Nicholson Wealth Management Group LLC Raises Stake in Accenture PLC $ACN

Nicholson Wealth Management Group LLC boosted its position in Accenture PLC (NYSE:ACN) by 6.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,560 shares of the information technology services provider’s stock after purchasing an additional 276 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Accenture were worth $1,363,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Accenture in the first quarter valued at approximately $31,000. Inlight Wealth Management LLC purchased a new stake in Accenture in the first quarter valued at approximately $32,000. RMG Wealth Management LLC purchased a new stake in Accenture in the second quarter valued at approximately $33,000. WPG Advisers LLC purchased a new stake in Accenture in the first quarter valued at approximately $42,000. Finally, Cheviot Value Management LLC purchased a new stake in Accenture in the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 1.9%

Shares of ACN stock opened at $238.46 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. The company has a market cap of $157.02 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.04 and a beta of 1.28. The stock has a 50 day simple moving average of $246.78 and a 200-day simple moving average of $279.16. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

Accenture (NYSE:ACN) last announced its earnings results 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. 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 business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities research analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.7%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is currently 53.66%.

Wall Street Analysts Forecast Growth

ACN has been the topic of several recent research reports. Mizuho lowered their price objective on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. HSBC lowered their price objective on Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. Rothschild Redb lowered Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Barclays lowered their price objective on Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research report on Monday, June 23rd. Finally, Robert W. Baird lowered their price objective on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned 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, Accenture presently has an average 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.