Castle Rock Wealth Management LLC Has $275,000 Holdings in Accenture PLC $ACN

Castle Rock Wealth Management LLC cut its stake in shares of Accenture PLC (NYSE:ACN) by 11.5% in the second quarter, Holdings Channel reports. The firm owned 973 shares of the information technology services provider’s stock after selling 127 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Accenture were worth $275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA acquired a new position in Accenture in the first quarter valued at about $31,000. Inlight Wealth Management LLC acquired a new position in Accenture in the first quarter valued at about $32,000. RMG Wealth Management LLC acquired a new position in Accenture in the second quarter valued at about $33,000. WPG Advisers LLC acquired a new position in Accenture in the first quarter valued at about $42,000. Finally, Cheviot Value Management LLC acquired a new position in Accenture in the first quarter valued at about $43,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Mauro Macchi sold 500 shares of the company’s stock in a transaction that occurred on 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 owned 2,283 shares in the company, valued at $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Julie Spellman Sweet sold 2,251 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the completion of the sale, the chief executive officer owned 8,109 shares in the company, valued at $2,290,387.05. This represents a 21.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,954 shares of company stock worth $834,280 over the last 90 days. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

ACN opened at $253.17 on Thursday. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The firm has a market capitalization of $158.57 billion, a PE ratio of 20.84, a PEG ratio of 2.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.42. The business’s 50-day simple moving average is $248.02 and its 200 day simple moving average is $282.42.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter in the prior year, the company posted $2.66 earnings per share. Accenture’s revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, sell-side analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on ACN. Mizuho decreased their target price on Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Barclays cut their price target on Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a report on Monday, June 23rd. Morgan Stanley cut their price target on Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. BNP Paribas Exane cut their price target on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Finally, Argus set a $370.00 price target on Accenture in a report on Tuesday, June 24th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $300.22.

Accenture Company 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.