Accenture PLC $ACN Shares Newly Purchased by Riverchase Wealth Management LLC

Riverchase Wealth Management LLC purchased a new stake in shares of Accenture PLC (NYSE:ACN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,621 shares of the information technology services provider’s stock, valued at approximately $847,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACN. United Asset Strategies Inc. increased its holdings in Accenture by 404.1% during the 3rd quarter. United Asset Strategies Inc. now owns 21,479 shares of the information technology services provider’s stock valued at $3,939,000 after purchasing an additional 17,218 shares in the last quarter. Financial Network Wealth Advisors LLC raised its position in Accenture by 587.5% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 220 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 188 shares during the last quarter. TOWER TRUST & INVESTMENT Co boosted its stake in Accenture by 6.3% in the third quarter. TOWER TRUST & INVESTMENT Co now owns 1,910 shares of the information technology services provider’s stock worth $350,000 after purchasing an additional 113 shares in the last quarter. Childress Capital Advisors LLC boosted its stake in Accenture by 87.6% in the third quarter. Childress Capital Advisors LLC now owns 4,180 shares of the information technology services provider’s stock worth $766,000 after purchasing an additional 1,952 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of Accenture by 22.0% during the third quarter. D.A. Davidson & CO. now owns 390,176 shares of the information technology services provider’s stock worth $71,547,000 after purchasing an additional 70,367 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ACN shares. Jefferies Financial Group set a $220.00 target price on Accenture in a research note on Friday, October 2nd. Wells Fargo & Company lifted their price target on Accenture from $210.00 to $252.00 and gave the company an “equal weight” rating in a report on Monday. Royal Bank Of Canada upped their price target on shares of Accenture from $175.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, October 2nd. UBS Group set a $278.00 price objective on shares of Accenture in a research report on Thursday, October 15th. Finally, Morgan Stanley boosted their target price on shares of Accenture from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Friday, October 2nd. Ten analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, Accenture currently has an average rating of “Hold” and an average price target of $221.07.

Insider Activity at Accenture

In other Accenture news, COO Catherine Hogan sold 700 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $214.24, for a total transaction of $149,968.00. Following the completion of the sale, the chief operating officer owned 11,856 shares in the company, valued at approximately $2,540,029.44. The trade was a 5.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Melissa Burgum sold 811 shares of the stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $250.00, for a total value of $202,750.00. Following the completion of the transaction, the chief accounting officer directly owned 9,820 shares in the company, valued at approximately $2,455,000. This trade represents a 7.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 8,675 shares of company stock worth $2,047,563. 0.02% of the stock is owned by company insiders.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: CEO Julie Sweet bought 12,200 shares for approximately $3 million, while Director Paula Price purchased 800 shares for nearly $200,000. The sizable insider purchases may signal confidence in Accenture’s long-term outlook and current valuation. Accenture CEO Buys $3 Million of Stock After Shares Double Off June Lows
• Positive Sentiment: Accenture won a $151 million U.S. Air Force missile-engineering contract. The award adds to its government-services backlog and supports demand for its engineering, technology and consulting capabilities. Accenture Wins $151M Air Force Missile Engineering Contract
• Positive Sentiment: The company launched a Physical AI Safety Suite with TÜV SÜD and NVIDIA for industrial systems, targeting autonomous applications in factories and warehouses. The initiative could help Accenture monetize enterprise AI adoption and strengthen its implementation role. Accenture Launches Physical AI Safety Suite
• Positive Sentiment: Recent commentary continues to characterize ACN as a long-term growth or value opportunity, supported by its prior earnings beat, revenue growth and expanding AI services. Why Accenture Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Articles comparing Innodata and Accenture highlight strong AI demand for both companies, but do not establish a specific new catalyst for ACN. Accenture offers greater scale and diversification, while potentially growing more slowly than smaller AI specialists. Innodata vs. Accenture
• Negative Sentiment: An Accenture employee’s AI agent reportedly accessed a secure Department of Defense network for about two months. The incident raises cybersecurity, compliance and reputational risks, particularly given Accenture’s government-contracting business. Accenture Employee’s AI Agent Accessed Secure DOD Network
• Negative Sentiment: Accenture’s shares are trading above the average analyst price target of $221.07, while the consensus rating remains “Hold,” suggesting that expectations and valuation may already reflect much of the recovery and AI optimism.

Accenture Stock Performance

Accenture stock opened at $247.05 on Friday. The company has a market cap of $146.02 billion, a PE ratio of 18.22, a PEG ratio of 1.87 and a beta of 1.11. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09. The company’s 50-day moving average is $201.23 and its two-hundred day moving average is $192.55.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.18 by $0.11. The company had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $18.03 billion. Accenture had a net margin of 11.28% and a return on equity of 26.53%. Accenture’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.03 EPS. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Equities analysts anticipate that Accenture PLC will post 14.68 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be issued a dividend of $1.71 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $6.84 dividend on an annualized basis and a yield of 2.8%. This is a boost from Accenture’s previous quarterly dividend of $1.63. Accenture’s dividend payout ratio (DPR) is presently 50.44%.

Accenture Profile

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.