BKM Wealth Management LLC Sells 218 Shares of Accenture PLC $ACN

BKM Wealth Management LLC lessened its holdings in Accenture PLC (NYSE:ACN) by 2.5% in the second quarter, Holdings Channel reports. The firm owned 8,535 shares of the information technology services provider’s stock after selling 218 shares during the period. Accenture accounts for 1.0% of BKM Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. BKM Wealth Management LLC’s holdings in Accenture were worth $2,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp grew its stake in shares of Accenture by 7.0% during the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after acquiring an additional 28,685 shares during the period. Redwood Investments LLC boosted its stake in Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares during the period. Lipe & Dalton boosted its stake in Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after purchasing an additional 4,801 shares during the period. PDS Planning Inc boosted its stake in Accenture by 34.7% in the 2nd quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock worth $1,212,000 after purchasing an additional 1,044 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted 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 during the period. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

Shares of NYSE ACN opened at $238.46 on Friday. The stock has a market cap of $157.02 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 2.08 and a beta of 1.28. 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 PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The stock’s 50-day moving average is $246.78 and its 200 day moving average is $278.90.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates 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%.Accenture’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is 53.66%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ACN. Cowen reaffirmed a “buy” rating on shares of Accenture in a report on Friday, September 26th. BMO Capital Markets lowered their price target on Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a report on Friday, September 26th. Rothschild & Co Redburn raised their price target on Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Finally, Barclays lowered their price target on Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $300.22.

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.