Kestra Advisory Services LLC lifted its position in shares of Accenture PLC (NYSE:ACN – Free Report) by 7.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 99,371 shares of the information technology services provider’s stock after acquiring an additional 6,816 shares during the period. Kestra Advisory Services LLC’s holdings in Accenture were worth $18,222,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in ACN. Regent Peak Wealth Advisors LLC grew its holdings in Accenture by 10.4% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 74,187 shares of the information technology services provider’s stock valued at $9,232,000 after buying an additional 7,018 shares during the last quarter. Carnegie Investment Counsel grew its holdings in Accenture by 63.5% in the 3rd quarter. Carnegie Investment Counsel now owns 26,565 shares of the information technology services provider’s stock valued at $4,871,000 after buying an additional 10,322 shares during the period. Dynamic Advisor Solutions LLC increased its position in Accenture by 72.4% during the second quarter. Dynamic Advisor Solutions LLC now owns 19,455 shares of the information technology services provider’s stock worth $2,421,000 after purchasing an additional 8,169 shares during the last quarter. Dearborn Partners LLC purchased a new stake in shares of Accenture during the 2nd quarter valued at $25,108,000. Finally, Bright Rock Capital Management LLC acquired a new stake in shares of Accenture during the 2nd quarter worth $7,466,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.
Accenture Trading Down 0.1%
Shares of ACN opened at $260.36 on Monday. Accenture PLC has a 12 month low of $118.15 and a 12 month high of $291.09. The stock’s 50-day moving average is $210.35 and its two-hundred day moving average is $191.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $153.89 billion, a PE ratio of 19.20, a P/E/G ratio of 2.00 and a beta of 1.01.
Accenture (NYSE:ACN – Get Free Report) last posted its earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.11. The business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $18.03 billion. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.03 earnings per share. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Equities analysts forecast that Accenture PLC will post 14.68 earnings per share for the current fiscal year.
Accenture Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be issued a $1.71 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $6.84 dividend on an annualized basis and a yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.63. Accenture’s dividend payout ratio (DPR) is currently 50.44%.
More Accenture News
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture and Mondelēz International are applying agentic AI to redesign Mondelēz’s global order-to-cash operations, including ordering, invoicing and collections. The project showcases demand for Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
- Positive Sentiment: A valuation analysis says ACN trades at about 18 times forward earnings, below its 10-year average of 24 times, even after a strong recent rally. That could appeal to investors who see room for the valuation to recover. Accenture’s valuation analysis
- Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his direct holdings by about 62.5%. The sale was made under a pre-arranged Rule 10b5-1 plan, so it is not necessarily a signal about his outlook for the company. Accenture CEO share sale
- Negative Sentiment: Accenture fell even as the market rose, indicating relative weakness in the session. The report describes the decline but does not point to a specific company catalyst. Accenture stock underperforms as the market gains
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on ACN shares. Truist Financial increased their target price on Accenture from $150.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, October 2nd. Royal Bank Of Canada boosted their price target on Accenture from $175.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, October 2nd. UBS Group set a $278.00 price target on Accenture in a research note on Thursday, October 15th. Wolfe Research raised their price objective on Accenture from $165.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Accenture in a research note on Friday, October 2nd. Ten investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $221.07.
Get Our Latest Research Report on ACN
Insider Buying and Selling
In other news, CEO Julie Sweet acquired 12,200 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were bought at an average price of $245.99 per share, for a total transaction of $3,001,078.00. Following the completion of the purchase, the chief executive officer directly owned 48,910 shares of the company’s stock, valued at approximately $12,031,370.90. This trade represents a 33.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Atsushi Egawa sold 10,000 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $270.00, for a total transaction of $2,700,000.00. Following the transaction, the chief executive officer directly owned 5,996 shares in the company, valued at approximately $1,618,920. The trade was a 62.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,675 shares of company stock valued at $4,747,563 over the last three months. Company insiders own 0.02% of the company’s stock.
Accenture Company Profile
Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions.
The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.
Accenture traces its roots to the consulting business of accounting firm Arthur Andersen.
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