Accenture PLC $ACN Shares Purchased by Centric Wealth Management

Centric Wealth Management grew its holdings in shares of Accenture PLC (NYSE:ACN) by 617.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,691 shares of the information technology services provider’s stock after purchasing an additional 8,340 shares during the period. Centric Wealth Management’s holdings in Accenture were worth $2,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ACN. Firethorn Wealth Partners LLC raised its position in shares of Accenture by 4.4% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after purchasing an additional 36 shares during the period. Wealthcare Advisory Partners LLC grew its stake 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 buying an additional 38 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in Accenture by 3.5% in the second quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock valued at $363,000 after buying an additional 41 shares during the last quarter. Omnia Family Wealth LLC boosted its holdings in shares of Accenture by 5.2% during the second quarter. Omnia Family Wealth LLC now owns 847 shares of the information technology services provider’s stock valued at $253,000 after acquiring an additional 42 shares during the period. Finally, SkyView Investment Advisors LLC grew its position in shares of Accenture by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after acquiring an additional 43 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Price Performance

Shares of NYSE ACN opened at $263.58 on Friday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $270.51 and a two-hundred day moving average of $258.00. The company has a market capitalization of $162.26 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 2.52 and a beta of 1.25.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The business had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.59 EPS. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. As a group, analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, January 13th. Accenture’s payout ratio is presently 53.88%.

Insider Activity at Accenture

In other news, General Counsel Joel Unruch sold 1,026 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $281.70, for a total transaction of $289,024.20. Following the completion of the sale, the general counsel directly owned 27,181 shares of the company’s stock, valued at $7,656,887.70. This represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Catherine Kiernan Hogan sold 660 shares of Accenture stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $280.93, for a total value of $185,413.80. Following the completion of the transaction, the chief operating officer directly owned 12,688 shares in the company, valued at $3,564,439.84. This represents a 4.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,934 shares of company stock valued at $5,965,166 over the last ninety days. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ACN shares. TD Cowen boosted their target price on shares of Accenture from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Citigroup upgraded Accenture to a “hold” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on Accenture from $265.00 to $280.00 and gave the company a “hold” rating in a research report on Monday, January 26th. UBS Group lowered Accenture from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Berenberg Bank began coverage on Accenture in a report on Thursday, January 22nd. They set a “buy” rating and a $313.00 price target on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $298.38.

About Accenture

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.