Convergence Investment Partners LLC Boosts Stake in Accenture PLC $ACN

Convergence Investment Partners LLC boosted its position in shares of Accenture PLC (NYSE:ACN) by 1,099.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 10,339 shares of the information technology services provider’s stock after acquiring an additional 9,477 shares during the period. Convergence Investment Partners LLC’s holdings in Accenture were worth $2,050,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position in shares of Accenture by 27.7% during the fourth quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider’s stock valued at $75,752,000 after buying an additional 61,314 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Accenture by 197.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 141,484 shares of the information technology services provider’s stock worth $37,960,000 after buying an additional 93,880 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Accenture by 36.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 557,516 shares of the information technology services provider’s stock worth $149,582,000 after acquiring an additional 149,357 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Accenture by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock valued at $17,726,831,000 after acquiring an additional 854,361 shares during the period. Finally, Swiss Life Asset Management Ltd grew its position in Accenture by 12.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 335,314 shares of the information technology services provider’s stock valued at $89,965,000 after acquiring an additional 36,037 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the sale, the chief executive officer directly owned 12,802 shares in the company, valued at $2,267,746.28. This represents a 27.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACN. BMO Capital Markets reiterated a “market perform” rating and set a $150.00 target price on shares of Accenture in a research report on Friday, June 19th. Royal Bank Of Canada cut their price target on shares of Accenture from $253.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, June 22nd. William Blair downgraded shares of Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 18th. Robert W. Baird set a $190.00 price target on shares of Accenture in a research note on Thursday, June 18th. Finally, UBS Group reiterated a “buy” rating and issued a $275.00 price target on shares of Accenture in a report on Wednesday, July 8th. Twelve investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $192.96.

Accenture Stock Up 0.7%

Shares of Accenture stock opened at $144.63 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $96.58 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.49 and a beta of 1.13. The firm’s 50-day moving average is $155.82 and its two-hundred day moving average is $197.97. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, beating the consensus estimate of $3.70 by $0.10. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The business had revenue of $18.72 billion during the quarter, compared to analyst estimates of $18.78 billion. During the same quarter in the previous year, the business posted $3.49 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, research analysts expect that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

Accenture announced that its board has approved a stock buyback plan on Tuesday, June 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the information technology services provider to purchase up to 2.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s dividend payout ratio (DPR) is 52.08%.

Accenture 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.