Petros Family Wealth LLC Has $903,000 Stock Position in Accenture PLC $ACN

Petros Family Wealth LLC decreased its stake in Accenture PLC (NYSE:ACN) by 28.3% in the second quarter, HoldingsChannel reports. The firm owned 3,021 shares of the information technology services provider’s stock after selling 1,194 shares during the period. Petros Family Wealth LLC’s holdings in Accenture were worth $903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Knights of Columbus Asset Advisors LLC boosted its position in shares of Accenture by 0.4% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 16,859 shares of the information technology services provider’s stock valued at $5,039,000 after purchasing an additional 64 shares during the period. Marks Group Wealth Management Inc grew its holdings in shares of Accenture by 4.1% during the second quarter. Marks Group Wealth Management Inc now owns 26,175 shares of the information technology services provider’s stock valued at $7,823,000 after buying an additional 1,024 shares in the last quarter. Running Oak Capital LLC grew its holdings in shares of Accenture by 15.0% during the second quarter. Running Oak Capital LLC now owns 50,351 shares of the information technology services provider’s stock valued at $15,049,000 after buying an additional 6,581 shares in the last quarter. Three Bridge Wealth Advisors LLC grew its holdings in shares of Accenture by 24.9% during the second quarter. Three Bridge Wealth Advisors LLC now owns 3,123 shares of the information technology services provider’s stock valued at $933,000 after buying an additional 622 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in shares of Accenture by 16.5% during the second quarter. Merit Financial Group LLC now owns 17,849 shares of the information technology services provider’s stock valued at $5,335,000 after buying an additional 2,527 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mauro Macchi sold 500 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares of the company’s stock, valued at approximately $644,582.22. The trade was a 17.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,251 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer directly owned 8,109 shares of the company’s stock, valued at $2,290,387.05. This represents a 21.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,954 shares of company stock valued at $834,280. Insiders own 0.02% of the company’s stock.

Accenture Stock Up 0.4%

Shares of ACN stock opened at $245.39 on Monday. The stock’s 50 day simple moving average is $249.57 and its 200 day simple moving average is $283.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The company has a market capitalization of $153.69 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.14 and a beta of 1.28.

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

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. This is a boost from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is presently 48.72%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Accenture in a report on Saturday, September 27th. Evercore ISI set a $280.00 price target on Accenture in a report on Thursday, September 25th. Robert W. Baird lowered their price target on Accenture from $350.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Guggenheim lowered their target price on Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Finally, Stifel Nicolaus lowered their target price on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $300.22.

About Accenture

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.