Cyndeo Wealth Partners LLC Has $5.96 Million Stake in Accenture PLC $ACN

Cyndeo Wealth Partners LLC trimmed its holdings in shares of Accenture PLC (NYSE:ACN) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,940 shares of the information technology services provider’s stock after selling 244 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Accenture were worth $5,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Accenture by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after purchasing an additional 3,419,577 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after purchasing an additional 3,490,569 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Accenture by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock valued at $2,111,378,000 after purchasing an additional 228,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Accenture by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock valued at $1,923,225,000 after purchasing an additional 126,548 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Accenture by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock valued at $1,600,470,000 after purchasing an additional 164,573 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Down 0.3%

NYSE:ACN opened at $252.28 on Friday. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $158.01 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.20 and a beta of 1.28. The stock’s fifty day simple moving average is $247.73 and its 200-day simple moving average is $282.04.

Accenture (NYSE:ACN) last posted its quarterly earnings results 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 analyst estimates of $17.34 billion. During the same period last year, the company earned $2.66 EPS. The firm’s revenue 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. Equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current 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 dividend of $1.63 per share. This is a boost from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio is presently 48.72%.

Wall Street Analyst Weigh In

ACN has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a report on Tuesday, September 9th. Barclays lowered their target price on Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a research note on Monday, June 23rd. Robert W. Baird lowered their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. TD Cowen lowered their target price on Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Finally, Susquehanna lowered their target price on Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $300.22.

Accenture 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.