Accenture PLC $ACN Shares Sold by Drive Wealth Management LLC

Drive Wealth Management LLC reduced its holdings in Accenture PLC (NYSE:ACN) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,845 shares of the information technology services provider’s stock after selling 401 shares during the quarter. Drive Wealth Management LLC’s holdings in Accenture were worth $2,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ACN. Price T Rowe Associates Inc. MD grew its position in 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 valued at $2,793,889,000 after acquiring an additional 3,490,569 shares during the period. Vanguard Group Inc. grew its position in 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 acquiring an additional 3,419,577 shares during the period. Pacer Advisors Inc. grew its position in Accenture by 2,782.1% during the first 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 during the period. McElhenny Sheffield Capital Management LLC purchased a new stake in Accenture during the second quarter valued at about $308,000. Finally, Invesco Ltd. grew its position in Accenture by 23.5% during the first 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 during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Guggenheim decreased 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. Barclays decreased their target price on Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a research report on Monday, June 23rd. Susquehanna decreased their target price on Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, September 18th. Finally, BNP Paribas Exane decreased their target price on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.22.

Accenture Trading Up 1.9%

Shares of ACN opened at $238.46 on Monday. The company has a market capitalization of $157.02 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.08 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 quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50-day moving average price of $246.78 and a 200 day moving average price of $278.74.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The firm 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%.Accenture’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Sell-side analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.63 dividend. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is currently 53.66%.

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.