Accenture PLC $ACN Stake Raised by Personal CFO Solutions LLC

Personal CFO Solutions LLC raised its holdings in shares of Accenture PLC (NYSE:ACNFree Report) by 117.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,242 shares of the information technology services provider’s stock after acquiring an additional 5,527 shares during the quarter. Personal CFO Solutions LLC’s holdings in Accenture were worth $2,031,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas raised its holdings in shares of Accenture by 27.7% during the 4th 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 purchasing an additional 61,314 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Accenture by 197.2% during 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Accenture by 36.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 557,516 shares of the information technology services provider’s stock valued at $149,582,000 after buying an additional 149,357 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Accenture by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock worth $17,726,831,000 after buying an additional 854,361 shares during the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in shares of Accenture by 12.0% during the 4th quarter. Swiss Life Asset Management Ltd now owns 335,314 shares of the information technology services provider’s stock worth $89,965,000 after acquiring an additional 36,037 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ACN. BNP Paribas Exane cut their price objective on Accenture from $180.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, June 26th. DA Davidson decreased their target price on Accenture from $275.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. William Blair lowered shares of Accenture from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 18th. Berenberg Bank reduced their price objective on shares of Accenture from $273.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Finally, Susquehanna decreased their price objective on shares of Accenture from $186.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. Twelve investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, Accenture presently has an average rating of “Hold” and a consensus target price of $193.33.

Check Out Our Latest Research Report on ACN

Insider Buying and Selling

In other Accenture 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 value of $863,026.08. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by corporate insiders.

Accenture Price Performance

NYSE:ACN opened at $137.29 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34. The company has a 50-day moving average of $161.95 and a 200-day moving average of $205.36. Accenture PLC has a 52 week low of $118.15 and a 52 week high of $304.19. The company has a market capitalization of $91.68 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.41 and a beta of 1.13.

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

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors 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 dividend yield of 4.7%. The ex-dividend date is Thursday, July 9th. Accenture’s dividend payout ratio (DPR) is 52.08%.

Accenture announced that its Board of Directors has initiated a share repurchase program 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 buy up to 2.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Key Accenture News

Here are the key news stories impacting Accenture this week:

About Accenture

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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