Neo Ivy Capital Management Makes New Investment in Accenture PLC $ACN

Neo Ivy Capital Management bought a new stake in Accenture PLC (NYSE:ACN) during the second quarter, Holdings Channel reports. The institutional investor bought 7,947 shares of the information technology services provider’s stock, valued at approximately $2,375,000.

Several other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Ignite Planners LLC grew its position in Accenture by 6.6% in the 1st quarter. Ignite Planners LLC now owns 856 shares of the information technology services provider’s stock worth $257,000 after purchasing an additional 53 shares in the last quarter. IMA Advisory Services Inc. purchased a new stake in Accenture in the 1st quarter valued at about $67,000. Wedbush Securities Inc. lifted its position in shares of Accenture by 5.0% during the 1st quarter. Wedbush Securities Inc. now owns 6,367 shares of the information technology services provider’s stock worth $1,987,000 after buying an additional 302 shares in the last quarter. Finally, Wakefield Asset Management LLLP purchased a new position in shares of Accenture in the 1st quarter worth approximately $375,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ACN shares. Wolfe Research increased their price target on Accenture from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Accenture in a research report on Tuesday, September 30th. Rothschild & Co Redburn lifted their target price on Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. Hsbc Global Res upgraded shares of Accenture to a “moderate sell” rating in a research report on Monday, July 28th. Finally, Susquehanna lowered their price objective on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

Accenture Price Performance

Accenture stock opened at $241.02 on Friday. The firm has a market capitalization of $158.71 billion, a P/E ratio of 19.84, a PEG ratio of 2.16 and a beta of 1.28. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day moving average price of $244.03 and a 200-day moving average price of $271.55.

Accenture (NYSE:ACN) last issued its quarterly earnings data 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. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same quarter in the prior year, the firm posted $2.66 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 10th were paid a dividend of $1.63 per share. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, October 10th. Accenture’s dividend payout ratio is presently 53.66%.

Insider Buying and Selling

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the sale, the chief executive officer directly owned 1,390 shares in the company, valued at $346,763.30. This represents a 64.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction on 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 transaction, the insider owned 1,860 shares of the company’s stock, valued at $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 33,319 shares of company stock valued at $8,335,225. Company insiders own 0.02% of the company’s stock.

Accenture Company Profile

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.