Broadway Wealth Solutions Inc. Raises Stock Holdings in Accenture PLC $ACN

Broadway Wealth Solutions Inc. increased its holdings in shares of Accenture PLC (NYSE:ACN) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 986 shares of the information technology services provider’s stock after purchasing an additional 116 shares during the quarter. Broadway Wealth Solutions Inc.’s holdings in Accenture were worth $295,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Redwood Investments LLC grew its position in shares of Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after purchasing an additional 1,287 shares in the last quarter. Lipe & Dalton grew its holdings in Accenture by 2,087.4% during the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after buying an additional 4,801 shares in the last quarter. Intech Investment Management LLC grew its holdings in Accenture by 40.5% during the 1st quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider’s stock valued at $30,777,000 after buying an additional 28,446 shares in the last quarter. Park National Corp OH grew its holdings in Accenture by 4.3% during the 2nd quarter. Park National Corp OH now owns 129,667 shares of the information technology services provider’s stock valued at $38,756,000 after buying an additional 5,388 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in Accenture by 1.5% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 234,066 shares of the information technology services provider’s stock valued at $69,960,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other news, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the transaction, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the transaction, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. This represents a 21.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock valued at $834,280 in the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ACN. JPMorgan Chase & Co. cut their price target on Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Susquehanna cut their price target on Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. BMO Capital Markets cut their price target on Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a report on Friday. TD Cowen cut their price target on Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a report on Friday, September 26th. Finally, Morgan Stanley lowered their price objective on Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $300.22.

Accenture Price Performance

Shares of ACN stock opened at $246.72 on Wednesday. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. The firm has a market capitalization of $154.53 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.15 and a beta of 1.29. The stock has a 50 day moving average price of $251.91 and a 200 day moving average price of $285.04.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. The firm had revenue of $17.60 billion during 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%.Accenture’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, sell-side analysts predict that Accenture PLC will post 12.73 earnings per share 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 given a dividend of $1.63 per share. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 dividend on an annualized basis and a yield of 2.6%. Accenture’s dividend payout ratio is presently 48.72%.

About Accenture

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.