Wealth Management Associates Inc. Purchases 158 Shares of Accenture PLC $ACN

Wealth Management Associates Inc. increased its position in Accenture PLC (NYSE:ACN) by 16.1% in the second quarter, HoldingsChannel reports. The firm owned 1,139 shares of the information technology services provider’s stock after purchasing an additional 158 shares during the quarter. Wealth Management Associates Inc.’s holdings in Accenture were worth $340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACN. Quaker Wealth Management LLC raised its holdings in Accenture by 255.3% in the second quarter. Quaker Wealth Management LLC now owns 247 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 406 shares in the last quarter. Bank of Jackson Hole Trust boosted its holdings in shares of Accenture by 11.6% during the 2nd quarter. Bank of Jackson Hole Trust now owns 3,209 shares of the information technology services provider’s stock valued at $959,000 after buying an additional 334 shares in the last quarter. Motco grew its position in shares of Accenture by 7.2% in the 2nd quarter. Motco now owns 31,715 shares of the information technology services provider’s stock worth $9,479,000 after buying an additional 2,121 shares during the period. Austin Private Wealth LLC increased its stake in shares of Accenture by 12.7% in the 2nd quarter. Austin Private Wealth LLC now owns 1,902 shares of the information technology services provider’s stock worth $568,000 after acquiring an additional 214 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its position in Accenture by 1.4% during the 2nd quarter. New York Life Investment Management LLC now owns 93,884 shares of the information technology services provider’s stock valued at $28,061,000 after acquiring an additional 1,311 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Performance

Shares of ACN opened at $253.57 on Wednesday. The company has a market cap of $166.97 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 2.18 and a beta of 1.28. The business’s fifty day simple moving average is $247.27 and its two-hundred day simple moving average is $276.83. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. 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 announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the prior year, the company posted $2.66 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. 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. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is 53.66%.

Insider Transactions at Accenture

In other Accenture 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 value of $1,725,569.02. Following the completion of the sale, the insider owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. The trade was a 78.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,402 shares of company stock worth $4,595,374 over the last three months. 0.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ACN has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Jefferies Financial Group restated a “hold” rating on shares of Accenture in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a research note on Wednesday, October 8th. Citigroup raised Accenture to a “hold” rating in a report on Thursday, October 23rd. Finally, Hsbc Global Res upgraded Accenture to a “moderate sell” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $297.48.

Accenture Company 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.