Accenture PLC $ACN Shares Bought by Purkiss Capital Advisors LLC

by · The Cerbat Gem

Purkiss Capital Advisors LLC lifted its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 113.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,866 shares of the information technology services provider’s stock after acquiring an additional 990 shares during the period. Purkiss Capital Advisors LLC’s holdings in Accenture were worth $558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACN. Brighton Jones LLC grew its stake in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after buying an additional 4,905 shares during the period. Sovran Advisors LLC grew its position in Accenture by 50.9% during the first quarter. Sovran Advisors LLC now owns 4,362 shares of the information technology services provider’s stock valued at $1,361,000 after acquiring an additional 1,472 shares during the period. Citizens National Bank Trust Department increased its stake in Accenture by 144.6% during the first quarter. Citizens National Bank Trust Department now owns 225 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 133 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Accenture by 1.0% in the 1st quarter. Amalgamated Bank now owns 124,212 shares of the information technology services provider’s stock worth $38,759,000 after purchasing an additional 1,253 shares during the period. Finally, Albion Financial Group UT lifted its stake in shares of Accenture by 1.0% in the 1st quarter. Albion Financial Group UT now owns 49,068 shares of the information technology services provider’s stock valued at $15,311,000 after purchasing an additional 492 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Up 1.4%

Shares of ACN opened at $251.03 on Tuesday. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The stock has a 50-day moving average price of $247.31 and a 200 day moving average price of $277.05. 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 $165.29 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.16 and a beta of 1.28.

Accenture (NYSE:ACN – Get Free Report) last announced its earnings results on Thursday, September 25th. The information technology services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $17.34 billion. Accenture had a return on equity of 26.45% and a net margin of 11.02%.Accenture’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.66 EPS. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. Sell-side analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.6%. This is an increase from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio (DPR) is 53.66%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Evercore ISI set a $280.00 price target on shares of Accenture in a report on Thursday, September 25th. JPMorgan Chase & Co. cut their target price on shares of Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. HSBC lowered their price target on Accenture from $240.00 to $215.00 in a report on Friday, September 26th. Wells Fargo & Company assumed coverage on Accenture in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $251.00 price target on the stock. Finally, Susquehanna lowered their price objective on shares of Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $297.48.

Get Our Latest Report on Accenture

Insider Transactions at Accenture

In related news, insider Manish Sharma sold 6,902 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $250.01, for a total value of $1,725,569.02. Following the completion of the sale, the insider directly owned 1,860 shares of the company’s stock, valued at $465,018.60. The trade was a 78.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryoji Sekido sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,402 shares of company stock valued at $4,595,374. Insiders own 0.02% of the company’s stock.

About Accenture

(Free Report)

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.

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