Cerro Pacific Wealth Advisors LLC Sells 822 Shares of Accenture PLC $ACN

Cerro Pacific Wealth Advisors LLC lessened its holdings in Accenture PLC (NYSE:ACN) by 27.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,158 shares of the information technology services provider’s stock after selling 822 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in Accenture were worth $645,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ACN. Price T Rowe Associates Inc. MD increased its position in Accenture by 63.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock worth $2,793,889,000 after purchasing an additional 3,490,569 shares during the last quarter. Vanguard Group Inc. increased its position in Accenture by 5.7% during the first 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 acquiring an additional 3,419,577 shares during the last quarter. Pacer Advisors Inc. increased its position in Accenture by 2,782.1% during the first quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider’s stock valued at $450,985,000 after acquiring an additional 1,395,135 shares during the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in Accenture during the second quarter valued at $308,000. Finally, Invesco Ltd. increased its position in Accenture by 23.5% during the first quarter. Invesco Ltd. now owns 2,823,228 shares of the information technology services provider’s stock valued at $880,960,000 after acquiring an additional 537,223 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ACN. Cowen reiterated a “buy” rating on shares of Accenture in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. HSBC cut their price objective on shares of Accenture from $240.00 to $215.00 in a research report on Friday, September 26th. Argus set a $370.00 price objective on shares of Accenture in a research report on Tuesday, June 24th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $300.22.

Accenture Trading Down 4.3%

NYSE ACN opened at $241.11 on Friday. The company’s 50-day moving average price is $247.45 and its 200-day moving average price is $281.37. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market cap of $151.01 billion, a PE ratio of 19.84, a PEG ratio of 2.10 and a beta of 1.28. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period in the prior year, the firm earned $2.66 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s payout ratio is currently 48.72%.

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.