Mitsubishi UFJ Asset Management Co. Ltd. Acquires 129,208 Shares of Accenture PLC $ACN

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Accenture PLC (NYSE:ACN) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,310,628 shares of the information technology services provider’s stock after purchasing an additional 129,208 shares during the quarter. Accenture makes up approximately 0.8% of Mitsubishi UFJ Asset Management Co. Ltd.’s investment portfolio, making the stock its 18th biggest position. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.53% of Accenture worth $989,514,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACN. Viawealth LLC grew its stake in shares of Accenture by 2.6% during the 1st quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock valued at $408,000 after acquiring an additional 33 shares during the period. Aprio Wealth Management LLC lifted its holdings in Accenture by 2.1% during the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after purchasing an additional 33 shares in the last quarter. First National Advisers LLC boosted its position in shares of Accenture by 0.4% in the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock worth $2,939,000 after purchasing an additional 34 shares during the period. TCTC Holdings LLC increased its stake in shares of Accenture by 14.5% in the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock worth $84,000 after purchasing an additional 34 shares in the last quarter. Finally, Texas Bank & Trust Co raised its position in shares of Accenture by 0.4% during the 1st quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock valued at $2,553,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, insider Manish Sharma sold 6,902 shares of the business’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 transaction, the insider owned 1,860 shares of the company’s stock, valued at approximately $465,018.60. The trade was a 78.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 owned 1,390 shares in the company, valued at $346,763.30. The trade was a 64.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,319 shares of company stock valued at $8,335,225 over the last ninety days. 0.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACN. Jefferies Financial Group reiterated a “hold” rating on shares of Accenture in a research note on Tuesday, September 30th. Rothschild Redb cut Accenture from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Wall Street Zen cut Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Wolfe Research increased their price objective on shares of Accenture from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Mizuho reduced their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $294.25.

Accenture Stock Up 1.9%

NYSE ACN opened at $245.87 on Friday. The stock has a 50 day moving average price of $245.69 and a 200-day moving average price of $274.79. 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 company has a market capitalization of $161.90 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.16 and a beta of 1.28.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share for the quarter, topping 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 company had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same quarter in the previous year, the business posted $2.66 earnings per share. Accenture’s quarterly 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, equities analysts predict that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.63 dividend. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is 53.66%.

About Accenture

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.