Lawson Kroeker Investment Management Inc. NE grew its holdings in Accenture PLC (NYSE:ACN – Free Report) by 0.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 16,983 shares of the information technology services provider’s stock after buying an additional 119 shares during the quarter. Lawson Kroeker Investment Management Inc. NE’s holdings in Accenture were worth $5,076,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kelly Lawrence W & Associates Inc. CA bought a new position in Accenture in the first quarter worth approximately $31,000. Inlight Wealth Management LLC bought a new position in shares of Accenture in the 1st quarter worth $32,000. RMG Wealth Management LLC purchased a new stake in shares of Accenture during the 2nd quarter worth $33,000. WPG Advisers LLC bought a new stake in Accenture during 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 institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ACN. The Goldman Sachs Group cut their price objective on shares of Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Royal Bank Of Canada cut their price target on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Argus set a $370.00 price objective on Accenture in a report on Tuesday, June 24th. JPMorgan Chase & Co. dropped their target price on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Finally, Mizuho decreased their price target on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $300.22.
Accenture Stock Down 4.3%
Accenture stock opened at $241.11 on Friday. The business’s 50-day simple moving average is $247.45 and its two-hundred day simple moving average is $281.37. 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 company has a market cap of $151.01 billion, a PE ratio of 19.84, a PEG ratio of 2.10 and a beta of 1.28. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.
Accenture (NYSE:ACN – Get Free Report) last announced its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion during 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 company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.
Accenture Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.63 dividend. The ex-dividend date is Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. Accenture’s dividend payout ratio (DPR) is currently 48.72%.
Accenture 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.
Read More
- Five stocks we like better than Accenture
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Bassett Furniture: Buy Now, Sit Back, and Collect Dividends
- What is a Low P/E Ratio and What Does it Tell Investors?
- AST SpaceMobile’s Big Win: Shares Soar on New Deal With Verizon
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Catch the Next Bitcoin Rally With These 3 ETFs
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN – Free Report).
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.