Archer Investment Corp Has $1.23 Million Stock Position in Accenture PLC $ACN

Archer Investment Corp raised its position in shares of Accenture PLC (NYSE:ACN) by 24.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,117 shares of the information technology services provider’s stock after purchasing an additional 810 shares during the quarter. Archer Investment Corp’s holdings in Accenture were worth $1,231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACN. Sanders Capital LLC acquired a new position in Accenture in the second quarter valued at $2,637,640,000. Price T Rowe Associates Inc. MD raised its position in shares of Accenture by 63.9% in the 1st 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 acquiring an additional 3,490,569 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Accenture by 5.7% in 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 during the period. Pacer Advisors Inc. boosted its position in shares of Accenture by 2,782.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider’s stock valued at $450,985,000 after purchasing an additional 1,395,135 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in Accenture during the second quarter worth approximately $308,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 5,917 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 8,599 shares in the company, valued at $2,120,685.38. This represents a 40.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the transaction, the chief executive officer directly owned 1,390 shares in the company, valued at $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by corporate insiders.

Accenture Stock Down 0.0%

Accenture stock opened at $241.02 on Friday. The firm has a market capitalization of $158.71 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The firm’s fifty day moving average price is $244.03 and its two-hundred day moving average price is $271.55. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last posted its 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. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities research analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 10th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. Accenture’s payout ratio is presently 53.66%.

Analyst Ratings Changes

A number of research firms have issued reports on ACN. Citigroup upgraded Accenture to a “hold” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. cut their target price on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Evercore ISI set a $280.00 price target on shares of Accenture in a report on Thursday, September 25th. BMO Capital Markets dropped their price objective on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a report on Friday, September 26th. Finally, TD Cowen reduced 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $294.25.

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.