NewEdge Wealth LLC Acquires 82,368 Shares of Accenture PLC $ACN

NewEdge Wealth LLC lifted its holdings in shares of Accenture PLC (NYSE:ACN) by 585.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,447 shares of the information technology services provider’s stock after buying an additional 82,368 shares during the period. NewEdge Wealth LLC’s holdings in Accenture were worth $23,901,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. SkyView Investment Advisors LLC lifted its stake in Accenture by 1.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after purchasing an additional 43 shares during the last quarter. Alpha Cubed Investments LLC increased its holdings in shares of Accenture by 6.4% during the second quarter. Alpha Cubed Investments LLC now owns 744 shares of the information technology services provider’s stock worth $222,000 after buying an additional 45 shares in the last quarter. Councilmark Asset Management LLC lifted its stake in shares of Accenture by 0.5% in the 2nd quarter. Councilmark Asset Management LLC now owns 9,344 shares of the information technology services provider’s stock valued at $2,793,000 after acquiring an additional 45 shares during the last quarter. Investors Research Corp grew its position in Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 45 shares during the last quarter. Finally, WP Advisors LLC boosted its stake in shares of Accenture by 1.0% during the second quarter. WP Advisors LLC now owns 4,719 shares of the information technology services provider’s stock valued at $1,410,000 after purchasing an additional 46 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Joel Unruch sold 1,026 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $281.70, for a total value of $289,024.20. Following the transaction, the general counsel owned 27,181 shares of the company’s stock, valued at approximately $7,656,887.70. This trade represents a 3.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Catherine Kiernan Hogan sold 660 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $280.93, for a total value of $185,413.80. Following the sale, the chief operating officer owned 12,688 shares of the company’s stock, valued at $3,564,439.84. This trade represents a 4.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 22,088 shares of company stock valued at $5,970,434. Corporate insiders own 0.02% of the company’s stock.

Accenture Trading Up 1.7%

NYSE ACN opened at $223.60 on Thursday. The stock has a market capitalization of $137.65 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.12 and a beta of 1.24. The business has a 50 day simple moving average of $263.92 and a 200 day simple moving average of $253.87. 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 one year low of $215.16 and a one year high of $392.02.

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

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, January 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, January 13th. Accenture’s dividend payout ratio is 53.88%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ACN shares. TD Cowen lifted their target price on shares of Accenture from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Argus reduced their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. Truist Financial began coverage on Accenture in a research report on Tuesday, January 6th. They set a “buy” rating and a $317.00 target price for the company. UBS Group cut Accenture from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Accenture from $265.00 to $280.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Sixteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $298.38.

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.