Geneos Wealth Management Inc. Acquires 10,241 Shares of Accenture PLC $ACN

Geneos Wealth Management Inc. grew its holdings in Accenture PLC (NYSE:ACN) by 63.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,298 shares of the information technology services provider’s stock after buying an additional 10,241 shares during the period. Geneos Wealth Management Inc.’s holdings in Accenture were worth $7,860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC increased its position in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. American Century Companies Inc. increased its position in Accenture by 17.6% during the first quarter. American Century Companies Inc. now owns 448,596 shares of the information technology services provider’s stock valued at $139,980,000 after acquiring an additional 67,097 shares during the last quarter. Tocqueville Asset Management L.P. lifted its holdings in shares of Accenture by 23.3% in the 1st quarter. Tocqueville Asset Management L.P. now owns 1,111 shares of the information technology services provider’s stock worth $347,000 after acquiring an additional 210 shares during the last quarter. Boston Family Office LLC grew its holdings in Accenture by 46.7% during the 1st quarter. Boston Family Office LLC now owns 4,580 shares of the information technology services provider’s stock valued at $1,429,000 after purchasing an additional 1,459 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in Accenture by 9.4% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 46,398 shares of the information technology services provider’s stock worth $14,478,000 after purchasing an additional 3,982 shares during the period. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ACN. UBS Group cut their target price on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Jefferies Financial Group increased their target price on Accenture from $250.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 10th. Mizuho decreased their target price on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Robert W. Baird cut their price target on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Finally, Rothschild Redb lowered shares of Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $293.21.

Accenture Stock Up 0.5%

Shares of Accenture stock opened at $271.70 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. The stock has a market cap of $178.91 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.64 and a beta of 1.26. The firm’s 50-day moving average is $250.48 and its two-hundred day moving average is $264.85. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. As a group, research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 10th were paid a dividend of $1.63 per share. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date was Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. Accenture’s dividend payout ratio (DPR) is currently 53.66%.

Insider Buying and Selling at Accenture

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the transaction, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. The trade was a 27.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the sale, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at $346,763.30. The trade was a 64.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,319 shares of company stock worth $8,335,225 over the last quarter. Insiders own 0.02% of the company’s stock.

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.