Concord Asset Management LLC VA Buys New Shares in Accenture PLC $ACN

Concord Asset Management LLC VA acquired a new position in shares of Accenture PLC (NYSE:ACN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 685 shares of the information technology services provider’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Accenture in the first quarter valued at $31,000. Inlight Wealth Management LLC acquired a new position in shares of Accenture during the 1st quarter worth about $32,000. RMG Wealth Management LLC acquired a new stake in Accenture in the 2nd quarter valued at about $33,000. WPG Advisers LLC acquired a new position in Accenture during the first quarter worth approximately $42,000. Finally, Cheviot Value Management LLC bought a new stake in Accenture in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of research analyst reports. TD Cowen reduced their price objective on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Mizuho dropped their price target on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Barclays decreased their price objective on Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a report on Monday, June 23rd. The Goldman Sachs Group decreased their price target on shares of Accenture from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Accenture in a research note on Tuesday, September 30th. One equities research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $300.22.

Accenture Stock Performance

NYSE:ACN opened at $243.50 on Tuesday. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The company has a 50 day simple moving average of $247.15 and a two-hundred day simple moving average of $280.75. The company has a market capitalization of $152.51 billion, a PE ratio of 20.04, a P/E/G ratio of 2.10 and a beta of 1.28. 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 announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.98 by $0.05. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.66 EPS. 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 year.

Accenture Increases Dividend

The company also recently disclosed 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 is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio is presently 53.66%.

About Accenture

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.