Ashton Thomas Private Wealth LLC Has $7.97 Million Holdings in Accenture PLC $ACN

Ashton Thomas Private Wealth LLC boosted its stake in Accenture PLC (NYSE:ACN) by 9.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,662 shares of the information technology services provider’s stock after purchasing an additional 2,339 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Accenture were worth $7,969,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value of $623,675.00. Following the transaction, the chief executive officer directly owned 1,390 shares of the company’s stock, valued at $346,763.30. The trade was a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the transaction, the insider directly owned 1,860 shares in the company, valued at approximately $465,018.60. This represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,402 shares of company stock valued at $4,595,374 over the last ninety days. 0.02% of the stock is owned by company insiders.

Accenture Stock Performance

NYSE:ACN opened at $247.93 on Monday. The stock has a market cap of $163.25 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average is $247.27 and its 200-day moving average is $277.39. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Equities research analysts anticipate 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. Investors of record on Friday, October 10th will be paid a $1.63 dividend. This is an increase 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%. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s payout ratio is presently 53.66%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ACN shares. BNP Paribas Exane decreased their target price on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Citigroup upgraded Accenture to a “hold” rating in a research report on Thursday. Cowen restated a “buy” rating on shares of Accenture in a report on Friday, September 26th. Finally, Susquehanna reduced their price target on Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average target price of $297.48.

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.