Convergence Financial LLC Purchases 909 Shares of Accenture PLC $ACN

Convergence Financial LLC grew its holdings in Accenture PLC (NYSE:ACN) by 47.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,827 shares of the information technology services provider’s stock after acquiring an additional 909 shares during the period. Convergence Financial LLC’s holdings in Accenture were worth $845,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after buying an additional 4,905 shares during the last quarter. Brookstone Capital Management lifted its stake in Accenture by 32.8% during the 1st quarter. Brookstone Capital Management now owns 4,194 shares of the information technology services provider’s stock valued at $1,309,000 after acquiring an additional 1,036 shares during the period. Financial Counselors Inc. boosted its holdings in Accenture by 2.5% in the first quarter. Financial Counselors Inc. now owns 32,389 shares of the information technology services provider’s stock worth $10,107,000 after purchasing an additional 776 shares during the last quarter. Interchange Capital Partners LLC boosted its stake in shares of Accenture by 10.2% in the 1st quarter. Interchange Capital Partners LLC now owns 928 shares of the information technology services provider’s stock worth $290,000 after buying an additional 86 shares during the last quarter. Finally, Alpha Cubed Investments LLC grew its stake in shares of Accenture by 8.5% during the 1st quarter. Alpha Cubed Investments LLC now owns 699 shares of the information technology services provider’s stock valued at $218,000 after purchasing an additional 55 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ACN has been the subject of several recent research reports. BNP Paribas Exane cut their price target on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a report on Wednesday, September 24th. BMO Capital Markets dropped their price target 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. UBS Group lowered their target price on shares of Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus dropped 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $294.25.

Insider Activity at Accenture

In other news, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The stock was 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 approximately $5,868,888.12. The trade was a 27.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the 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 sale, the insider owned 1,860 shares in the company, valued at $465,018.60. The trade was a 78.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 27,402 shares of company stock valued at $6,875,974. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of Accenture stock opened at $242.98 on Wednesday. The firm has a market cap of $159.99 billion, a PE ratio of 20.00, a PEG ratio of 2.16 and a beta of 1.28. The stock has a 50 day moving average of $246.45 and a 200 day moving average of $275.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same period in the prior year, the firm earned $2.66 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, research analysts expect 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. Stockholders of record on Friday, October 10th will be issued a $1.63 dividend. This is a boost 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 2.7%. Accenture’s payout ratio 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.