Accenture PLC $ACN Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in shares of Accenture PLC (NYSE:ACN) by 205.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,295 shares of the information technology services provider’s stock after acquiring an additional 26,449 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Accenture were worth $11,745,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on ACN shares. Rothschild & Co Redburn increased their target price on Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. Royal Bank Of Canada decreased their price objective on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Jefferies Financial Group reissued a “hold” rating on shares of Accenture in a research note on Tuesday, September 30th. UBS Group reduced their price target on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Finally, Cowen reiterated a “buy” rating on shares of Accenture in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.48.

Insider Activity at Accenture

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the company’s stock in a transaction dated 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 SEC, which can be accessed through this link. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the transaction, the insider directly owned 1,860 shares in the company, valued at $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,402 shares of company stock valued at $4,595,374. 0.02% of the stock is owned by company insiders.

Accenture Stock Down 0.8%

ACN stock opened at $247.93 on Monday. The company has a market cap of $163.25 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.16 and a beta of 1.28. The firm has a 50-day moving average of $247.27 and a two-hundred day moving average of $277.39. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. 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 (NYSE:ACN) last posted its quarterly earnings results 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. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period in the prior year, the business earned $2.66 earnings per share. The business’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. As a group, analysts forecast that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is presently 53.66%.

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.