Pegasus Asset Management Inc. Has $5.84 Million Stock Holdings in Accenture PLC $ACN

Pegasus Asset Management Inc. grew its stake in Accenture PLC (NYSE:ACN) by 2.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 19,548 shares of the information technology services provider’s stock after buying an additional 471 shares during the quarter. Accenture accounts for 2.0% of Pegasus Asset Management Inc.’s holdings, making the stock its 18th biggest position. Pegasus Asset Management Inc.’s holdings in Accenture were worth $5,843,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ACN. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture during the first quarter worth $31,000. Inlight Wealth Management LLC acquired a new stake in shares of Accenture in the first quarter valued at approximately $32,000. RMG Wealth Management LLC acquired a new stake in Accenture during the 2nd quarter valued at $33,000. WPG Advisers LLC acquired a new stake in shares of Accenture during the 1st quarter worth about $42,000. Finally, Cheviot Value Management LLC bought a new stake in Accenture in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Performance

NYSE ACN opened at $241.11 on Monday. The company has a market cap of $151.01 billion, a P/E ratio of 19.84, a PEG ratio of 2.10 and a beta of 1.28. The company has a fifty day simple moving average of $247.45 and a 200 day simple moving average of $281.18. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Sell-side analysts predict 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 53.66%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ACN. Evercore ISI set a $280.00 price objective on shares of Accenture in a research note on Thursday, September 25th. Hsbc Global Res upgraded shares of Accenture to a “moderate sell” rating in a research report on Monday, July 28th. Argus set a $370.00 target price on Accenture in a report on Tuesday, June 24th. Robert W. Baird decreased their price objective on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Finally, Cowen reissued a “buy” rating on shares of Accenture in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently 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.