Aaron Wealth Advisors LLC Purchases 5,042 Shares of Accenture PLC $ACN

Aaron Wealth Advisors LLC lifted its position in Accenture PLC (NYSE:ACN) by 64.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,822 shares of the information technology services provider’s stock after purchasing an additional 5,042 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Accenture were worth $3,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Aprio Wealth Management LLC raised its position in shares of Accenture by 2.1% during the 1st quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after buying an additional 33 shares in the last quarter. Texas Bank & Trust Co raised its position in Accenture by 0.4% during the first quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock valued at $2,553,000 after purchasing an additional 35 shares in the last quarter. Norway Savings Bank lifted its stake in Accenture by 0.9% during the second quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock worth $1,232,000 after purchasing an additional 36 shares during the last quarter. Firethorn Wealth Partners LLC boosted its holdings in shares of Accenture by 4.4% in the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after purchasing an additional 36 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Accenture by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock valued at $1,465,000 after purchasing an additional 38 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Accenture

In other Accenture news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 5,917 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $246.62, for a total value of $1,459,250.54. Following the completion of the transaction, the chief executive officer owned 8,599 shares in the company, valued at approximately $2,120,685.38. This trade represents a 40.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,319 shares of company stock valued at $8,335,225 over the last ninety days. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ACN shares. Rothschild & Co Redburn boosted their price objective on shares of Accenture from $250.00 to $255.00 in a report on Friday, September 19th. UBS Group decreased their target price on shares of Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. BMO Capital Markets cut their price target on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating for the company in a research report on Friday, September 26th. Guggenheim raised their price objective on Accenture from $285.00 to $305.00 and gave the company a “buy” rating in a research note on Monday. Finally, BNP Paribas Exane lowered their target price on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $294.04.

Accenture Trading Up 1.3%

NYSE:ACN opened at $275.02 on Tuesday. The firm has a market capitalization of $181.09 billion, a P/E ratio of 22.64, a PEG ratio of 2.64 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company’s 50-day simple moving average is $251.01 and its 200 day simple moving average is $264.55.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, topping 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. As a group, analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 10th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, October 10th. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.4%. Accenture’s dividend payout ratio is currently 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.