Accenture PLC $ACN Shares Purchased by Obermeyer Wealth Partners

Obermeyer Wealth Partners lifted its position in Accenture PLC (NYSE:ACN) by 10.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,087 shares of the information technology services provider’s stock after buying an additional 1,069 shares during the quarter. Obermeyer Wealth Partners’ holdings in Accenture were worth $3,314,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACN. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Accenture during the first quarter worth approximately $31,000. 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 position in Accenture during the 1st quarter worth $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 acquired a new position in Accenture in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ACN shares. TD Cowen lowered their price target on shares of Accenture from $313.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Dbs Bank upgraded shares of Accenture from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 27th. Jefferies Financial Group reissued a “hold” rating on shares of Accenture in a research note on Tuesday, September 30th. Cowen reaffirmed a “buy” rating on shares of Accenture in a research note on Friday, September 26th. Finally, BMO Capital Markets decreased their target price on Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $294.25.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the sale, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. This trade represents a 78.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,402 shares of company stock worth $6,875,974 in the last three months. Company insiders own 0.02% of the company’s stock.

Accenture Stock Up 0.5%

Shares of NYSE ACN opened at $250.44 on Monday. The firm has a market cap of $164.91 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The firm’s 50 day moving average price is $246.87 and its 200 day moving average price is $275.96.

Accenture (NYSE:ACN) last issued 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 company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter 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. As a group, sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio 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.