Wedbush Securities Inc. Purchases 323 Shares of Accenture PLC $ACN

Wedbush Securities Inc. increased its position in shares of Accenture PLC (NYSE:ACN) by 5.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,690 shares of the information technology services provider’s stock after buying an additional 323 shares during the period. Wedbush Securities Inc.’s holdings in Accenture were worth $2,000,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Truist Financial Corp grew its stake in Accenture by 7.0% in the 2nd quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after purchasing an additional 28,685 shares during the period. Redwood Investments LLC boosted its holdings in shares of Accenture by 6.2% in the 1st quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after buying an additional 1,287 shares during the last quarter. Lipe & Dalton increased its holdings in Accenture by 2,087.4% during the first quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock worth $1,570,000 after buying an additional 4,801 shares during the last quarter. PDS Planning Inc boosted its stake in Accenture by 34.7% in the second quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock valued at $1,212,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Accenture by 6.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock valued at $21,187,000 after acquiring an additional 4,281 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACN has been the topic of several research analyst reports. Citigroup upgraded Accenture to a “hold” rating in a research note on Thursday, October 23rd. Rothschild & Co Redburn upped their price target on Accenture from $250.00 to $255.00 in a research report on Friday, September 19th. Robert W. Baird decreased their price objective on Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, September 26th. TD Cowen dropped their price objective on shares of Accenture from $313.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Finally, Susquehanna reduced their target price on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $294.25.

Insider Buying and Selling

In related news, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,390 shares in the company, valued at approximately $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the sale, the chief executive officer owned 23,516 shares of the company’s stock, valued at approximately $5,868,888.12. The trade was a 27.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,319 shares of company stock worth $8,335,225 over the last ninety days. 0.02% of the stock is owned by corporate insiders.

Accenture Stock Up 1.9%

ACN stock opened at $245.87 on Friday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The firm has a market capitalization of $161.90 billion, a PE ratio of 20.24, a PEG ratio of 2.16 and a beta of 1.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $245.69 and a two-hundred day simple moving average of $274.72.

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

Accenture Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $1.63 per share. This is a positive change 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 of this dividend is Friday, October 10th. Accenture’s dividend payout ratio is 53.66%.

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.