ProShare Advisors LLC Buys 13,581 Shares of Accenture PLC $ACN

ProShare Advisors LLC grew its position in shares of Accenture PLC (NYSE:ACN) by 9.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,539 shares of the information technology services provider’s stock after buying an additional 13,581 shares during the period. ProShare Advisors LLC’s holdings in Accenture were worth $46,788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kelly Lawrence W & Associates Inc. CA purchased a new position in Accenture in the 1st quarter valued at approximately $31,000. RMG Wealth Management LLC purchased a new position in Accenture during the 2nd quarter valued at about $33,000. WPG Advisers LLC purchased a new stake in shares of Accenture in the first quarter worth about $42,000. Cheviot Value Management LLC purchased a new stake in Accenture in the 1st quarter worth approximately $43,000. Finally, Fiduciary Wealth Partners LLC purchased a new position in Accenture during the first quarter worth about $45,000. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Shares of ACN stock opened at $244.36 on Tuesday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The stock has a market cap of $160.90 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.16 and a beta of 1.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $245.37 and its 200 day moving average is $274.29.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same quarter in the prior year, the company earned $2.66 earnings per share. The business’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. Research analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal 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 paid a $1.63 dividend. This is a boost from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 10th. Accenture’s payout ratio is currently 53.66%.

Insider Activity at Accenture

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was 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 of the company’s stock, valued at approximately $346,763.30. The trade was a 64.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Manish Sharma sold 6,902 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total transaction of $1,725,569.02. Following the completion of the sale, the insider owned 1,860 shares of the company’s stock, valued at $465,018.60. This represents a 78.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 33,319 shares of company stock valued at $8,335,225 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ACN. Evercore ISI set a $280.00 price objective on shares of Accenture in a research report on Thursday, September 25th. BNP Paribas Exane decreased their price target on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Wolfe Research increased their target price on shares of Accenture from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Guggenheim cut their price target on shares of Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, Cowen restated a “buy” rating on shares of Accenture in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $294.25.

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.