Accenture PLC $ACN Stock Position Raised by TIAA Trust National Association

TIAA Trust National Association increased its position in Accenture PLC (NYSE:ACN) by 101.7% in the fourth quarter, HoldingsChannel reports. The firm owned 124,935 shares of the information technology services provider’s stock after acquiring an additional 62,979 shares during the period. TIAA Trust National Association’s holdings in Accenture were worth $33,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in Accenture in the 3rd quarter worth approximately $26,000. Board of the Pension Protection Fund acquired a new position in Accenture in the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in Accenture in the 4th quarter worth approximately $27,000. Private Wealth Management Group LLC boosted its stake in Accenture by 96.4% in the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 53 shares during the period. Finally, Steph & Co. boosted its stake in Accenture by 107.5% in the 4th quarter. Steph & Co. now owns 110 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ACN. Guggenheim decreased their price objective on shares of Accenture from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, March 20th. BMO Capital Markets decreased their price objective on shares of Accenture from $300.00 to $230.00 and set a “market perform” rating for the company in a research note on Friday, March 20th. Wells Fargo & Company cut their target price on shares of Accenture from $275.00 to $248.00 and set an “overweight” rating for the company in a research report on Thursday, June 4th. The Goldman Sachs Group cut their target price on shares of Accenture from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Finally, Oppenheimer set a $201.00 target price on shares of Accenture in a research report on Monday. Seventeen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.81.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture announced a new AI Adoption Maturity Model with Carnegie Mellon University’s Software Engineering Institute, a move that could strengthen its positioning as a trusted enterprise AI consulting partner and support future services demand. Article: Accenture and the Carnegie Mellon University Software Engineering Institute Launch AI Adoption Maturity Model to Help Organizations Scale AI with Predictable Outcomes
• Positive Sentiment: Analysts at JPMorgan and TD Cowen maintained bullish ratings on Accenture despite trimming price targets, signaling continued confidence in the company’s long-term fundamentals and upside from current levels. Article: JPMorgan adjusts price target on Accenture to 201 from 247 maintains overweight rating Article: TD Cowen adjusts price target on Accenture to 258 from 282 maintains buy rating
• Positive Sentiment: Accenture’s planned acquisition of Whalar, a leading creator and social agency, suggests it is expanding capabilities in digital marketing and creator-led services, which could broaden its growth opportunities. Article: Accenture to Acquire Leading Creator and Social Agency Whalar, from Whalar Group
• Neutral Sentiment: Commentary pieces emphasized Accenture as a major player in enterprise AI and highlighted its debt-free balance sheet, but these were mostly strategic overviews rather than new financial catalysts. Article: Is Accenture (ACN) Turning AI Readiness Consulting Into a Defensible Edge in Enterprise Services? Article: Accenture Plc (ACN): A Debt-Free IT Stock Expanding AI Capabilities Despite Downgrade
• Negative Sentiment: Accenture shares were pressured by a stock decline versus a broadly firmer market, indicating weak near-term investor sentiment around the name. Article: Accenture (ACN) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: A recent Truist downgrade noted concerns about constrained client budgets and competitive pressures, reinforcing worries that consulting demand may remain uneven in the near term. Article: Accenture Plc (ACN): A Debt-Free IT Stock Expanding AI Capabilities Despite Downgrade

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the sale, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Down 2.2%

Shares of ACN opened at $174.42 on Tuesday. The company has a 50-day simple moving average of $183.86 and a 200-day simple moving average of $223.76. The firm has a market capitalization of $116.06 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34. Accenture PLC has a 52 week low of $155.82 and a 52 week high of $321.77.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $18.04 billion during the quarter, compared to analyst estimates of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. On average, equities research analysts expect that Accenture PLC will post 13.88 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.7%. Accenture’s dividend payout ratio is currently 53.40%.

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.