Jmac Enterprises LLC Takes $375,000 Position in Accenture PLC $ACN

Jmac Enterprises LLC purchased a new stake in Accenture PLC (NYSE:ACN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,254 shares of the information technology services provider’s stock, valued at approximately $375,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ACN. Price T Rowe Associates Inc. MD boosted its holdings in shares of Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after acquiring an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Accenture by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after acquiring an additional 3,419,577 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Accenture by 2,782.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider’s stock valued at $450,985,000 after acquiring an additional 1,395,135 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Accenture by 23.5% during the 1st quarter. Invesco Ltd. now owns 2,823,228 shares of the information technology services provider’s stock valued at $880,960,000 after acquiring an additional 537,223 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Accenture by 340.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 464,864 shares of the information technology services provider’s stock valued at $145,056,000 after acquiring an additional 359,389 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Evercore ISI set a $280.00 price objective on Accenture in a report on Thursday, September 25th. Rothschild & Co Redburn raised their price objective on Accenture from $250.00 to $255.00 in a report on Friday, September 19th. Stifel Nicolaus reduced their price target on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Finally, HSBC lowered their price objective on Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $300.22.

Insider Activity

In other news, insider Angela Beatty sold 203 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the completion of the sale, the insider owned 5,249 shares in the company, valued at $1,482,002.66. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares of the company’s stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock worth $834,280 over the last quarter. 0.02% of the stock is currently owned by corporate insiders.

Accenture Trading Up 0.4%

Shares of ACN stock opened at $244.58 on Friday. The company has a market cap of $153.19 billion, a P/E ratio of 20.13, a PEG ratio of 2.12 and a beta of 1.28. The stock has a 50 day simple moving average of $250.32 and a two-hundred day simple moving average of $284.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last issued its 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 during 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 firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. 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 2.7%. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio is presently 48.72%.

Accenture 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.