StoneRidge PMG Advisors LLC Buys New Shares in Accenture PLC $ACN

StoneRidge PMG Advisors LLC bought a new stake in Accenture PLC (NYSE:ACN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,930 shares of the information technology services provider’s stock, valued at approximately $537,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC increased its position in shares of Accenture by 10.4% in the second quarter. Regent Peak Wealth Advisors LLC now owns 74,187 shares of the information technology services provider’s stock worth $9,232,000 after acquiring an additional 7,018 shares in the last quarter. Carnegie Investment Counsel lifted its holdings in shares of Accenture by 63.5% during the 3rd quarter. Carnegie Investment Counsel now owns 26,565 shares of the information technology services provider’s stock valued at $4,871,000 after acquiring an additional 10,322 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of 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 valued at $2,421,000 after acquiring an additional 8,169 shares in the last quarter. Dearborn Partners LLC acquired a new position in shares of Accenture during the 2nd quarter valued at $25,108,000. Finally, Bright Rock Capital Management LLC purchased a new stake in Accenture during the 2nd quarter worth $7,466,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Performance

Shares of ACN opened at $260.36 on Monday. The firm has a market cap of $153.89 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.00 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $210.35 and its two-hundred day moving average is $191.91. Accenture PLC has a 52-week low of $118.15 and a 52-week high of $291.09.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, October 1st. The information technology services provider reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.11. Accenture had a net margin of 11.28% and a return on equity of 26.53%. The firm had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $18.03 billion. During the same period in the prior year, the company posted $3.03 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Accenture has set its FY 2027 guidance at 14.390-14.810 EPS. Analysts forecast that Accenture PLC will post 14.68 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, October 13th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, October 13th. This is an increase from Accenture’s previous quarterly dividend of $1.63. Accenture’s payout ratio is presently 50.44%.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of recent research reports. Royal Bank Of Canada increased their target price on Accenture from $175.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. TD Cowen boosted their price target on Accenture from $193.00 to $201.00 and gave the stock a “hold” rating in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft upped their price target on Accenture from $136.00 to $175.00 and gave the stock a “hold” rating in a report on Friday, September 18th. Guggenheim reaffirmed a “neutral” rating on shares of Accenture in a research report on Friday, October 2nd. Finally, Weiss Ratings upgraded shares of Accenture from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 21st. Ten investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $221.07.

Insiders Place Their Bets

In other news, Director Paula A. Price purchased 800 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was acquired at an average cost of $249.81 per share, for a total transaction of $199,848.00. Following the completion of the purchase, the director owned 9,361 shares of the company’s stock, valued at approximately $2,338,471.41. This trade represents a 9.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryoji Sekido sold 5,844 shares of the business’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $244.84, for a total value of $1,430,844.96. Following the completion of the sale, the chief executive officer directly owned 1,194 shares of the company’s stock, valued at approximately $292,338.96. This represents a 83.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 18,675 shares of company stock worth $4,747,563. Company insiders own 0.02% of the company’s stock.

Key Stories Impacting Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture and Mondelēz International are applying agentic AI to redesign Mondelēz’s global order-to-cash operations, including ordering, invoicing and collections. The project showcases demand for Accenture’s AI services, though no contract value or expected revenue was disclosed. Accenture expands AI work with a major consumer goods customer
• Positive Sentiment: A valuation analysis says ACN trades at about 18 times forward earnings, below its 10-year average of 24 times, even after a strong recent rally. That could appeal to investors who see room for the valuation to recover. Accenture’s valuation analysis
• Neutral Sentiment: CEO Atsushi Egawa sold 10,000 shares for $2.7 million, reducing his direct holdings by about 62.5%. The sale was made under a pre-arranged Rule 10b5-1 plan, so it is not necessarily a signal about his outlook for the company. Accenture CEO share sale
• Negative Sentiment: Accenture fell even as the market rose, indicating relative weakness in the session. The report describes the decline but does not point to a specific company catalyst. Accenture stock underperforms as the market gains

Accenture Profile

Accenture plc is a global professional services company that helps businesses, governments and other organizations solve operational and technology challenges. Its work includes strategy and management consulting, digital transformation, systems integration and the design, implementation and management of technology solutions.

The company serves clients across a broad range of industries and geographies. Its services span cloud computing, data and artificial intelligence, cybersecurity, software and platforms, business process operations, and digital marketing and customer experience.

Accenture traces its roots to the consulting business of accounting firm Arthur Andersen.