Parsons Capital Management Inc. RI Has $5.63 Million Stock Position in Accenture PLC $ACN

Parsons Capital Management Inc. RI lowered its position in shares of Accenture PLC (NYSE:ACN) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,834 shares of the information technology services provider’s stock after selling 289 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Accenture were worth $5,629,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Accenture in the 1st quarter valued at about $31,000. Inlight Wealth Management LLC acquired a new stake in Accenture in the 1st quarter valued at about $32,000. WPG Advisers LLC acquired a new stake in Accenture in the 1st quarter valued at about $42,000. Atwood & Palmer Inc. increased its position in Accenture by 407.4% in the 1st quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 110 shares in the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in Accenture in the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 1.3%

Accenture stock opened at $243.50 on Thursday. The company’s 50 day simple moving average is $251.06 and its 200 day simple moving average is $284.75. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a market capitalization of $152.51 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.15 and a beta of 1.28. 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 (NYSE:ACN) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter last year, the firm earned $2.66 EPS. Accenture’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. As a group, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.7%. Accenture’s dividend payout ratio is 48.72%.

Wall Street Analysts Forecast Growth

ACN has been the subject of several research reports. Royal Bank Of Canada lowered their price objective 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. Hsbc Global Res upgraded shares of Accenture to a “moderate sell” rating in a research report on Monday, July 28th. Rothschild Redb cut shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Susquehanna reduced their target price on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, September 18th. Finally, Wolfe Research reduced their target price on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $300.22.

Insiders Place Their Bets

In other Accenture news, CEO Mauro Macchi sold 500 shares of the firm’s 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,954 shares of company stock worth $834,280. 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.