Accenture PLC (NYSE:ACN) to Issue $1.63 Quarterly Dividend

Accenture PLC (NYSE:ACN) announced a quarterly dividend on Thursday, June 18th. Shareholders of record on Thursday, July 9th will be given a dividend of 1.63 per share by the information technology services provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Thursday, July 9th.

Accenture has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 20 years. Accenture has a dividend payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Accenture to earn $14.91 per share next year, which means the company should continue to be able to cover its $6.52 annual dividend with an expected future payout ratio of 43.7%.

Accenture Price Performance

NYSE ACN opened at $126.75 on Friday. The company has a 50-day moving average price of $178.10 and a 200-day moving average price of $219.00. Accenture has a 52 week low of $125.60 and a 52 week high of $307.77. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $84.34 billion, a P/E ratio of 10.38, a PEG ratio of 1.48 and a beta of 1.08.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.10. The company had revenue of $18.72 billion for the quarter, compared to the consensus estimate of $18.75 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Equities research analysts anticipate that Accenture will post 13.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ACN. UBS Group reiterated a “buy” rating on shares of Accenture in a research note on Tuesday. Royal Bank Of Canada decreased their target price on Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Citigroup cut their price target on Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Accenture from $210.00 to $199.00 and set a “hold” rating for the company in a research report on Tuesday, June 2nd. Finally, Susquehanna lowered their price objective on Accenture from $222.00 to $186.00 and set a “neutral” rating on the stock in a research report on Tuesday. Sixteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average target price of $232.41.

About Accenture

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.