Cassaday & Co Wealth Management LLC Buys 213 Shares of Accenture PLC $ACN

Cassaday & Co Wealth Management LLC lifted its holdings in Accenture PLC (NYSE:ACN) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,056 shares of the information technology services provider’s stock after purchasing an additional 213 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Accenture were worth $913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC increased its position in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of Accenture by 32.8% in the first quarter. Brookstone Capital Management now owns 4,194 shares of the information technology services provider’s stock worth $1,309,000 after acquiring an additional 1,036 shares during the period. Roffman Miller Associates Inc. PA boosted its stake in shares of Accenture by 1.6% in the first quarter. Roffman Miller Associates Inc. PA now owns 73,509 shares of the information technology services provider’s stock worth $22,938,000 after acquiring an additional 1,123 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Accenture by 9.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,426,071 shares of the information technology services provider’s stock worth $757,031,000 after acquiring an additional 211,746 shares during the period. Finally, Financial Counselors Inc. boosted its stake in shares of Accenture by 2.5% in the first quarter. Financial Counselors Inc. now owns 32,389 shares of the information technology services provider’s stock worth $10,107,000 after acquiring an additional 776 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the sale, the chief executive officer owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares in the company, valued at $465,018.60. This trade represents a 78.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,402 shares of company stock worth $6,875,974. 0.02% of the stock is currently owned by company insiders.

Accenture Price Performance

NYSE:ACN opened at $248.37 on Tuesday. The firm has a market capitalization of $163.55 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.16 and a beta of 1.28. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The business has a 50 day simple moving average of $246.71 and a 200-day simple moving average of $275.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the company earned $2.66 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a $1.63 dividend. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. Accenture’s dividend payout ratio (DPR) is currently 53.66%.

Analysts Set New Price Targets

A number of brokerages recently commented on ACN. UBS Group dropped their price target on Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Rothschild Redb lowered Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Evercore ISI set a $280.00 price target on Accenture in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft dropped their price target on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. dropped their price target on Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $294.25.

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.