Laffer Tengler Investments Inc. Takes $3.60 Million Position in Accenture PLC $ACN

Laffer Tengler Investments Inc. purchased a new position in shares of Accenture PLC (NYSE:ACN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,056 shares of the information technology services provider’s stock, valued at approximately $3,603,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Viawealth LLC grew its position in Accenture by 2.6% during the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock valued at $408,000 after buying an additional 33 shares during the period. Aprio Wealth Management LLC boosted its holdings in Accenture by 2.1% in the 1st quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock worth $512,000 after buying an additional 33 shares during the period. First National Advisers LLC raised its holdings in Accenture by 0.4% during the 1st quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock valued at $2,939,000 after acquiring an additional 34 shares during the period. TCTC Holdings LLC lifted its position in shares of Accenture by 14.5% during the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock worth $84,000 after acquiring an additional 34 shares in the last quarter. Finally, Texas Bank & Trust Co boosted its stake in Accenture by 0.4% in the 1st quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock worth $2,553,000 after purchasing an additional 35 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Performance

NYSE:ACN opened at $245.87 on Monday. The company has a market capitalization of $161.90 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.16 and a beta of 1.28. The business has a 50 day moving average of $245.69 and a 200 day moving average of $274.62. 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 1-year low of $229.40 and a 1-year high of $398.35.

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, topping 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 the consensus estimate of $17.34 billion. During the same period last year, the firm posted $2.66 earnings per share. The business’s 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. On average, sell-side analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.7%. Accenture’s dividend payout ratio (DPR) is currently 53.66%.

Insider Activity

In other news, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction dated 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 owned 1,390 shares in the company, valued at approximately $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Jefferies Financial Group restated a “hold” rating on shares of Accenture in a research report on Tuesday, September 30th. Morgan Stanley lowered their price target on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

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.