Prosperity Consulting Group LLC Grows Holdings in Accenture PLC $ACN

Prosperity Consulting Group LLC increased its holdings in Accenture PLC (NYSE:ACN) by 130.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,605 shares of the information technology services provider’s stock after purchasing an additional 6,013 shares during the period. Prosperity Consulting Group LLC’s holdings in Accenture were worth $3,170,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Accenture by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after buying an additional 3,419,577 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Accenture by 63.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after buying an additional 3,490,569 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Accenture by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock worth $2,111,378,000 after acquiring an additional 228,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Accenture by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock worth $1,923,225,000 after acquiring an additional 126,548 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Accenture by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock worth $1,600,470,000 after acquiring an additional 164,573 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity

In other news, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The shares were 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 $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $253.40, for a total transaction of $2,280,600.00. Following the completion of the transaction, the chief executive officer directly owned 14,516 shares of the company’s stock, valued at approximately $3,678,354.40. This trade represents a 38.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,402 shares of company stock worth $6,875,974 over the last quarter. Insiders own 0.02% of the company’s stock.

Accenture Stock Performance

ACN opened at $248.37 on Tuesday. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a market cap of $163.55 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.16 and a beta of 1.28. The company’s 50 day moving average is $246.71 and its 200 day moving average is $275.73. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last released its earnings results 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 analysts’ expectations of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a dividend of $1.63 per share. The ex-dividend date is Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. Accenture’s dividend payout ratio (DPR) is 53.66%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Accenture to a “moderate sell” rating in a report on Monday, July 28th. The Goldman Sachs Group dropped their price target on shares of Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Cowen reaffirmed a “buy” rating on shares of Accenture in a report on Friday, September 26th. Mizuho dropped their price target on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. Finally, BNP Paribas Exane dropped their price target on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $294.25.

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.