Quadcap Wealth Management LLC Purchases New Position in Accenture PLC $ACN

Quadcap Wealth Management LLC purchased a new position in Accenture PLC (NYSE:ACN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,280 shares of the information technology services provider’s stock, valued at approximately $785,000.

Several other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Accenture by 2.2% during the first quarter. Bank of America Corp DE now owns 6,531,231 shares of the information technology services provider’s stock worth $1,295,078,000 after purchasing an additional 143,483 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Accenture by 17.7% in the third quarter. Pzena Investment Management LLC now owns 6,054,682 shares of the information technology services provider’s stock valued at $1,110,247,000 after buying an additional 912,506 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Accenture by 120.0% during the 1st quarter. First Trust Advisors LP now owns 3,482,150 shares of the information technology services provider’s stock worth $690,475,000 after buying an additional 1,899,305 shares during the last quarter. Flossbach Von Storch SE acquired a new position in shares of Accenture during the 2nd quarter worth $309,873,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Accenture by 24.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,384,954 shares of the information technology services provider’s stock worth $472,913,000 after buying an additional 466,452 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ACN. The Goldman Sachs Group increased their price objective on shares of Accenture from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Stifel Nicolaus set a $242.00 target price on shares of Accenture in a research report on Thursday, October 15th. Evercore set a $250.00 price target on shares of Accenture and gave the company an “outperform” rating in a report on Thursday, October 1st. Wolfe Research increased their price target on shares of Accenture from $165.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Finally, Wells Fargo & Company increased their price target on shares of Accenture from $210.00 to $252.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. Ten equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $221.07.

Accenture Trading Down 1.8%

NYSE:ACN traded down $4.80 during mid-day trading on Friday, reaching $260.36. The company’s stock had a trading volume of 4,262,459 shares, compared to its average volume of 6,775,025. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $153.89 billion, a P/E ratio of 19.20, a P/E/G ratio of 2.00 and a beta of 1.01. The company’s fifty day simple moving average is $210.35 and its two-hundred day simple moving average is $191.91. Accenture PLC has a twelve month low of $118.15 and a twelve month high of $291.09.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The business had revenue of $18.68 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period in the prior year, the firm posted $3.03 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. On average, equities analysts predict that Accenture PLC will post 14.68 EPS for the current year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 13th will be paid a dividend of $1.71 per share. This is an increase from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, October 13th. Accenture’s payout ratio is 50.44%.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture and Mondel?z International are applying agentic AI to redesign Mondel?z’s global order-to-cash operations, including ordering, invoicing and collections. The project showcases demand for Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
• Positive Sentiment: A valuation analysis says ACN trades at about 18 times forward earnings, below its 10-year average of 24 times, even after a strong recent rally. That could appeal to investors who see room for the valuation to recover. Accenture’s valuation analysis
• Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his direct holdings by about 62.5%. The sale was made under a pre-arranged Rule 10b5-1 plan, so it is not necessarily a signal about his outlook for the company. Accenture CEO share sale
• Negative Sentiment: Accenture fell even as the market rose, indicating relative weakness in the session. The report describes the decline but does not point to a specific company catalyst. Accenture stock underperforms as the market gains

Insider Activity at Accenture

In other news, CAO Melissa A. Burgum sold 811 shares of the company’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $250.00, for a total transaction of $202,750.00. Following the completion of the sale, the chief accounting officer directly owned 9,820 shares in the company, valued at $2,455,000. This represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Atsushi Egawa sold 10,000 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $270.00, for a total value of $2,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,996 shares in the company, valued at $1,618,920. This trade represents a 62.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,675 shares of company stock valued at $4,747,563 over the last 90 days. 0.02% of the stock is currently owned by insiders.

About Accenture

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions.

The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.

Accenture traces its roots to the consulting business of accounting firm Arthur Andersen.