Carret Asset Management LLC Grows Stock Position in Accenture PLC $ACN

Carret Asset Management LLC raised its position in Accenture PLC (NYSE:ACN) by 13.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,450 shares of the information technology services provider’s stock after buying an additional 516 shares during the quarter. Carret Asset Management LLC’s holdings in Accenture were worth $1,330,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings 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 worth $19,912,594,000 after purchasing an additional 3,419,577 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 worth $2,793,889,000 after buying an additional 3,490,569 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Accenture by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock valued at $2,111,378,000 after buying an additional 228,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 acquiring an additional 126,548 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Accenture by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock valued at $1,600,470,000 after acquiring an additional 164,573 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the sale, the chief executive officer owned 23,516 shares in the company, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of the company’s 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 completion of the transaction, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,402 shares of company stock worth $4,595,374 in the last 90 days. 0.02% of the stock is owned by insiders.

Accenture Trading Down 2.1%

Accenture stock opened at $248.01 on Thursday. The stock has a market capitalization of $163.31 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.21 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. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The firm has a 50 day simple moving average of $247.13 and a 200-day simple moving average of $276.58.

Accenture (NYSE:ACN) last issued its quarterly 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 return on equity of 26.45% and a net margin of 11.02%.The company had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same period last year, the firm earned $2.66 EPS. The firm’s revenue for the quarter 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 expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently announced 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 is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s payout ratio is presently 53.66%.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of research analyst reports. Susquehanna cut their price target on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. Dbs Bank raised Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday. Royal Bank Of Canada reduced their price objective on Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a report on Friday, September 26th. BNP Paribas Exane lowered their target price on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Finally, Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $294.25.

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.