Accenture PLC $ACN Holdings Raised by Hendershot Investments Inc.

Hendershot Investments Inc. lifted its stake in Accenture PLC (NYSE:ACN) by 13.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,083 shares of the information technology services provider’s stock after purchasing an additional 4,932 shares during the quarter. Accenture accounts for about 1.1% of Hendershot Investments Inc.’s investment portfolio, making the stock its 28th largest holding. Hendershot Investments Inc.’s holdings in Accenture were worth $8,345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Accenture by 46.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after purchasing an additional 660 shares during the period. United Bank boosted its stake in Accenture by 49.8% in the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after purchasing an additional 1,209 shares during the period. Bank of Nova Scotia grew its position in Accenture by 23.0% during the 2nd quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock worth $247,000 after purchasing an additional 155 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in Accenture by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock valued at $528,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling

In other news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the transaction, the chief executive officer 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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by corporate insiders.

Accenture Price Performance

ACN opened at $137.40 on Friday. The stock has a fifty day moving average price of $164.30 and a 200 day moving average price of $208.64. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $307.77. The stock has a market cap of $91.76 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.36 and a beta of 1.13.

Accenture (NYSE:ACN) last posted its quarterly 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 company had revenue of $18.72 billion during the quarter, compared to the consensus estimate of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Analysts forecast that Accenture PLC will post 13.85 EPS for the current fiscal year.

Accenture declared 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 repurchase up to 2.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Accenture Dividend Announcement

The firm 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 $1.63 dividend. The ex-dividend date is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a yield of 4.7%. Accenture’s payout ratio is 52.08%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank Of Canada decreased their target price on Accenture from $253.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, June 22nd. Stifel Nicolaus dropped their price target on Accenture from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Truist Financial lowered their target price on Accenture from $210.00 to $150.00 and set a “hold” rating on the stock in a research note on Monday, June 22nd. Evercore set a $180.00 target price on Accenture in a report on Thursday, June 18th. Finally, Oppenheimer set a $201.00 price target on shares of Accenture in a research report on Monday, June 8th. Twelve analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $195.00.

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.