Accenture PLC $ACN Shares Acquired by River Wealth Advisors LLC

River Wealth Advisors LLC increased its stake in Accenture PLC by 7.5% in Q2, owning 56,440 shares worth $16.87 million. Accenture is the 14th largest holding in their portfolio. Other investors also modified their holdings. Analysts have mixed ratings on Accenture, with an average price target of $294.25. Accenture reported Q2 earnings of $3.03 per share, beating estimates, with revenue up 7.3% YoY. The company has a market cap of $172.18 billion and recently increased its dividend.

River Wealth Advisors LLC raised its stake in Accenture PLC (NYSE:ACN - Free Report) by 7.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 56,440 shares of the information technology services provider's stock after buying an additional 3,938 shares during the quarter. Accenture makes up about 2.1% of River Wealth Advisors LLC's investment portfolio, making the stock its 14th largest holding. River Wealth Advisors LLC's holdings in Accenture were worth $16,869,000 at the end of the most recent reporting period.

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A number of other large investors have also modified their holdings of the company. Isthmus Partners LLC grew its holdings in Accenture by 1.1% in the 2nd quarter. Isthmus Partners LLC now owns 34,596 shares of the information technology services provider's stock worth $10,340,000 after buying an additional 362 shares in the last quarter. Blueshift Asset Management LLC increased its stake in shares of Accenture by 196.2% during the second quarter. Blueshift Asset Management LLC now owns 2,521 shares of the information technology services provider's stock valued at $754,000 after acquiring an additional 1,670 shares during the period. Westerkirk Capital Inc. bought a new stake in Accenture during the second quarter worth approximately $5,349,000. Boston Family Office LLC lifted its position in Accenture by 10.5% in the second quarter. Boston Family Office LLC now owns 5,059 shares of the information technology services provider's stock worth $1,512,000 after purchasing an additional 479 shares during the period. Finally, Global Frontier Investments LLC acquired a new position in shares of Accenture during the 2nd quarter valued at $4,483,000. Institutional investors and hedge funds own 75.14% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ACN shares. BMO Capital Markets cut their price objective on Accenture from $325.00 to $270.00 and set a "market perform" rating for the company in a report on Friday, September 26th. Citigroup raised shares of Accenture to a "hold" rating in a research note on Thursday, October 23rd. TD Cowen reduced their target price on shares of Accenture from $313.00 to $295.00 and set a "buy" rating for the company in a report on Friday, September 26th. Susquehanna decreased their price target on shares of Accenture from $330.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday, September 18th. Finally, The Goldman Sachs Group cut their price objective on Accenture from $370.00 to $330.00 and set a "buy" rating for the company in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $294.25.

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Get Our Latest Report on ACN

Accenture Stock Performance

Shares of ACN stock opened at $261.49 on Wednesday. The stock's fifty day simple moving average is $246.05 and its 200-day simple moving average is $267.41. The company has a market capitalization of $172.18 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 2.44 and a beta of 1.26. 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 PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

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Accenture (NYSE:ACN - Get Free Report) last posted 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. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. During the same period in the prior year, the firm earned $2.66 earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. On average, sell-side analysts predict 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 was paid on Friday, November 14th. Stockholders of record on Friday, October 10th were issued a dividend of $1.63 per share. The ex-dividend date was Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.5%. This is an increase from Accenture's previous quarterly dividend of $1.48. Accenture's dividend payout ratio is presently 53.66%.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the sale, the chief executive officer directly owned 23,516 shares in the company, valued at approximately $5,868,888.12. This trade represents a 27.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the business's stock in a transaction dated 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 transaction, the insider owned 1,860 shares in the company, valued at $465,018.60. This trade represents a 78.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 33,319 shares of company stock valued at $8,335,225. 0.02% of the stock is owned by insiders.

Accenture Company Profile

(Free Report)

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.

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