Accenture PLC $ACN Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lowered its position in Accenture PLC (NYSE:ACN) by 7.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 93,916 shares of the information technology services provider’s stock after selling 7,445 shares during the quarter. NewEdge Wealth LLC’s holdings in Accenture were worth $18,623,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Teacher Retirement System of Texas raised its holdings in Accenture by 27.7% in 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 acquiring an additional 61,314 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Accenture by 197.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 141,484 shares of the information technology services provider’s stock worth $37,960,000 after acquiring an additional 93,880 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Accenture by 36.6% in 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 purchasing an additional 149,357 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Accenture by 1.3% in 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 purchasing an additional 854,361 shares in the last quarter. Finally, Swiss Life Asset Management Ltd raised its stake in shares of 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 purchasing an additional 36,037 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the transaction, the chief executive officer owned 12,802 shares in the company, valued at approximately $2,267,746.28. This 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. Company insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of ACN opened at $140.12 on Thursday. Accenture PLC has a 12 month low of $118.15 and a 12 month high of $291.09. 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 fifty day moving average price of $154.86 and a 200 day moving average price of $196.17. The company has a market cap of $93.58 billion, a P/E ratio of 11.19, a PEG ratio of 1.46 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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.10. The company had revenue of $18.72 billion for the quarter, compared to analysts’ expectations of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, research analysts forecast that Accenture PLC will post 13.85 earnings per share for the current year.

Accenture announced that its board has approved a stock repurchase plan on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Accenture Announces Dividend

The company also recently announced 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 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Mizuho cut their price objective on Accenture from $280.00 to $226.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Dbs Bank lowered Accenture from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Morgan Stanley lowered their price target on Accenture from $177.00 to $130.00 and set an “equal weight” rating for the company in a report on Monday, June 22nd. Royal Bank Of Canada dropped their price target on Accenture from $253.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, June 22nd. Finally, HSBC decreased their price objective on shares of Accenture from $220.00 to $210.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $192.96.

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.