Applied Finance Capital Management LLC cut its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,568 shares of the information technology services provider’s stock after selling 289 shares during the period. Applied Finance Capital Management LLC’s holdings in Accenture were worth $2,860,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in ACN. Viawealth LLC increased its stake in Accenture by 2.6% in the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock worth $408,000 after purchasing an additional 33 shares during the period. Aprio Wealth Management LLC grew its holdings in shares of Accenture by 2.1% in the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock worth $512,000 after purchasing an additional 33 shares during the last quarter. First National Advisers LLC increased its stake in shares of Accenture by 0.4% in the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock worth $2,939,000 after buying an additional 34 shares during the period. TCTC Holdings LLC raised its holdings in Accenture by 14.5% during the 1st quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock valued at $84,000 after buying an additional 34 shares during the last quarter. Finally, Texas Bank & Trust Co boosted its position in Accenture by 0.4% during the 1st quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock valued at $2,553,000 after buying an additional 35 shares during the period. Institutional investors own 75.14% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have issued reports on ACN. Evercore ISI set a $280.00 price objective on shares of Accenture in a research report on Thursday, September 25th. Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Accenture in a research report on Tuesday, September 30th. TD Cowen cut their price objective on Accenture from $313.00 to $295.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Finally, Robert W. Baird decreased their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $300.22.
Accenture Stock Down 2.5%
ACN stock opened at $233.79 on Friday. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The company has a market capitalization of $146.43 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.28. The business’s 50 day moving average price is $246.79 and its two-hundred day moving average price is $279.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42.
Accenture (NYSE:ACN – Get Free Report) last released its earnings results 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 company had revenue of $17.60 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.
Accenture Increases Dividend
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 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.
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