Cabot Wealth Management Inc. Has $10.08 Million Position in Accenture PLC $ACN

Cabot Wealth Management Inc. raised its stake in shares of Accenture PLC (NYSE:ACN) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,728 shares of the information technology services provider’s stock after buying an additional 287 shares during the period. Cabot Wealth Management Inc.’s holdings in Accenture were worth $10,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture during the first quarter valued at approximately $31,000. RMG Wealth Management LLC bought a new position in shares of Accenture during the 2nd quarter worth about $33,000. WPG Advisers LLC bought a new position in shares of Accenture during the 1st quarter worth about $42,000. Cheviot Value Management LLC bought a new position in shares of Accenture during the 1st quarter worth about $43,000. Finally, Fiduciary Wealth Partners LLC bought a new stake in Accenture in the first quarter valued at about $45,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Down 0.8%

Shares of NYSE ACN opened at $247.93 on Friday. The company’s 50 day simple moving average is $247.27 and its 200 day simple moving average is $277.55. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a market capitalization of $163.25 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.16 and a beta of 1.28. 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:ACN) last announced its quarterly earnings data 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. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same period in the prior year, the business posted $2.66 earnings per share. Accenture’s revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.63 dividend. 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 annualized dividend and a yield of 2.6%. Accenture’s payout ratio is currently 53.66%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total value of $2,246,130.00. Following the completion of the sale, the chief executive officer owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the sale, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. The trade was a 78.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,402 shares of company stock valued at $4,595,374. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Guggenheim lowered their target price 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. Royal Bank Of Canada reduced their target price on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Wells Fargo & Company initiated coverage on shares of Accenture in a research report on Tuesday. They set an “equal weight” rating and a $251.00 target price on the stock. Rothschild & Co Redburn upped their target price on shares of Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.48.

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.