Accenture PLC $ACN Shares Bought by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC raised its holdings in shares of Accenture PLC (NYSE:ACN) by 29.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,071 shares of the information technology services provider’s stock after buying an additional 4,105 shares during the period. Capital Asset Advisory Services LLC’s holdings in Accenture were worth $4,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ACN. Aprio Wealth Management LLC lifted its holdings in shares of Accenture by 2.1% during the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after purchasing an additional 33 shares during the last quarter. Texas Bank & Trust Co boosted its holdings in shares of Accenture by 0.4% in the first quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock worth $2,553,000 after buying an additional 35 shares during the period. Norway Savings Bank boosted its stake in Accenture by 0.9% in the 2nd quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock worth $1,232,000 after purchasing an additional 36 shares during the period. Firethorn Wealth Partners LLC lifted its holdings in shares of Accenture by 4.4% in the second quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock valued at $255,000 after purchasing an additional 36 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in Accenture by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock worth $1,465,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Up 1.3%

Accenture stock opened at $275.02 on Tuesday. 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 fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a fifty day moving average price of $251.01 and a two-hundred day moving average price of $264.55. The firm has a market cap of $181.10 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 2.64 and a beta of 1.26.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same period last year, the business posted $2.66 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. As a group, analysts forecast that Accenture PLC will post 12.73 earnings per share for the current 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 paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is currently 53.66%.

Insider Buying and Selling at Accenture

In other Accenture news, insider Manish Sharma sold 6,902 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total value of $1,725,569.02. Following the sale, the insider directly owned 1,860 shares in the company, valued at $465,018.60. This trade represents a 78.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 5,917 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $246.62, for a total transaction of $1,459,250.54. Following the transaction, the chief executive officer directly owned 8,599 shares of the company’s stock, valued at $2,120,685.38. This represents a 40.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,319 shares of company stock valued at $8,335,225 in the last ninety days. Company insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ACN shares. Mizuho decreased their target price on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Evercore ISI set a $280.00 price objective on Accenture in a report on Thursday, September 25th. UBS Group reduced their target price on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Wells Fargo & Company assumed coverage on shares of Accenture in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 price target on the stock. Finally, BMO Capital Markets cut their price target 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. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average target price of $294.04.

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.