Wealthfront Advisers LLC Increases Stock Position in Accenture PLC $ACN

Wealthfront Advisers LLC increased its holdings in Accenture PLC (NYSE:ACN) by 14.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,064 shares of the information technology services provider’s stock after acquiring an additional 7,622 shares during the quarter. Wealthfront Advisers LLC’s holdings in Accenture were worth $18,251,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACN. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture in the first quarter valued at about $31,000. RMG Wealth Management LLC acquired a new position in Accenture in the 2nd quarter valued at about $33,000. WPG Advisers LLC purchased a new stake in Accenture during the 1st quarter valued at approximately $42,000. Cheviot Value Management LLC acquired a new stake in Accenture during the 1st quarter worth approximately $43,000. Finally, Fiduciary Wealth Partners LLC purchased a new position in shares of Accenture in the 1st quarter valued at approximately $45,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Down 0.8%

Shares of Accenture stock opened at $247.93 on Friday. The company has a 50-day moving average of $247.27 and a two-hundred day moving average of $277.55. The stock has a market cap of $163.25 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. The business 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%.The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior 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, research analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.63 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is presently 53.66%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Guggenheim reduced their target price on shares of Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, September 26th. UBS Group dropped their price target on shares of Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Finally, Rothschild Redb cut shares of Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.48.

Insider Activity at Accenture

In other Accenture news, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the transaction, the insider directly owned 1,860 shares in the company, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the sale, the chief executive officer directly owned 1,390 shares in the company, valued at $346,763.30. This trade represents a 64.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,402 shares of company stock valued at $4,595,374. Insiders own 0.02% of the company’s stock.

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.