Simon Quick Advisors LLC Purchases 1,071 Shares of Accenture PLC $ACN

Simon Quick Advisors LLC grew its position in shares of Accenture PLC (NYSE:ACN) by 18.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,031 shares of the information technology services provider’s stock after buying an additional 1,071 shares during the quarter. Simon Quick Advisors LLC’s holdings in Accenture were worth $2,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in Accenture during the first quarter worth about $31,000. RMG Wealth Management LLC bought a new stake in Accenture during the second quarter worth about $33,000. WPG Advisers LLC bought a new stake in Accenture during the first quarter worth about $42,000. Cheviot Value Management LLC bought a new stake in Accenture during the first quarter worth about $43,000. Finally, Fiduciary Wealth Partners LLC bought a new stake in Accenture during the first quarter worth about $45,000. 75.14% of the stock is owned by institutional investors.

Accenture Trading Up 0.6%

Shares of NYSE ACN opened at $249.16 on Friday. The company’s 50 day simple moving average is $247.03 and its 200 day simple moving average is $276.39. Accenture PLC has a fifty-two week low of $229.40 and a fifty-two week high of $398.35. The firm has a market capitalization of $164.07 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.16 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42.

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, beating the consensus estimate 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 analyst estimates of $17.34 billion. During the same period in the prior year, the business posted $2.66 earnings per share. Accenture’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. On average, analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.6%. 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 (DPR) is 53.66%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. BMO Capital Markets decreased their price target 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. 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. HSBC decreased their price target on shares of Accenture from $240.00 to $215.00 in a research note on Friday, September 26th. Stifel Nicolaus decreased their price target on shares of Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Finally, Rothschild Redb cut shares of Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $294.25.

Insiders Place Their Bets

In other Accenture news, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $249.47, for a total value of $623,675.00. Following the sale, the chief executive officer directly owned 1,390 shares in the company, valued at approximately $346,763.30. This trade represents a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the stock in a transaction 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 in the company, valued at approximately $465,018.60. This trade represents a 78.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 27,402 shares of company stock worth $6,875,974. Company insiders own 0.02% of the company’s stock.

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.