Gilbert & Cook Inc. Takes $362,000 Position in Accenture PLC $ACN

Gilbert & Cook Inc. purchased a new position in Accenture PLC (NYSE:ACN) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 1,210 shares of the information technology services provider’s stock, valued at approximately $362,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACN. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Accenture during the 1st quarter worth about $31,000. RMG Wealth Management LLC purchased a new stake in Accenture during the 2nd quarter worth approximately $33,000. WPG Advisers LLC purchased a new position in shares of Accenture in the first quarter valued at approximately $42,000. Cheviot Value Management LLC acquired a new stake in shares of Accenture in the first quarter worth approximately $43,000. Finally, Fiduciary Wealth Partners LLC purchased a new stake in shares of Accenture during the first quarter worth approximately $45,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Performance

Shares of ACN stock opened at $250.44 on Monday. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.42. The firm’s 50 day moving average price is $246.87 and its 200-day moving average price is $275.96. The firm has a market cap of $164.91 billion, a P/E ratio of 20.61, a P/E/G ratio of 2.16 and a beta of 1.28.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $17.34 billion. During the same quarter in the previous year, the company earned $2.66 earnings per share. The firm’s quarterly 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. As a group, equities research 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 given a $1.63 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.6%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is presently 53.66%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group lowered their target price on shares of Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Dbs Bank raised shares of Accenture from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 27th. Royal Bank Of Canada dropped their price objective on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Mizuho decreased 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, Stifel Nicolaus lowered their price objective on Accenture from $355.00 to $315.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $253.40, for a total value of $2,280,600.00. Following the completion of the transaction, the chief executive officer owned 14,516 shares of the company’s stock, valued at approximately $3,678,354.40. This trade represents a 38.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Manish Sharma sold 6,902 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 1,860 shares in the company, valued at approximately $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 27,402 shares of company stock valued at $6,875,974. 0.02% of the stock is currently owned by corporate insiders.

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.