Accenture PLC $ACN Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its stake in Accenture PLC (NYSE:ACN) by 10.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,203 shares of the information technology services provider’s stock after selling 3,936 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Accenture were worth $6,386,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Accenture in the first quarter valued at about $24,866,000. Bollard Group LLC increased its stake in Accenture by 0.7% in the 1st quarter. Bollard Group LLC now owns 10,235 shares of the information technology services provider’s stock valued at $2,029,000 after purchasing an additional 75 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Accenture by 0.8% during the first quarter. Public Employees Retirement System of Ohio now owns 256,513 shares of the information technology services provider’s stock worth $50,864,000 after purchasing an additional 2,089 shares during the last quarter. Compound Planning Inc. boosted its position in Accenture by 21.6% during the first quarter. Compound Planning Inc. now owns 6,551 shares of the information technology services provider’s stock worth $1,299,000 after purchasing an additional 1,163 shares in the last quarter. Finally, Keebeck Wealth Management increased its position in shares of Accenture by 89.1% in the first quarter. Keebeck Wealth Management now owns 1,549 shares of the information technology services provider’s stock valued at $307,000 after buying an additional 730 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $2,267,746.28. This trade represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ACN shares. BMO Capital Markets reissued a “market perform” rating and issued a $150.00 price objective on shares of Accenture in a research note on Friday, June 19th. Evercore set a $180.00 price target on shares of Accenture in a report on Thursday, June 18th. Truist Financial lowered their price target on shares of Accenture from $210.00 to $150.00 and set a “hold” rating on the stock in a research report on Monday, June 22nd. Dbs Bank downgraded Accenture from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, TD Cowen cut Accenture from a “buy” rating to a “hold” rating and lowered their target price for the company from $258.00 to $150.00 in a report on Monday, June 22nd. Twelve analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Accenture has a consensus rating of “Hold” and a consensus target price of $192.96.

Accenture Stock Performance

Shares of NYSE ACN opened at $147.04 on Friday. The company has a 50-day simple moving average of $153.92 and a 200-day simple moving average of $194.99. 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 company has a market cap of $98.20 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.52 and a beta of 1.13. Accenture PLC has a 12 month low of $118.15 and a 12 month high of $291.09.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) 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 analyst estimates of $18.78 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. Accenture’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, equities analysts anticipate that Accenture PLC will post 13.85 earnings per share for the current year.

Accenture announced that its board has initiated a stock repurchase program on Tuesday, June 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the information technology services provider to reacquire up to 2.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Accenture Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.4%. Accenture’s dividend payout ratio is currently 52.08%.

Accenture 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.