Raub Brock Capital Management LP Sells 702 Shares of Accenture PLC $ACN

Raub Brock Capital Management LP reduced its stake in shares of Accenture PLC (NYSE:ACN) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,805 shares of the information technology services provider’s stock after selling 702 shares during the quarter. Accenture accounts for approximately 3.2% of Raub Brock Capital Management LP’s portfolio, making the stock its 18th largest holding. Raub Brock Capital Management LP’s holdings in Accenture were worth $14,587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Accenture by 5.7% during the first 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 buying an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock worth $2,793,889,000 after purchasing an additional 3,490,569 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Accenture by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock worth $2,111,378,000 after purchasing an additional 228,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Accenture by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock worth $1,923,225,000 after purchasing an additional 126,548 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Accenture by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock worth $1,600,470,000 after purchasing an additional 164,573 shares during the period. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ACN. Guggenheim dropped their target price on shares of Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a report on Friday, September 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a report on Friday, September 26th. Barclays dropped their target price on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, June 23rd. Finally, Wolfe Research lowered their price objective on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $300.22.

Accenture Price Performance

ACN stock opened at $251.42 on Wednesday. The firm has a 50 day moving average price of $248.44 and a 200-day moving average price of $282.62. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The firm has a market capitalization of $157.47 billion, a price-to-earnings ratio of 20.69, a PEG 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 1.46 and a current ratio of 1.42.

Accenture (NYSE:ACN) last released its earnings results 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 net margin of 11.02% and a return on equity of 26.45%. The firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period last year, the business earned $2.66 earnings per share. The business’s 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. Equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s payout ratio is 48.72%.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the sale, the chief executive officer owned 8,109 shares of the company’s stock, valued at $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mauro Macchi sold 500 shares of the firm’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 transaction of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares of the company’s stock, valued at $644,582.22. This trade represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock valued at $834,280 over the last 90 days. Corporate 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.