NTV Asset Management LLC Raises Stock Position in Accenture PLC $ACN

NTV Asset Management LLC grew its stake in shares of Accenture PLC (NYSE:ACN) by 4.3% in the second quarter, Holdings Channel.com reports. The fund owned 1,756 shares of the information technology services provider’s stock after purchasing an additional 72 shares during the period. NTV Asset Management LLC’s holdings in Accenture were worth $525,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Redwood Investments LLC increased its holdings in Accenture by 6.2% during the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after acquiring an additional 1,287 shares in the last quarter. Lipe & Dalton raised its position in shares of Accenture by 2,087.4% during the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after purchasing an additional 4,801 shares during the last quarter. Truist Financial Corp lifted its stake in Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after buying an additional 28,685 shares in the last quarter. Intech Investment Management LLC grew its holdings in Accenture by 40.5% during the 1st quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider’s stock valued at $30,777,000 after buying an additional 28,446 shares during the last quarter. Finally, Park National Corp OH increased its position in Accenture by 4.3% during the second quarter. Park National Corp OH now owns 129,667 shares of the information technology services provider’s stock worth $38,756,000 after buying an additional 5,388 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Cowen reaffirmed a “buy” rating on shares of Accenture in a research note on Friday, September 26th. UBS Group decreased their price target on shares of Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Mizuho cut their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Rothschild Redb lowered shares of Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, BNP Paribas Exane lowered their target price on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $300.22.

Insider Buying and Selling

In other news, insider Angela Beatty sold 203 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total value of $57,315.02. Following the transaction, the insider owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares of the company’s stock, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,954 shares of company stock valued at $834,280. 0.02% of the stock is currently owned by corporate insiders.

Accenture Stock Performance

Shares of ACN stock opened at $245.39 on Friday. The firm has a market capitalization of $153.69 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.14 and a beta of 1.28. The company has a 50 day moving average price of $249.57 and a 200 day moving average price of $283.36. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42.

Accenture (NYSE:ACN) last released its quarterly earnings data 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 business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The company also recently announced 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 2.7%. The ex-dividend date is Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio (DPR) is presently 48.72%.

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.