DeDora Capital Inc. Reduces Stock Position in Accenture PLC $ACN

DeDora Capital Inc. lessened its position in shares of Accenture PLC (NYSE:ACN) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,778 shares of the information technology services provider’s stock after selling 443 shares during the quarter. DeDora Capital Inc.’s holdings in Accenture were worth $830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Truist Financial Corp lifted its holdings in shares of Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after buying an additional 28,685 shares during the period. Redwood Investments LLC raised its holdings in Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares during the period. Lipe & Dalton raised its holdings in Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after purchasing an additional 4,801 shares during the period. PDS Planning Inc raised its holdings in shares of Accenture by 34.7% during the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock valued at $1,212,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Accenture by 6.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock valued at $21,187,000 after acquiring an additional 4,281 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Susquehanna reduced their target price on Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Morgan Stanley lowered their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 9th. Wolfe Research lowered their price target on Accenture from $290.00 to $285.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Finally, Mizuho reduced their price objective on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.22.

Accenture Stock Performance

Shares of ACN stock opened at $238.46 on Friday. The stock’s 50-day moving average is $246.78 and its two-hundred day moving average is $278.90. The firm has a market cap of $157.02 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.08 and a beta of 1.28. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter last year, the company posted $2.66 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued 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 yield of 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is presently 53.66%.

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.