Laffer Tengler Investments Inc. Takes Position in Accenture PLC $ACN

Laffer Tengler Investments Inc. bought a new position in Accenture PLC (NYSE:ACN) during the 2nd quarter, Holdings Channel reports. The fund bought 12,056 shares of the information technology services provider’s stock, valued at approximately $3,603,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACN. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Accenture in the 1st quarter worth approximately $31,000. RMG Wealth Management LLC purchased a new stake in Accenture in the second quarter worth $33,000. WPG Advisers LLC bought a new stake in Accenture in the first quarter valued at $42,000. Cheviot Value Management LLC purchased a new position in Accenture during the 1st quarter valued at $43,000. Finally, Fiduciary Wealth Partners LLC bought a new position in Accenture in the 1st quarter worth $45,000. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ACN. Wells Fargo & Company started coverage on shares of Accenture in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 target price on the stock. Evercore ISI set a $280.00 price objective on shares of Accenture in a report on Thursday, September 25th. UBS Group reduced their target price on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Guggenheim lowered their target price on Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Finally, Cowen restated a “buy” rating on shares of Accenture in a research report on Friday, September 26th. One research 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the transaction, the chief executive officer owned 23,516 shares in the company, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the firm’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 transaction of $623,675.00. Following the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at $346,763.30. This trade represents a 64.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,319 shares of company stock worth $8,335,225 in the last quarter. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

ACN stock opened at $245.87 on Monday. 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 firm has a 50 day moving average price of $245.69 and a 200-day moving average price of $274.62. 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 $161.90 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.16 and a beta of 1.28.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The company had revenue of $17.60 billion during 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 firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter 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. Equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.63 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is presently 53.66%.

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.