Allspring Global Investments Holdings LLC Buys 23,021 Shares of Accenture PLC $ACN

Allspring Global Investments Holdings LLC increased its holdings in Accenture PLC (NYSE:ACN) by 7.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 314,892 shares of the information technology services provider’s stock after buying an additional 23,021 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Accenture were worth $95,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACN. Brighton Jones LLC raised its position in shares of Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Accenture by 4.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 238,295 shares of the information technology services provider’s stock worth $74,357,000 after buying an additional 9,689 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Accenture by 42.1% in the first quarter. Ritholtz Wealth Management now owns 8,663 shares of the information technology services provider’s stock worth $2,703,000 after buying an additional 2,566 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Accenture by 62.2% in the first quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider’s stock worth $282,000 after buying an additional 347 shares in the last quarter. Finally, Good Life Advisors LLC raised its position in shares of Accenture by 1.7% in the first quarter. Good Life Advisors LLC now owns 3,498 shares of the information technology services provider’s stock worth $1,091,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Up 1.1%

Shares of NYSE:ACN opened at $243.50 on Tuesday. The stock’s 50-day moving average price is $247.15 and its 200-day moving average price is $280.75. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The stock has a market capitalization of $152.51 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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. 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 company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Friday, October 10th. This is a boost from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. Accenture’s payout ratio is 53.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Hsbc Global Res upgraded Accenture to a “moderate sell” rating in a research report on Monday, July 28th. Benchmark restated a “mixed” rating on shares of Accenture in a research report on Friday, June 20th. Jefferies Financial Group restated a “hold” rating on shares of Accenture in a research report on Tuesday, September 30th. Morgan Stanley lowered their price target on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 9th. Finally, Guggenheim lowered their price target on Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $300.22.

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.