Cidel Asset Management Inc. Raises Stake in Accenture PLC $ACN

Cidel Asset Management Inc. increased its holdings in Accenture PLC (NYSE:ACN) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,509 shares of the information technology services provider’s stock after buying an additional 75 shares during the period. Cidel Asset Management Inc.’s holdings in Accenture were worth $750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Salomon & Ludwin LLC boosted its position in shares of Accenture by 141.0% in the 2nd quarter. Salomon & Ludwin LLC now owns 282 shares of the information technology services provider’s stock worth $85,000 after buying an additional 165 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in Accenture by 6.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,994 shares of the information technology services provider’s stock valued at $4,575,000 after purchasing an additional 954 shares during the last quarter. International Assets Investment Management LLC raised its stake in Accenture by 6.5% in the 2nd quarter. International Assets Investment Management LLC now owns 1,688 shares of the information technology services provider’s stock valued at $504,000 after purchasing an additional 103 shares during the last quarter. Wealthstream Advisors Inc. raised its stake in Accenture by 19.6% in the 2nd quarter. Wealthstream Advisors Inc. now owns 1,054 shares of the information technology services provider’s stock valued at $315,000 after purchasing an additional 173 shares during the last quarter. Finally, Swmg LLC raised its stake in Accenture by 19.2% in the 2nd quarter. Swmg LLC now owns 2,218 shares of the information technology services provider’s stock valued at $614,000 after purchasing an additional 358 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Performance

Accenture stock opened at $238.46 on Monday. The stock has a market cap of $157.02 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.08 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 has a 50 day moving average of $246.78 and a 200-day moving average of $278.74. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.98 by $0.05. The company had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is currently 53.66%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ACN. Wolfe Research cut their target price on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. The Goldman Sachs Group cut their target price on shares of Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, September 26th. JPMorgan Chase & Co. dropped their target price on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Morgan Stanley decreased their price target on Accenture from $325.00 to $271.00 and set an “equal weight” rating for the company in a report on Tuesday, September 9th. Finally, Evercore ISI set a $280.00 price target on Accenture in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $300.22.

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.