Aberdeen Group plc Reduces Stock Holdings in Accenture PLC $ACN

Aberdeen Group plc decreased its position in Accenture PLC (NYSE:ACN) by 7.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 830,886 shares of the information technology services provider’s stock after selling 69,470 shares during the period. Aberdeen Group plc’s holdings in Accenture were worth $247,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of ACN. PDS Planning Inc boosted its holdings in Accenture by 34.7% in the 2nd quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock worth $1,212,000 after buying an additional 1,044 shares during the period. JB Capital LLC bought a new position in Accenture in the 2nd quarter worth approximately $228,000. Endeavor Private Wealth Inc. boosted its holdings in Accenture by 7.2% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 861 shares of the information technology services provider’s stock worth $257,000 after buying an additional 58 shares during the period. Cascade Investment Group Inc. boosted its holdings in Accenture by 4.2% in the 2nd quarter. Cascade Investment Group Inc. now owns 3,817 shares of the information technology services provider’s stock worth $1,141,000 after buying an additional 154 shares during the period. Finally, L. Roy Papp & Associates LLP boosted its holdings in Accenture by 0.9% in the 2nd quarter. L. Roy Papp & Associates LLP now owns 110,746 shares of the information technology services provider’s stock worth $33,101,000 after buying an additional 976 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays cut their price objective on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a report on Monday, June 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. BMO Capital Markets lowered their target price on shares of Accenture from $325.00 to $270.00 and set a “market perform” rating on the stock in a research note on Friday, September 26th. Mizuho lowered their target price on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Finally, TD Cowen lowered their target price on shares of Accenture from $313.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $300.22.

Accenture Stock Performance

Accenture stock opened at $241.11 on Friday. The firm’s fifty day moving average price is $247.45 and its 200-day moving average price is $281.57. 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 stock has a market cap of $151.01 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35.

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. The firm had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. Accenture had a net margin of 11.02% and a return on equity of 26.45%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. On average, equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal 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 given a dividend of $1.63 per share. This is an increase from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.7%. Accenture’s dividend payout ratio is 48.72%.

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.