Leo Wealth LLC Acquires New Stake in Accenture PLC $ACN

Leo Wealth LLC bought a new position in shares of Accenture PLC (NYSE:ACN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,674 shares of the information technology services provider’s stock, valued at approximately $674,000.

Other institutional investors have also recently made changes to their positions in the company. Slow Capital Inc. purchased a new position in shares of Accenture in the 3rd quarter valued at approximately $1,639,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Accenture during the third quarter valued at approximately $232,000. Samalin Investment Counsel LLC bought a new stake in shares of Accenture during the third quarter valued at approximately $224,000. Radnor Capital Management LLC grew its stake in Accenture by 9.8% in the third quarter. Radnor Capital Management LLC now owns 14,394 shares of the information technology services provider’s stock worth $2,639,000 after purchasing an additional 1,280 shares during the period. Finally, Brucke Financial Inc. grew its stake in Accenture by 25.7% in the third quarter. Brucke Financial Inc. now owns 3,330 shares of the information technology services provider’s stock worth $611,000 after purchasing an additional 680 shares during the period. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ACN. Royal Bank Of Canada raised their price objective on Accenture from $175.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, October 2nd. Wolfe Research upped their target price on shares of Accenture from $165.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Argus increased their price target on shares of Accenture from $220.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Robert W. Baird reiterated a “neutral” rating and issued a $252.00 price target (up from $245.00) on shares of Accenture in a research note on Wednesday, October 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Accenture from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Ten equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Hold” and a consensus price target of $221.07.

Accenture Stock Performance

Shares of Accenture stock opened at $247.26 on Tuesday. The stock has a market cap of $146.14 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.92 and a beta of 1.11. The firm’s 50-day moving average is $195.83 and its 200 day moving average is $193.24. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43.

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

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Tuesday, October 13th will be issued a dividend of $1.71 per share. The ex-dividend date is Tuesday, October 13th. This is a positive change from Accenture’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.8%. Accenture’s dividend payout ratio is currently 50.44%.

Insider Activity

In related news, General Counsel Joel Unruch sold 10,498 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $162.98, for a total transaction of $1,710,964.04. Following the completion of the sale, the general counsel owned 17,735 shares of the company’s stock, valued at $2,890,450.30. This trade represents a 37.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryoji Sekido sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $244.84, for a total transaction of $1,430,844.96. Following the completion of the transaction, the chief executive officer owned 1,194 shares of the company’s stock, valued at approximately $292,338.96. The trade was a 83.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,173 shares of company stock worth $3,758,527 over the last three months. 0.02% of the stock is currently owned by insiders.

About Accenture

Accenture plc is a global professional services company that helps organizations transform their businesses through consulting, technology and managed services. Its work spans strategy and consulting, technology implementation, operations, and interactive customer experiences.

The company provides services in areas including cloud computing, artificial intelligence, cybersecurity, data and analytics, digital engineering, enterprise software, systems integration and business process outsourcing.