 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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