Austin Private Wealth LLC Grows Stake in Accenture PLC $ACN

Austin Private Wealth LLC lifted its stake in shares of Accenture PLC (NYSE:ACN) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,902 shares of the information technology services provider’s stock after purchasing an additional 214 shares during the period. Austin Private Wealth LLC’s holdings in Accenture were worth $568,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. New York Life Investment Management LLC increased its stake in shares of Accenture by 1.4% during the 2nd quarter. New York Life Investment Management LLC now owns 93,884 shares of the information technology services provider’s stock worth $28,061,000 after purchasing an additional 1,311 shares during the last quarter. Howard Capital Management Inc. increased its stake in shares of Accenture by 17.6% during the 2nd quarter. Howard Capital Management Inc. now owns 4,435 shares of the information technology services provider’s stock worth $1,326,000 after purchasing an additional 664 shares during the last quarter. Purkiss Capital Advisors LLC increased its stake in shares of Accenture by 113.0% during the 2nd quarter. Purkiss Capital Advisors LLC now owns 1,866 shares of the information technology services provider’s stock worth $558,000 after purchasing an additional 990 shares during the last quarter. Signet Investment Advisory Group Inc. increased its stake in shares of Accenture by 1.8% during the 2nd quarter. Signet Investment Advisory Group Inc. now owns 17,292 shares of the information technology services provider’s stock worth $5,168,000 after purchasing an additional 301 shares during the last quarter. Finally, Tevis Investment Management increased its stake in shares of Accenture by 44.5% during the 2nd quarter. Tevis Investment Management now owns 3,264 shares of the information technology services provider’s stock worth $976,000 after purchasing an additional 1,005 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity

In related news, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the transaction, the insider directly owned 1,860 shares in the company, valued at approximately $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at $346,763.30. This trade represents a 64.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,402 shares of company stock worth $4,595,374 in the last three months. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Rothschild Redb lowered shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. UBS Group reduced their price objective on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Wall Street Zen lowered shares of Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Mizuho reduced their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $297.48.

Accenture Stock Up 1.1%

ACN opened at $253.57 on Wednesday. The company has a fifty day moving average price of $247.27 and a 200-day moving average price of $276.83. The firm has a market capitalization of $166.97 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. Accenture PLC has a one year low of $229.40 and a one year high of $398.35.

Accenture (NYSE:ACN) last released 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 firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

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

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.