Custos Family Office LLC acquired a new position in Accenture PLC (NYSE:ACN – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 762 shares of the information technology services provider’s stock, valued at approximately $228,000.
Other hedge funds have also recently made changes to their positions in the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Accenture in the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC bought a new stake in shares of Accenture in the 1st quarter worth approximately $32,000. WPG Advisers LLC bought a new stake in shares of Accenture in the 1st quarter worth approximately $42,000. Atwood & Palmer Inc. lifted its holdings in shares of Accenture by 407.4% in the 1st quarter. Atwood & Palmer Inc. now owns 137 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 110 shares during the last quarter. Finally, Cheviot Value Management LLC purchased a new position in shares of Accenture in the first quarter worth $43,000. 75.14% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Robert W. Baird decreased their target price on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Evercore ISI set a $280.00 target price on shares of Accenture in a research note on Thursday, September 25th. BMO Capital Markets decreased their target price on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research note on Friday, September 26th. Finally, Hsbc Global Res raised shares of Accenture to a “moderate sell” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $300.22.
Insider Transactions at Accenture
In other news, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares of the company’s stock, valued at $644,582.22. This represents a 17.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the sale, the chief executive officer directly owned 8,109 shares in the company, valued at $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock valued at $834,280 in the last three months. 0.02% of the stock is currently owned by company insiders.
Accenture Stock Up 0.4%
Shares of Accenture stock opened at $244.58 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $250.32 and its two-hundred day simple moving average is $284.19. The company has a market cap of $153.19 billion, a P/E ratio of 20.13, a PEG ratio of 2.12 and a beta of 1.28. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35.
Accenture (NYSE:ACN – Get Free Report) last issued its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Research analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.
Accenture Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.63 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is currently 48.72%.
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.
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