AssuredPartners Investment Advisors LLC trimmed its stake in Accenture PLC (NYSE:ACN – Free Report) by 12.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 932 shares of the information technology services provider’s stock after selling 133 shares during the quarter. AssuredPartners Investment Advisors LLC’s holdings in Accenture were worth $279,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp raised its stake in shares of Accenture by 7.0% during the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after purchasing an additional 28,685 shares in the last quarter. Redwood Investments LLC raised its position in Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after acquiring an additional 1,287 shares in the last quarter. Lipe & Dalton raised its position in Accenture by 2,087.4% in the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after acquiring an additional 4,801 shares in the last quarter. PDS Planning Inc raised its position in Accenture by 34.7% in the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock worth $1,212,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Accenture by 6.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock worth $21,187,000 after purchasing an additional 4,281 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. TD Cowen reduced their price target on Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a report on Friday, September 26th. Robert W. Baird reduced their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, September 26th. BMO Capital Markets decreased their target price on Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $300.22.
Accenture Price Performance
Accenture stock opened at $238.46 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The firm has a market cap of $157.02 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.04 and a beta of 1.28. The business’s fifty day moving average is $246.78 and its two-hundred day moving average is $279.16.
Accenture (NYSE:ACN – Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter in the prior year, the firm posted $2.66 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.
Accenture Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio is currently 53.66%.
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.
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