Tyche Wealth Partners LLC Has $926,000 Holdings in Accenture PLC $ACN

Tyche Wealth Partners LLC cut its position in shares of Accenture PLC (NYSE:ACN) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,100 shares of the information technology services provider’s stock after selling 42 shares during the period. Tyche Wealth Partners LLC’s holdings in Accenture were worth $926,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Redwood Investments LLC lifted its stake in Accenture by 6.2% in the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock valued at $6,892,000 after acquiring an additional 1,287 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Accenture by 7.0% during the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after purchasing an additional 28,685 shares in the last quarter. Lipe & Dalton lifted its stake in shares of Accenture by 2,087.4% in the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after purchasing an additional 4,801 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Accenture by 6.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock valued at $21,187,000 after purchasing an additional 4,281 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Accenture by 40.5% in the 1st quarter. Intech Investment Management LLC now owns 98,633 shares of the information technology services provider’s stock valued at $30,777,000 after purchasing an additional 28,446 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of several recent research reports. Stifel Nicolaus cut their target price on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Hsbc Global Res raised Accenture to a “moderate sell” rating in a report on Monday, July 28th. Benchmark restated a “mixed” rating on shares of Accenture in a report on Friday, June 20th. BNP Paribas Exane decreased their target price on Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Finally, Evercore ISI set a $280.00 price target on shares of Accenture in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $300.22.

Insider Activity

In other news, insider Angela Beatty sold 203 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the completion of the transaction, the insider owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, the chief executive officer directly owned 2,283 shares in the company, valued at approximately $644,582.22. This trade represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 Performance

Shares of NYSE ACN opened at $248.18 on Tuesday. Accenture PLC has a 12 month low of $229.40 and a 12 month high of $398.35. The company has a market cap of $155.44 billion, a P/E ratio of 20.43, a P/E/G ratio of 2.14 and a beta of 1.28. The business’s 50 day moving average is $248.99 and its two-hundred day moving average is $282.84. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 0.16.

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, beating the consensus estimate of $2.98 by $0.05. Accenture had a return on equity of 26.45% and a net margin of 11.02%.The company had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $17.34 billion. During the same period in the prior year, the business earned $2.66 earnings per share. Accenture’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. Q1 2026 guidance at EPS. On average, equities analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s payout ratio is presently 48.72%.

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.