Phoenix Financial Ltd. Increases Stock Position in Accenture PLC $ACN

Phoenix Financial Ltd. grew its holdings in Accenture PLC (NYSE:ACN) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,034 shares of the information technology services provider’s stock after purchasing an additional 353 shares during the period. Phoenix Financial Ltd.’s holdings in Accenture were worth $4,192,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Viawealth LLC boosted its holdings 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 valued at $408,000 after acquiring an additional 33 shares during the last quarter. Aprio Wealth Management LLC lifted its position in 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 period. First National Advisers LLC boosted its holdings in Accenture by 0.4% in the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock worth $2,939,000 after purchasing an additional 34 shares during the last quarter. TCTC Holdings LLC grew its position in 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 purchasing an additional 34 shares during the period. Finally, Texas Bank & Trust Co raised its stake in Accenture by 0.4% during the 1st quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock valued at $2,553,000 after buying an additional 35 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Up 3.5%

Shares of NYSE:ACN opened at $250.70 on Wednesday. The company has a 50-day moving average price of $247.11 and a 200 day moving average price of $278.25. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a market cap of $165.08 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.11 and a beta of 1.28.

Accenture (NYSE:ACN) 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 return on equity of 26.45% and a net margin of 11.02%.The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $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 research analysts predict that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The company 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 $1.63 dividend. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s payout ratio is currently 53.66%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. JPMorgan Chase & Co. decreased their target price on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. Wells Fargo & Company set a $251.00 target price on Accenture in a research report on Tuesday. TD Cowen reduced their price target on Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, Cowen reiterated a “buy” rating on shares of Accenture in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $298.17.

About Accenture

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.