University of Texas Texas AM Investment Management Co. Purchases 5,753 Shares of Accenture PLC $ACN

University of Texas Texas AM Investment Management Co. grew its stake in shares of Accenture PLC (NYSE:ACN) by 1,287.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,200 shares of the information technology services provider’s stock after buying an additional 5,753 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Accenture were worth $1,853,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Truist Financial Corp grew its stake in shares of Accenture by 7.0% during the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after acquiring an additional 28,685 shares during the period. Redwood Investments LLC grew its position in shares of Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares in the last quarter. Lipe & Dalton grew its position in shares of Accenture by 2,087.4% during the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after purchasing an additional 4,801 shares in the last quarter. PDS Planning Inc grew its position in shares of Accenture by 34.7% during the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock worth $1,212,000 after purchasing an additional 1,044 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Accenture by 6.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock worth $21,187,000 after purchasing an additional 4,281 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the transaction, the chief executive officer directly owned 1,390 shares in the company, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the transaction, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,402 shares of company stock worth $4,595,374. 0.02% of the stock is currently owned by company insiders.

Accenture Price Performance

Shares of ACN stock opened at $247.93 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day moving average price of $247.27 and a 200 day moving average price of $277.55. The firm has a market capitalization of $163.25 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.16 and a beta of 1.28. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share 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 analyst estimates of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.Accenture’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company 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, sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.63 per share. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a yield of 2.6%. Accenture’s dividend payout ratio is presently 53.66%.

Analyst Ratings Changes

ACN has been the subject of several research analyst reports. Robert W. Baird cut their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft cut their price target on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a report on Friday, September 26th. Susquehanna cut their price target on Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. Stifel Nicolaus lowered their price objective on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Finally, Guggenheim lowered their price objective on Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $297.48.

Accenture Company 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.