Pegasus Asset Management Inc. Has $5.84 Million Position in Accenture PLC $ACN

Pegasus Asset Management Inc. raised its position in Accenture PLC (NYSE:ACN) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,548 shares of the information technology services provider’s stock after acquiring an additional 471 shares during the period. Accenture comprises approximately 2.0% of Pegasus Asset Management Inc.’s holdings, making the stock its 18th largest holding. Pegasus Asset Management Inc.’s holdings in Accenture were worth $5,843,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Redwood Investments LLC raised its stake in shares of Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after purchasing an additional 1,287 shares in the last quarter. Truist Financial Corp raised its stake in shares of Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after buying an additional 28,685 shares in the last quarter. Lipe & Dalton raised its stake in shares of Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after buying an additional 4,801 shares in the last quarter. PDS Planning Inc raised its position in Accenture by 34.7% in the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock worth $1,212,000 after purchasing an additional 1,044 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Accenture by 6.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock worth $21,187,000 after purchasing an additional 4,281 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ACN shares. Rothschild & Co Redburn increased their price target on shares of Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. Argus set a $370.00 target price on Accenture in a report on Tuesday, June 24th. The Goldman Sachs Group dropped their price objective on Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Benchmark reiterated a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. Finally, Evercore ISI set a $280.00 target price on shares of Accenture in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.22.

Accenture Stock Down 4.3%

NYSE ACN opened at $241.11 on Monday. The stock has a fifty day moving average of $247.45 and a 200-day moving average of $281.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. The stock has a market capitalization of $151.01 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. Accenture PLC has a 52 week low of $229.40 and a 52 week 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 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 business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the previous year, the firm posted $2.66 earnings per share. Accenture’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. On average, equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently announced 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 represents a $6.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend 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.