Atlantic Edge Private Wealth Management LLC Has $288,000 Stock Holdings in Accenture PLC $ACN

Atlantic Edge Private Wealth Management LLC lessened its holdings in shares of Accenture PLC (NYSE:ACN) by 17.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 965 shares of the information technology services provider’s stock after selling 208 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Accenture were worth $288,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture in the 1st quarter valued at approximately $31,000. RMG Wealth Management LLC acquired a new position in Accenture in the 2nd quarter valued at approximately $33,000. WPG Advisers LLC acquired a new position in Accenture in the 1st quarter valued at approximately $42,000. Cheviot Value Management LLC acquired a new position in Accenture in the 1st quarter valued at approximately $43,000. Finally, Fiduciary Wealth Partners LLC acquired a new position in Accenture in the 1st quarter valued at approximately $45,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ACN. The Goldman Sachs Group cut their price target on Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a report on Friday, September 26th. UBS Group lowered their price objective on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. BNP Paribas Exane lowered their price objective on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Barclays lowered their price objective on Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research note on Monday, June 23rd. Finally, Wolfe Research lowered their price objective on Accenture from $290.00 to $285.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.22.

Accenture Stock Up 1.6%

NYSE ACN opened at $242.31 on Tuesday. The firm has a market cap of $159.55 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.28. 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 stock’s 50 day simple moving average is $246.85 and its 200 day simple moving average is $278.44. Accenture PLC has a one year low of $229.40 and a one year high of $398.35.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last 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. As a group, sell-side analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is 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.