Castle Rock Wealth Management LLC Has $275,000 Holdings in Accenture PLC $ACN

Castle Rock Wealth Management LLC lessened its position in shares of Accenture PLC (NYSE:ACN) by 11.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 973 shares of the information technology services provider’s stock after selling 127 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Accenture were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Accenture during the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC bought a new position in shares of Accenture during the 1st quarter worth approximately $32,000. RMG Wealth Management LLC bought a new position in shares of Accenture during the 2nd quarter worth approximately $33,000. WPG Advisers LLC bought a new position in shares of Accenture during the 1st quarter worth approximately $42,000. Finally, Cheviot Value Management LLC bought a new position in shares of Accenture during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Up 0.8%

ACN stock opened at $253.17 on Thursday. The company has a market cap of $158.57 billion, a P/E ratio of 20.84, a PEG ratio of 2.19 and a beta of 1.28. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $248.02 and a 200-day moving average of $282.42.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.05. The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, equities research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a dividend of $1.63 per share. The ex-dividend date is 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 2.6%. Accenture’s dividend payout ratio is presently 48.72%.

Insider Transactions at Accenture

In related news, CEO Julie Spellman Sweet sold 2,251 shares of Accenture stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.45, for a total transaction of $635,794.95. Following the completion of the sale, the chief executive officer directly owned 8,109 shares of the company’s stock, valued at $2,290,387.05. The trade was a 21.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela Beatty sold 203 shares of Accenture stock in a transaction on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $57,315.02. Following the sale, the insider directly owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,954 shares of company stock worth $834,280 over the last 90 days. 0.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACN. Hsbc Global Res upgraded Accenture to a “moderate sell” rating in a research report on Monday, July 28th. The Goldman Sachs Group cut their target price on Accenture from $370.00 to $330.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Royal Bank Of Canada cut their target price on Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Jefferies Financial Group restated a “hold” rating on shares of Accenture in a research report on Tuesday, September 30th. Finally, Wolfe Research cut their price objective on Accenture from $290.00 to $285.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.22.

Accenture 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.