Acumen Wealth Advisors LLC Sells 6,428 Shares of Accenture PLC $ACN

Acumen Wealth Advisors LLC reduced its stake in Accenture PLC (NYSE:ACN) by 35.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,809 shares of the information technology services provider’s stock after selling 6,428 shares during the period. Acumen Wealth Advisors LLC’s holdings in Accenture were worth $2,342,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ACN. Triumph Capital Management purchased a new position in Accenture in the third quarter worth about $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Accenture during the fourth quarter valued at approximately $27,000. McMillan Office Inc. bought a new stake in shares of Accenture during the fourth quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in Accenture in the 4th quarter worth approximately $27,000. Finally, Private Wealth Management Group LLC lifted its position in Accenture by 96.4% in the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Down 2.5%

ACN stock opened at $141.11 on Wednesday. The company has a market cap of $94.23 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 1.50 and a beta of 1.13. 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 business’s 50-day moving average is $155.25 and its two-hundred day moving average is $197.08. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09.

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

Accenture announced that its Board of Directors has approved a share repurchase program on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders 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 dividend yield of 4.6%. The ex-dividend date is Thursday, July 9th. Accenture’s dividend payout ratio (DPR) is currently 52.08%.

Insider Activity

In other 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, 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 insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ACN shares. Susquehanna decreased their price target on Accenture from $186.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd. Berenberg Bank reduced their price objective on Accenture from $273.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Citigroup lowered their target price on shares of Accenture from $215.00 to $195.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. UBS Group reiterated a “buy” rating and issued a $275.00 price target on shares of Accenture in a research note on Wednesday, July 8th. Finally, TD Cowen downgraded shares of Accenture from a “buy” rating to a “hold” rating and lowered their price objective for the company from $258.00 to $150.00 in a research report on Monday, June 22nd. Twelve investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $192.96.

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.