Axxcess Wealth Management LLC Buys 5,074 Shares of Accenture PLC $ACN

Axxcess Wealth Management LLC raised its stake in Accenture PLC (NYSE:ACN) by 26.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,083 shares of the information technology services provider’s stock after acquiring an additional 5,074 shares during the period. Axxcess Wealth Management LLC’s holdings in Accenture were worth $5,939,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Sanders Capital LLC bought a new position in Accenture in the 2nd quarter valued at approximately $2,637,640,000. Norges Bank bought a new position in shares of Accenture during the second quarter valued at $2,216,850,000. Vanguard Group Inc. boosted its position in shares of Accenture by 2.1% during the second quarter. Vanguard Group Inc. now owns 65,129,782 shares of the information technology services provider’s stock valued at $19,466,641,000 after buying an additional 1,315,548 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Accenture by 12.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock worth $2,502,446,000 after buying an additional 1,148,970 shares in the last quarter. Finally, Flossbach Von Storch SE raised its position in Accenture by 48.0% in the 2nd quarter. Flossbach Von Storch SE now owns 2,408,800 shares of the information technology services provider’s stock worth $719,966,000 after buying an additional 781,211 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Rothschild & Co Redburn lifted their price target on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. BMO Capital Markets restated a “market perform” rating and issued a $300.00 target price on shares of Accenture in a report on Thursday, December 18th. Citigroup upgraded shares of Accenture to a “hold” rating in a research note on Thursday, October 23rd. Berenberg Bank began coverage on Accenture in a research note on Thursday, January 22nd. They issued a “buy” rating and a $313.00 price target on the stock. Finally, Dbs Bank upgraded Accenture from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 27th. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $298.38.

Accenture Price Performance

Shares of Accenture stock opened at $223.60 on Thursday. The stock has a market cap of $137.65 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s fifty day moving average is $263.92 and its 200 day moving average is $253.87. Accenture PLC has a one year low of $215.16 and a one year high of $392.02.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 18th. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.21. Accenture had a return on equity of 26.65% and a net margin of 10.76%.The business had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.51 billion. During the same quarter in the previous year, the company posted $3.59 earnings per share. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. Sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $6.52 annualized dividend and a yield of 2.9%. Accenture’s payout ratio is currently 53.88%.

Insider Transactions at Accenture

In other news, COO Catherine Kiernan Hogan sold 660 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $280.93, for a total value of $185,413.80. Following the transaction, the chief operating officer directly owned 12,688 shares in the company, valued at $3,564,439.84. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Melissa A. Burgum sold 3,588 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $281.01, for a total value of $1,008,263.88. Following the sale, the chief accounting officer owned 8,179 shares of the company’s stock, valued at $2,298,380.79. This represents a 30.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 22,088 shares of company stock valued at $5,970,434. Company insiders own 0.02% of the company’s stock.

About Accenture

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.