Violich Capital Management Inc. Reduces Stock Position in Accenture PLC $ACN

Violich Capital Management Inc. lessened its holdings in Accenture PLC (NYSE:ACN) by 13.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,670 shares of the information technology services provider’s stock after selling 4,882 shares during the quarter. Accenture makes up about 1.3% of Violich Capital Management Inc.’s holdings, making the stock its 19th largest position. Violich Capital Management Inc.’s holdings in Accenture were worth $9,466,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after acquiring an additional 4,905 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Accenture by 62.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 905 shares of the information technology services provider’s stock valued at $282,000 after buying an additional 347 shares during the period. Kingswood Wealth Advisors LLC boosted its position in Accenture by 13.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,095 shares of the information technology services provider’s stock worth $654,000 after purchasing an additional 248 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Accenture during the 1st quarter worth $206,000. Finally, Riverbridge Partners LLC lifted its holdings in Accenture by 2.8% in the 1st quarter. Riverbridge Partners LLC now owns 4,108 shares of the information technology services provider’s stock worth $1,282,000 after buying an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

NYSE ACN opened at $238.46 on Friday. The company’s fifty day moving average is $246.78 and its two-hundred day moving average is $278.90. The firm has a market capitalization of $157.02 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 2.08 and a beta of 1.28. Accenture PLC has a 52-week low of $229.40 and a 52-week high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46.

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 during 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 company’s quarterly revenue was up 7.3% compared to the same quarter last year. 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. Equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.63 dividend. 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. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio is currently 53.66%.

Wall Street Analysts Forecast Growth

ACN has been the subject of several recent analyst reports. TD Cowen decreased their target price on shares of Accenture from $313.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, September 26th. UBS Group decreased their target price on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a research report on Wednesday, October 8th. Robert W. Baird decreased their target price on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Finally, Evercore ISI set a $280.00 price objective on shares of Accenture in a report on Thursday, September 25th. One equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average target price 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.