Mirae Asset Global Investments Co. Ltd. Raises Position in Accenture PLC $ACN

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Accenture PLC (NYSE:ACN) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,887 shares of the information technology services provider’s stock after purchasing an additional 4,281 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Accenture were worth $21,187,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Viawealth LLC lifted its stake in shares of Accenture by 2.6% during the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock worth $408,000 after purchasing an additional 33 shares during the period. Aprio Wealth Management LLC raised its position in shares of Accenture by 2.1% in the 1st quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock worth $512,000 after buying an additional 33 shares during the period. First National Advisers LLC raised its position in shares of Accenture by 0.4% in the 1st quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock worth $2,939,000 after buying an additional 34 shares during the period. TCTC Holdings LLC raised its position in shares of Accenture by 14.5% in the 1st quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock worth $84,000 after buying an additional 34 shares during the period. Finally, Spectrum Asset Management Inc. NB CA raised its position in shares of Accenture by 0.3% in the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 11,777 shares of the information technology services provider’s stock worth $3,675,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 0.4%

Shares of Accenture stock opened at $245.39 on Friday. The business has a 50-day moving average of $249.57 and a 200-day moving average of $283.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. The company has a market capitalization of $153.69 billion, a PE ratio of 20.20, a P/E/G ratio of 2.13 and a beta of 1.28. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.05. The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal 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 paid a dividend of $1.63 per share. This is a boost from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 10th. Accenture’s payout ratio is 48.72%.

Insider Activity

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.45, for a total transaction of $635,794.95. Following the transaction, the chief executive officer owned 8,109 shares of the company’s stock, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at $644,582.22. The trade was a 17.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock worth $834,280 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

ACN has been the topic of several research reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Accenture in a research report on Tuesday. Stifel Nicolaus cut their target price on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. 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 report on Wednesday, September 24th. TD Cowen lowered their price target on Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a report on Friday, September 26th. Finally, Morgan Stanley lowered their price target on Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average target price of $300.22.

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.