Klingman & Associates LLC Has $749,000 Stock Holdings in Accenture PLC $ACN

Klingman & Associates LLC raised its stake in Accenture PLC (NYSE:ACN) by 12.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,506 shares of the information technology services provider’s stock after purchasing an additional 277 shares during the quarter. Klingman & Associates LLC’s holdings in Accenture were worth $749,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ACN. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Accenture in the first quarter valued at $31,000. RMG Wealth Management LLC bought a new stake in shares of Accenture in the 2nd quarter valued at about $33,000. WPG Advisers LLC acquired a new stake in Accenture in the 1st quarter valued at about $42,000. Cheviot Value Management LLC bought a new position in Accenture during the first quarter worth about $43,000. Finally, Fiduciary Wealth Partners LLC acquired a new position in Accenture during the first quarter worth approximately $45,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Up 1.6%

ACN stock opened at $242.31 on Tuesday. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35. The business has a 50-day simple moving average of $246.85 and a 200 day simple moving average of $278.44. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The company has a market cap of $159.55 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.28.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $17.34 billion. During the same period last year, the firm earned $2.66 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued 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 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio (DPR) is 53.66%.

Analyst Upgrades and Downgrades

ACN has been the subject of several research analyst reports. HSBC reduced their target price on Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. BMO Capital Markets reduced their price objective on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research report on Friday, September 26th. JPMorgan Chase & Co. dropped their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. Finally, Wolfe Research lowered their price target on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $300.22.

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.