Elevation Point Wealth Partners LLC Acquires 625 Shares of Accenture PLC $ACN

Elevation Point Wealth Partners LLC raised its holdings in shares of Accenture PLC (NYSE:ACN) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,475 shares of the information technology services provider’s stock after purchasing an additional 625 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Accenture were worth $4,625,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in Accenture by 18.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 15,994 shares of the information technology services provider’s stock valued at $4,780,000 after buying an additional 2,455 shares in the last quarter. Te Ahumairangi Investment Management Ltd increased its position in shares of Accenture by 39.7% during the second quarter. Te Ahumairangi Investment Management Ltd now owns 7,774 shares of the information technology services provider’s stock worth $2,324,000 after acquiring an additional 2,210 shares during the period. Choreo LLC raised its stake in shares of Accenture by 5.3% during the second quarter. Choreo LLC now owns 20,508 shares of the information technology services provider’s stock valued at $6,130,000 after acquiring an additional 1,037 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Accenture by 33.9% in the second quarter. Russell Investments Group Ltd. now owns 928,480 shares of the information technology services provider’s stock worth $277,174,000 after purchasing an additional 235,232 shares in the last quarter. Finally, Inceptionr LLC increased its holdings in Accenture by 261.7% during the 2nd quarter. Inceptionr LLC now owns 3,454 shares of the information technology services provider’s stock worth $1,032,000 after purchasing an additional 2,499 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ACN shares. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. BMO Capital Markets lowered their price objective on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research note on Friday, September 26th. UBS Group cut their target price on shares of Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. The Goldman Sachs Group reduced their price target on shares of Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a report on Friday, September 26th. Finally, Robert W. Baird dropped their price objective on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus price target of $294.25.

Accenture Stock Down 0.5%

Shares of Accenture stock opened at $247.91 on Thursday. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The firm’s 50 day moving average price is $244.81 and its 200-day moving average price is $269.66. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The company has a market cap of $163.24 billion, a P/E ratio of 20.40, a PEG ratio of 2.16 and a beta of 1.28.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share 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 the consensus estimate of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. Accenture’s revenue was up 7.3% compared to the same quarter last year. During the same period last 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. On average, sell-side analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 10th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date was Friday, October 10th. Accenture’s dividend payout ratio (DPR) is 53.66%.

Insiders Place Their Bets

In other news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the sale, the insider owned 1,860 shares in the company, valued at approximately $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is currently owned by corporate insiders.

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.