Salomon & Ludwin LLC Grows Position in Accenture PLC $ACN

Salomon & Ludwin LLC grew its holdings in Accenture PLC (NYSE:ACN) by 141.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282 shares of the information technology services provider’s stock after acquiring an additional 165 shares during the period. Salomon & Ludwin LLC’s holdings in Accenture were worth $85,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ACN. Truist Financial Corp boosted its stake in shares of Accenture by 7.0% in the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock worth $130,376,000 after buying an additional 28,685 shares during the last quarter. Redwood Investments LLC boosted its stake in shares of 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 buying an additional 1,287 shares during the last quarter. Lipe & Dalton lifted its stake in shares of Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after purchasing an additional 4,801 shares during the period. PDS Planning Inc lifted its stake in shares of Accenture by 34.7% in the 2nd quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock valued at $1,212,000 after purchasing an additional 1,044 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 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 valued at $21,187,000 after purchasing an additional 4,281 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACN has been the subject of several analyst reports. The Goldman Sachs Group decreased their target price on shares of Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Cowen reiterated a “buy” rating on shares of Accenture in a research note on Friday, September 26th. HSBC decreased their target price on shares of Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. Morgan Stanley reduced their price objective on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 9th. Finally, Hsbc Global Res raised shares of Accenture to a “moderate sell” rating in a report on Monday, July 28th. 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 given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $300.22.

Accenture Stock Performance

ACN opened at $238.46 on Monday. The firm’s fifty day simple moving average is $246.78 and its two-hundred day simple moving average is $278.74. The company has a market cap of $157.02 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.08 and a beta of 1.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 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 analysts’ expectations of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $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 earnings per share for the current fiscal year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is currently 53.66%.

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.