Procyon Advisors LLC Purchases 10,402 Shares of Accenture PLC $ACN

Procyon Advisors LLC raised its position in shares of Accenture PLC (NYSE:ACN) by 136.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,013 shares of the information technology services provider’s stock after purchasing an additional 10,402 shares during the quarter. Procyon Advisors LLC’s holdings in Accenture were worth $3,572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 854,361 shares in the last quarter. State Street Corp increased its stake in Accenture by 0.5% in the 4th quarter. State Street Corp now owns 28,264,675 shares of the information technology services provider’s stock worth $7,583,462,000 after buying an additional 129,610 shares in the last quarter. Capital International Investors raised its holdings in Accenture by 2.0% during the fourth quarter. Capital International Investors now owns 17,471,554 shares of the information technology services provider’s stock valued at $4,687,867,000 after acquiring an additional 343,420 shares during the period. Geode Capital Management LLC lifted its position in shares of Accenture by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 14,656,436 shares of the information technology services provider’s stock valued at $3,922,212,000 after acquiring an additional 218,719 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Accenture by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,693,994 shares of the information technology services provider’s stock worth $2,869,199,000 after acquiring an additional 546,198 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Dbs Bank downgraded Accenture from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Susquehanna cut 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. Jefferies Financial Group reduced their price objective on shares of Accenture from $210.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, June 15th. UBS Group reissued a “buy” rating and issued a $275.00 target price on shares of Accenture in a report on Wednesday, July 8th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $200.00 target price on shares of Accenture in a research note on Tuesday, June 16th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Hold” and a consensus target price of $193.19.

Insider Transactions at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This trade represents a 27.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by company insiders.

Accenture Price Performance

Accenture stock opened at $138.50 on Tuesday. Accenture PLC has a 52-week low of $118.15 and a 52-week high of $291.09. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $159.47 and its 200 day moving average is $202.54. The company has a market cap of $92.49 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.34 and a beta of 1.13.

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

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s payout ratio is presently 52.08%.

Accenture announced that its board has authorized a stock buyback plan on Tuesday, June 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to reacquire up to 2.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

About Accenture

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.