Schulhoff & Co. Inc. Sells 1,242 Shares of Accenture PLC $ACN

Schulhoff & Co. Inc. lessened its holdings in shares of Accenture PLC (NYSE:ACNFree Report) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,678 shares of the information technology services provider’s stock after selling 1,242 shares during the quarter. Accenture makes up approximately 1.5% of Schulhoff & Co. Inc.’s portfolio, making the stock its 16th largest holding. Schulhoff & Co. Inc.’s holdings in Accenture were worth $3,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Accenture by 5.7% during the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after purchasing an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after purchasing an additional 3,490,569 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Accenture by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock valued at $2,111,378,000 after purchasing an additional 228,939 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Accenture by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock valued at $1,923,225,000 after purchasing an additional 126,548 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Accenture by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock valued at $1,600,470,000 after purchasing an additional 164,573 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on ACN shares. Stifel Nicolaus lowered their price target on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Wolfe Research lowered their price objective on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Guggenheim lowered their price objective on shares of Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Jefferies Financial Group restated a “hold” rating on shares of Accenture in a research note on Tuesday, September 30th. Finally, BMO Capital Markets lowered their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $298.17.

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Accenture Stock Up 3.5%

Shares of ACN stock opened at $250.70 on Wednesday. The stock has a market cap of $165.08 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.28. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The stock has a fifty day moving average price of $247.11 and a 200 day moving average price of $278.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42.

Accenture (NYSE:ACNGet Free Report) last issued its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.Accenture’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $2.66 earnings per share. 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 business 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 dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, October 10th. This is a boost from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.6%. Accenture’s dividend payout ratio (DPR) is 53.66%.

Accenture Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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