JGP Wealth Management LLC Cuts Stake in Accenture PLC $ACN

JGP Wealth Management LLC reduced its stake in Accenture PLC (NYSE:ACN) by 2.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,066 shares of the information technology services provider’s stock after selling 91 shares during the period. JGP Wealth Management LLC’s holdings in Accenture were worth $916,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Viawealth LLC lifted its holdings in Accenture by 2.6% during the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock valued at $408,000 after purchasing an additional 33 shares during the last quarter. Aprio Wealth Management LLC lifted its holdings in 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 valued at $512,000 after purchasing an additional 33 shares during the last quarter. First National Advisers LLC lifted its holdings in Accenture by 0.4% during the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock valued at $2,939,000 after purchasing an additional 34 shares during the last quarter. TCTC Holdings LLC lifted its holdings in Accenture by 14.5% during the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock valued at $84,000 after purchasing an additional 34 shares during the last quarter. Finally, Texas Bank & Trust Co lifted its holdings 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 during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Up 0.2%

ACN stock opened at $244.15 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $247.10 and its 200 day moving average is $280.50. The stock has a market cap of $152.92 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.28. Accenture PLC has a 1-year low of $229.40 and a 1-year high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.05. The company had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. Accenture’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.66 earnings per share. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Sell-side analysts predict 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 will be paid on Friday, November 14th. Shareholders 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 yield of 2.7%. Accenture’s dividend payout ratio (DPR) is 53.66%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets dropped their price objective on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a report on Friday, September 26th. Robert W. Baird decreased their price target on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Argus set a $370.00 price target on Accenture in a research report on Tuesday, June 24th. Susquehanna decreased their price target on Accenture from $330.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Accenture from $260.00 to $235.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average 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.