Dearborn Partners LLC Has $31.77 Million Stock Position in Accenture PLC $ACN

Dearborn Partners LLC lifted its holdings in Accenture PLC (NYSE:ACN) by 20.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,293 shares of the information technology services provider’s stock after acquiring an additional 17,814 shares during the period. Dearborn Partners LLC’s holdings in Accenture were worth $31,770,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ACN. Aprio Wealth Management LLC increased its holdings in shares of Accenture by 2.1% during the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock worth $512,000 after purchasing an additional 33 shares during the period. Texas Bank & Trust Co grew 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 worth $2,553,000 after buying an additional 35 shares in the last quarter. Norway Savings Bank increased its stake in Accenture by 0.9% during the 2nd quarter. Norway Savings Bank now owns 4,123 shares of the information technology services provider’s stock worth $1,232,000 after acquiring an additional 36 shares during the period. Firethorn Wealth Partners LLC raised its holdings in Accenture by 4.4% in the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock valued at $255,000 after acquiring an additional 36 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted 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 acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group dropped their price target on Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Dbs Bank upgraded shares of Accenture from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 27th. BMO Capital Markets reduced their price target on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research report on Friday, September 26th. Royal Bank Of Canada decreased their price objective on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Finally, Mizuho cut their target price on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average target price of $291.96.

Accenture Price Performance

Shares of NYSE:ACN opened at $272.56 on Thursday. The firm has a 50 day simple moving average of $249.44 and a 200 day simple moving average of $265.79. The company has a market cap of $179.47 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.56 and a beta of 1.26. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. 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 (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.05. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the prior year, the business earned $2.66 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Research analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

The company 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. This represents a $6.52 annualized dividend and a dividend yield of 2.4%. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date was Friday, October 10th. Accenture’s dividend payout ratio (DPR) is presently 53.66%.

Insider Activity

In related news, CEO Ryoji Sekido sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the completion of the transaction, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This trade represents a 64.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the sale, the chief executive officer directly owned 23,516 shares in the company, valued at $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 33,319 shares of company stock valued at $8,335,225 over the last quarter. 0.02% of the stock is owned by company insiders.

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.