Accenture PLC $ACN Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its holdings in Accenture PLC (NYSE:ACN) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,406 shares of the information technology services provider’s stock after buying an additional 515 shares during the period. Daymark Wealth Partners LLC’s holdings in Accenture were worth $1,915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Accenture by 5.7% in the first 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Accenture by 63.9% in the first 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in Accenture by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock valued at $2,111,378,000 after buying an additional 228,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Accenture by 2.1% in the first 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 valued at $1,923,225,000 after buying an additional 126,548 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Accenture by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock valued at $1,600,470,000 after buying an additional 164,573 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total value 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. The trade was a 64.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owned 1,860 shares in the company, valued at $465,018.60. This represents a 78.77% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 18,402 shares of company stock valued at $4,595,374. 0.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of research analyst reports. Citigroup upgraded Accenture to a “hold” rating in a research report on Thursday, October 23rd. Wolfe Research lifted their target price on Accenture from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Susquehanna cut their target price on Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. Finally, Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus price target of $294.25.

Accenture Stock Performance

Shares of ACN stock opened at $248.01 on Thursday. The stock has a market capitalization of $163.31 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.21 and a beta of 1.28. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The stock’s 50-day moving average price is $247.13 and its 200 day moving average price is $276.58. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.05. The firm had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous 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. As a group, equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Friday, October 10th. 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. Accenture’s dividend payout ratio is presently 53.66%.

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.