TFC Financial Management Inc. Purchases 142 Shares of Accenture PLC $ACN

TFC Financial Management Inc. lifted its position in Accenture PLC (NYSE:ACN) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,031 shares of the information technology services provider’s stock after acquiring an additional 142 shares during the period. Accenture makes up about 0.5% of TFC Financial Management Inc.’s investment portfolio, making the stock its 17th largest position. TFC Financial Management Inc.’s holdings in Accenture were worth $3,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. S Bank Fund Management Ltd bought a new position in shares of Accenture in the second quarter valued at $7,084,000. Harbor Asset Planning Inc. bought a new position in shares of Accenture in the second quarter valued at $137,000. Barlow Wealth Partners Inc. grew its stake in shares of Accenture by 0.3% in the second quarter. Barlow Wealth Partners Inc. now owns 53,043 shares of the information technology services provider’s stock valued at $16,034,000 after buying an additional 168 shares in the last quarter. Stableford Capital II LLC bought a new position in shares of Accenture in the second quarter valued at $851,000. Finally, Tower Wealth Partners Inc. bought a new position in Accenture during the second quarter worth $305,000. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ACN. Wolfe Research reduced their price objective on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Wall Street Zen cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Stifel Nicolaus reduced their price objective on shares of Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Accenture in a research report on Tuesday, September 30th. Finally, Cowen reaffirmed a “buy” rating on shares of Accenture in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.22.

Accenture Stock Down 2.5%

ACN stock opened at $233.79 on Friday. The company has a market cap of $146.43 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.28. The business has a 50-day simple moving average of $246.79 and a 200 day simple moving average of $279.67. Accenture PLC has a 52 week low of $229.40 and a 52 week 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.

Accenture (NYSE:ACN) last posted its quarterly 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 business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.Accenture’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Sell-side analysts anticipate 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. Investors of record on Friday, October 10th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.8%. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s payout ratio is presently 53.66%.

About Accenture

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.