Precedent Wealth Partners LLC Has $1.88 Million Holdings in Accenture PLC $ACN

Precedent Wealth Partners LLC raised its holdings in shares of Accenture PLC (NYSE:ACN) by 19.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,290 shares of the information technology services provider’s stock after buying an additional 1,038 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Accenture were worth $1,880,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Accenture in the first quarter valued at $31,000. Inlight Wealth Management LLC acquired a new position in shares of Accenture in the first quarter valued at $32,000. WPG Advisers LLC acquired a new position in shares of Accenture in the first quarter valued at $42,000. Atwood & Palmer Inc. raised its stake in shares of Accenture by 407.4% in the first quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 110 shares in the last quarter. Finally, Cheviot Value Management LLC acquired a new position in shares of Accenture in the first quarter valued at $43,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACN has been the subject of a number of recent research reports. The Goldman Sachs Group cut their target price on Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Hsbc Global Res upgraded Accenture to a “moderate sell” rating in a research report on Monday, July 28th. Robert W. Baird lowered their price target on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Rothschild & Co Redburn upped their price target on Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. lowered their price target on Accenture from $302.00 to $290.00 and set an “overweight” 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $300.22.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 203 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 2,954 shares of company stock worth $834,280 over the last 90 days. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of ACN stock opened at $245.39 on Friday. The stock’s fifty day moving average is $249.57 and its 200-day moving average is $283.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. The stock has a market capitalization of $153.69 billion, a PE ratio of 20.20, a PEG ratio of 2.13 and a beta of 1.28. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.98 by $0.05. The company had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities research analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

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

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.