3,530 Shares in Accenture PLC $ACN Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. bought a new stake in shares of Accenture PLC (NYSE:ACN) in the second quarter, Holdings Channel reports. The fund bought 3,530 shares of the information technology services provider’s stock, valued at approximately $1,055,000.

A number of other hedge funds have also recently made changes to their positions in ACN. Sanders Capital LLC bought a new stake in Accenture in the 2nd quarter worth $2,637,640,000. Norges Bank purchased a new position in Accenture during the 2nd quarter valued at about $2,216,850,000. Price T Rowe Associates Inc. MD lifted its holdings in Accenture by 63.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock worth $2,793,889,000 after buying an additional 3,490,569 shares during the period. Vanguard Group Inc. grew its position in shares of Accenture by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock worth $19,466,641,000 after buying an additional 1,315,548 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in shares of Accenture during the second quarter valued at approximately $308,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the transaction, the chief executive officer owned 1,390 shares of the company’s stock, valued at approximately $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction 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 transaction, the insider owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. The trade was a 78.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 33,319 shares of company stock worth $8,335,225. 0.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ACN shares. HSBC dropped their target price on shares of Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Rothschild & Co Redburn raised their target price on shares of Accenture from $250.00 to $255.00 in a research note on Friday, September 19th. Cowen restated a “buy” rating on shares of Accenture in a research note on Friday, September 26th. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, BMO Capital Markets cut their target price on Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research note on Friday, September 26th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $294.04.

Accenture Trading Up 1.3%

Shares of NYSE:ACN opened at $275.02 on Tuesday. The stock has a 50 day moving average of $251.01 and a 200 day moving average of $264.55. The company has a market cap of $181.10 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The business 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 business’s quarterly revenue was up 7.3% on a year-over-year basis. 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. As a group, equities research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 10th were given a dividend of $1.63 per share. The ex-dividend date was Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.4%. Accenture’s dividend payout ratio (DPR) is 53.66%.

Accenture Company 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.