Princeton Global Asset Management LLC Grows Position in Accenture PLC $ACN

Princeton Global Asset Management LLC increased its position in shares of Accenture PLC (NYSE:ACN) by 1.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 20,618 shares of the information technology services provider’s stock after buying an additional 388 shares during the quarter. Accenture accounts for about 1.1% of Princeton Global Asset Management LLC’s holdings, making the stock its 27th biggest position. Princeton Global Asset Management LLC’s holdings in Accenture were worth $6,163,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Viawealth LLC grew its stake in Accenture by 2.6% during the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock worth $408,000 after buying an additional 33 shares during the last quarter. Aprio Wealth Management LLC grew its stake in Accenture by 2.1% during 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 last quarter. First National Advisers LLC grew its stake in shares of Accenture by 0.4% in 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 purchasing an additional 34 shares during the last quarter. TCTC Holdings LLC grew its stake in shares of Accenture by 14.5% in the 1st quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock valued at $84,000 after purchasing an additional 34 shares during the last quarter. Finally, Texas Bank & Trust Co grew its stake in shares of 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 valued at $2,553,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Mizuho lowered their target price on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Robert W. Baird lowered their target price on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock 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 on the stock in a research note on Friday, September 26th. Finally, BNP Paribas Exane decreased their price target on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $300.22.

Accenture Stock Up 1.9%

Accenture stock opened at $238.46 on Monday. 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. The company has a market cap of $157.02 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.08 and a beta of 1.28. The stock’s 50 day moving average price is $246.78 and its 200 day moving average price is $278.74.

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, beating analysts’ consensus estimates of $2.98 by $0.05. The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.66 earnings per share. 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 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors 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 2.7%. The ex-dividend date of this dividend is Friday, October 10th. 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.