Sierra Legacy Group Increases Stake in Accenture PLC $ACN

Sierra Legacy Group boosted its holdings in shares of Accenture PLC (NYSE:ACN) by 38.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,060 shares of the information technology services provider’s stock after purchasing an additional 2,786 shares during the quarter. Accenture comprises about 2.3% of Sierra Legacy Group’s investment portfolio, making the stock its 10th largest position. Sierra Legacy Group’s holdings in Accenture were worth $3,007,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BMO Capital Markets dropped their price objective on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research note on Friday, September 26th. HSBC dropped their price target on shares of Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. Rothschild Redb lowered shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Guggenheim dropped their target price on Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, Hsbc Global Res raised Accenture to a “moderate sell” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned 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, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

Accenture Trading Down 0.6%

ACN opened at $239.99 on Wednesday. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The company has a market capitalization of $158.03 billion, a P/E ratio of 19.75, a PEG ratio of 2.16 and a beta of 1.28. The stock’s fifty day moving average is $244.13 and its two-hundred day moving average is $271.98. 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 (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) 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 the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

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

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 5,917 shares of Accenture stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total value of $1,459,250.54. Following the transaction, the chief executive officer owned 8,599 shares in the company, valued at $2,120,685.38. The trade was a 40.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the 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 sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,319 shares of company stock valued at $8,335,225 over the last quarter. 0.02% of the stock is owned by corporate insiders.

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.