Tower View Wealth Management LLC Invests $56,000 in Accenture PLC $ACN

Tower View Wealth Management LLC bought a new stake in shares of Accenture PLC (NYSE:ACN) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 187 shares of the information technology services provider’s stock, valued at approximately $56,000.

Other large investors also recently modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Accenture during the 1st quarter valued at $31,000. Inlight Wealth Management LLC purchased a new position in shares of Accenture during the 1st quarter valued at $32,000. WPG Advisers LLC purchased a new position in shares of Accenture during the 1st quarter valued at $42,000. Atwood & Palmer Inc. lifted its stake in shares of Accenture by 407.4% during the 1st quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 110 shares in the last quarter. Finally, Cheviot Value Management LLC bought a new stake in Accenture in the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the transaction, the chief executive officer directly owned 2,283 shares of the company’s stock, valued at approximately $644,582.22. The trade was a 17.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares of the company’s stock, valued at approximately $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,954 shares of company stock valued at $834,280. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Accenture stock opened at $244.58 on Friday. The company’s 50-day moving average price is $250.32 and its 200-day moving average price is $284.19. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The company has a market cap of $153.19 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.28.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the previous year, the firm posted $2.66 EPS. The business’s quarterly revenue 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. On average, equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is presently 48.72%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Cowen reiterated a “buy” rating on shares of Accenture in a report on Friday, September 26th. Morgan Stanley reduced their price target on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Hsbc Global Res upgraded shares of Accenture to a “moderate sell” rating in a report on Monday, July 28th. Argus set a $370.00 price target on shares of Accenture in a report on Tuesday, June 24th. Finally, Guggenheim reduced their price target on shares of Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $300.22.

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.