New York Life Investment Management LLC Raises Position in Accenture PLC $ACN

New York Life Investment Management LLC boosted its stake in Accenture PLC (NYSE:ACN) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 93,884 shares of the information technology services provider’s stock after buying an additional 1,311 shares during the quarter. New York Life Investment Management LLC’s holdings in Accenture were worth $28,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Accenture in the first quarter worth about $31,000. RMG Wealth Management LLC purchased a new stake in Accenture in the second quarter worth about $33,000. WPG Advisers LLC purchased a new stake in Accenture in the first quarter worth about $42,000. Cheviot Value Management LLC purchased a new position in shares of Accenture during the first quarter valued at approximately $43,000. Finally, Fiduciary Wealth Partners LLC purchased a new position in shares of Accenture during the first quarter valued at approximately $45,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACN has been the subject of several recent research reports. Susquehanna lowered their target price on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. 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 report on Wednesday, September 24th. Royal Bank Of Canada lowered their target price on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Robert W. Baird lowered their target price on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average price target of $297.48.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total value of $2,246,130.00. Following the transaction, the chief executive officer owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. This represents a 27.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the transaction, the chief executive officer directly owned 1,390 shares in the company, valued at approximately $346,763.30. This represents a 64.27% decrease in their position. The disclosure for this sale can be found here. Over 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 company insiders.

Accenture Price Performance

Shares of NYSE ACN opened at $251.03 on Tuesday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The firm has a market cap of $165.29 billion, a P/E ratio of 20.66, a PEG ratio of 2.16 and a beta of 1.28. The company has a 50 day moving average of $247.31 and a 200 day moving average of $277.05. 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 announced its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. The company had revenue of $17.60 billion during the quarter, compared to analyst estimates of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, research analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.63 per share. 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. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is currently 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.