Accenture PLC $ACN Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. cut its holdings in shares of Accenture PLC (NYSE:ACN) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 50,272 shares of the information technology services provider’s stock after selling 3,807 shares during the period. Cibc World Market Inc.’s holdings in Accenture were worth $13,488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACN. TD Asset Management Inc lifted its position in shares of Accenture by 51.8% in the 4th quarter. TD Asset Management Inc now owns 1,047,474 shares of the information technology services provider’s stock valued at $281,037,000 after acquiring an additional 357,271 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of Accenture by 29.0% in the 4th quarter. Intellectus Partners LLC now owns 6,379 shares of the information technology services provider’s stock valued at $1,712,000 after acquiring an additional 1,435 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Accenture by 25.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,238 shares of the information technology services provider’s stock valued at $869,000 after acquiring an additional 653 shares in the last quarter. Greenspring Advisors LLC purchased a new stake in shares of Accenture in the 4th quarter valued at approximately $542,000. Finally, Disciplined Investors L.L.C. purchased a new stake in shares of Accenture in the 4th quarter valued at approximately $203,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the transaction, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their position. The transaction was disclosed in a filing 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.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Zacks highlighted Accenture’s strong earnings-surprise track record and said the company has the ingredients for another beat when it next reports results, which can lift sentiment ahead of earnings. Will Accenture (ACN) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Stifel Nicolaus reiterated its Buy rating on Accenture, reinforcing the view that the stock remains attractive at current levels. Stifel Nicolaus Sticks to Its Buy Rating for Accenture (ACN)
• Positive Sentiment: Accenture announced a strategic investment and partnership with AlphaSense to bring agentic AI workflows for market intelligence to enterprises, underscoring continued momentum in AI services and enterprise transformation. Accenture and AlphaSense Announce Strategic Investment and Partnership to Bring Agentic Workflows for Market Intelligence to Enterprises
• Positive Sentiment: TEPCO Solution Advance also said it is working with Accenture to reinvent operations with AI, adding another example of new client demand tied to Accenture’s AI consulting capabilities. TEPCO Solution Advance Teams with Accenture to Reinvent Operations with AI
• Neutral Sentiment: Several recent opinion pieces argued that Accenture looks undervalued on earnings and cash flow metrics, which may help investor confidence, but these were commentary rather than new fundamentals. Accenture: A 57% Drop Meets A 12.8 P/E – The Ultimate Margin Of Safety
• Neutral Sentiment: Other analysis said AI is accelerating demand rather than disrupting Accenture’s business model, supporting the long-term bull case but not changing near-term results on its own. Accenture: AI Is Accelerating Instead Of Disrupting The Consultancy
• Negative Sentiment: At least one recent valuation update trimmed Accenture’s fair value estimate and another note pointed to softer IT spending and AI competition, reflecting lingering caution around growth and margins. How The Investment Story For Accenture (ACN) Is Shifting With AI And Softer IT Spending

Accenture Stock Performance

Shares of ACN opened at $178.45 on Friday. The company’s fifty day moving average is $184.29 and its 200-day moving average is $224.34. Accenture PLC has a 12 month low of $155.82 and a 12 month high of $321.77. The firm has a market cap of $118.75 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16.

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

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were paid a $1.63 dividend. The ex-dividend date was Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a yield of 3.7%. Accenture’s dividend payout ratio (DPR) is presently 53.40%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup reduced their price target on shares of Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Morgan Stanley reduced their price target on shares of Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Robert W. Baird reduced their price target on shares of Accenture from $330.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. The Goldman Sachs Group reduced their price target on shares of Accenture from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, HSBC reduced their price target on shares of Accenture from $220.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $265.54.

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.