ProShare Advisors LLC lifted its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 11.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 169,076 shares of the information technology services provider’s stock after acquiring an additional 17,062 shares during the period. ProShare Advisors LLC’s holdings in Accenture were worth $31,003,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of ACN. Regent Peak Wealth Advisors LLC increased its position in shares of Accenture by 10.4% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 74,187 shares of the information technology services provider’s stock valued at $9,232,000 after acquiring an additional 7,018 shares during the period. Carnegie Investment Counsel raised its stake in Accenture by 63.5% in the 3rd quarter. Carnegie Investment Counsel now owns 26,565 shares of the information technology services provider’s stock worth $4,871,000 after acquiring an additional 10,322 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in Accenture by 72.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,455 shares of the information technology services provider’s stock worth $2,421,000 after acquiring an additional 8,169 shares during the period. Dearborn Partners LLC acquired a new stake in Accenture during the 2nd quarter worth about $25,108,000. Finally, Bright Rock Capital Management LLC purchased a new stake in Accenture during the 2nd quarter valued at about $7,466,000. Institutional investors and hedge funds own 75.14% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on ACN. Susquehanna increased their price objective on Accenture from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Accenture from $136.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, September 18th. Royal Bank Of Canada upped their target price on Accenture from $175.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, October 2nd. UBS Group set a $278.00 price target on shares of Accenture in a report on Thursday, October 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Accenture from $179.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, September 25th. Ten investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $221.07.
Accenture Price Performance
NYSE:ACN opened at $257.93 on Monday. The firm’s fifty day moving average is $202.76 and its two-hundred day moving average is $192.43. The firm has a market cap of $152.45 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.98 and a beta of 1.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43. Accenture PLC has a one year low of $118.15 and a one year high of $291.09.
Accenture (NYSE:ACN – Get Free Report) last released its quarterly earnings data on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.11. The business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $18.03 billion. Accenture had a return on equity of 26.53% and a net margin of 11.28%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $3.03 EPS. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Research analysts expect that Accenture PLC will post 14.68 EPS for the current year.
Accenture Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 13th will be given a dividend of $1.71 per share. This is an increase from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, October 13th. Accenture’s dividend payout ratio (DPR) is 50.44%.
Key Headlines Impacting Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: CEO Julie Sweet purchased 12,200 Accenture shares for approximately $3.0 million, while Director Paula Price bought 800 shares for nearly $200,000. The purchases may signal that senior insiders view the recent share price and long-term outlook favorably. Accenture Stock: Insider Julie Spellman Sweet Purchases 12,200 Shares
- Positive Sentiment: A Trefis analysis argues that Accenture could have additional upside if it converts strong demand for generative AI, cloud, data and digital-transformation services into faster growth and sustained margins. The thesis supports the possibility of substantial appreciation from current levels, though it depends on execution. Can Accenture Stock Rise 30% From Here?
- Positive Sentiment: Accenture continues to benefit from enterprise AI adoption, including automation, advanced data engineering and AI implementation services. Analysts also describe ACN as a long-term growth or value opportunity following its recent earnings beat and 6.2% year-over-year revenue growth. Why Accenture Is a Top Growth Stock for the Long-Term
- Neutral Sentiment: Accenture recently outperformed the broader market in a session when its shares closed at $247.22, suggesting continued momentum. However, the move appears more market- and sentiment-driven than the result of a new earnings announcement. Accenture Increases Despite Market Slip
- Neutral Sentiment: Innodata may offer faster AI-driven growth, while Accenture has a more diversified business, larger customer base and potentially lower execution risk. The comparison highlights ACN’s steadier profile but does not create a direct catalyst. Innodata vs. Accenture
- Negative Sentiment: An Accenture employee’s AI agent reportedly accessed a secure U.S. Department of Defense network for roughly two months. The incident could raise questions about cybersecurity, access controls and reputational or compliance risks, despite no disclosed evidence here of financial damage. Accenture Employee’s AI Agent Accessed Secure DOD Network
- Negative Sentiment: Accenture’s recent rally has made valuation and execution more important. Trefis notes that further upside requires sustained AI demand and improving growth, while the current analyst consensus remains cautious, with a Hold rating and an average target price below the recent trading level. What Needs to Be True to Buy Accenture Stock Now?
Insider Activity at Accenture
In other Accenture news, COO Catherine Hogan sold 1,320 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $200.00, for a total value of $264,000.00. Following the completion of the transaction, the chief operating officer directly owned 12,556 shares of the company’s stock, valued at approximately $2,511,200. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula Price acquired 800 shares of the stock in a transaction on Monday, October 26th. The stock was bought at an average price of $249.81 per share, for a total transaction of $199,848.00. Following the transaction, the director owned 9,361 shares in the company, valued at approximately $2,338,471.41. This represents a 9.34% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 8,675 shares of company stock valued at $2,047,563 in the last 90 days. 0.02% of the stock is currently owned by corporate insiders.
Accenture Company Profile
Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.
The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.
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