Axxcess Wealth Management LLC Buys 5,074 Shares of Accenture PLC $ACN

Axxcess Wealth Management LLC boosted its stake in shares of Accenture PLC (NYSE:ACN) by 26.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,083 shares of the information technology services provider’s stock after buying an additional 5,074 shares during the period. Axxcess Wealth Management LLC’s holdings in Accenture were worth $5,939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ACN. Investors Research Corp boosted its stake in Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Accenture by 132.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Davis Capital Management bought a new position in shares of Accenture during the 3rd quarter valued at approximately $28,000. Elevation Wealth Partners LLC grew its stake in shares of Accenture by 146.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 123 shares of the information technology services provider’s stock worth $30,000 after buying an additional 73 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in Accenture in the third quarter worth about $32,000. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Up 1.7%

Shares of ACN opened at $223.60 on Thursday. The firm has a market capitalization of $137.65 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Accenture PLC has a 1-year low of $215.16 and a 1-year high of $392.02. The company has a 50-day moving average of $263.92 and a 200 day moving average of $253.87.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 18th. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.21. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.51 billion. Accenture had a net margin of 10.76% and a return on equity of 26.65%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $3.59 earnings per share. Accenture has set its FY 2026 guidance at 13.520-13.900 EPS. On average, research analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, January 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio is currently 53.88%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ACN. Susquehanna raised their price target on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 target price on shares of Accenture in a research note on Thursday, December 18th. UBS Group lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Dbs Bank upgraded shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Finally, HSBC raised their price objective on shares of Accenture from $215.00 to $235.00 in a research note on Friday, December 19th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.38.

Insider Buying and Selling at Accenture

In other news, General Counsel Joel Unruch sold 1,332 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total transaction of $366,300.00. Following the transaction, the general counsel owned 28,207 shares in the company, valued at approximately $7,756,925. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the completion of the sale, the chief executive officer directly owned 15,255 shares of the company’s stock, valued at approximately $3,679,963.65. This trade represents a 28.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 22,088 shares of company stock worth $5,970,434. Insiders own 0.02% of the company’s stock.

Accenture Company Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.