Accenture PLC $ACN Shares Bought by Allworth Financial LP

Allworth Financial LP increased its stake in shares of Accenture PLC (NYSE:ACN) by 16.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,142 shares of the information technology services provider’s stock after buying an additional 2,933 shares during the period. Allworth Financial LP’s holdings in Accenture were worth $6,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture during the first quarter worth $31,000. RMG Wealth Management LLC purchased a new position in shares of Accenture in the second quarter valued at $33,000. WPG Advisers LLC acquired a new position in shares of Accenture during the 1st quarter worth $42,000. Cheviot Value Management LLC purchased a new stake in shares of Accenture in the 1st quarter worth about $43,000. Finally, Fiduciary Wealth Partners LLC acquired a new stake in Accenture in the 1st quarter valued at about $45,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the transaction, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 5,917 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total value of $1,459,250.54. Following the sale, the chief executive officer owned 8,599 shares of the company’s stock, valued at approximately $2,120,685.38. This trade represents a 40.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,319 shares of company stock valued at $8,335,225 in the last quarter. Company insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on Accenture from $355.00 to $315.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a research note on Friday, September 26th. Morgan Stanley cut their target price on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Finally, The Goldman Sachs Group decreased their price target on shares of Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Accenture has an average rating of “Moderate Buy” and a consensus target price of $294.25.

Accenture Price Performance

Shares of NYSE ACN opened at $242.57 on Wednesday. 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 capitalization of $159.72 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.16 and a beta of 1.28. The business has a 50-day moving average of $245.10 and a 200-day moving average of $273.93.

Accenture (NYSE:ACN) last released 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 return on equity of 26.45% and a net margin of 11.02%.The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same period in the previous year, the company posted $2.66 EPS. Accenture’s revenue for the quarter 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. On average, equities analysts anticipate that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

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