5,383 Shares in Accenture PLC $ACN Purchased by Blackhawk Capital Partners LLC

Blackhawk Capital Partners LLC bought a new stake in Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,383 shares of the information technology services provider’s stock, valued at approximately $1,067,000.

A number of other institutional investors have also modified their holdings of the company. Jaffetilchin Investment Partners LLC boosted its holdings in shares of Accenture by 4.2% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after purchasing an additional 35 shares during the last quarter. Clayton Financial Group LLC lifted its position in Accenture by 13.1% during the fourth quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock worth $88,000 after buying an additional 38 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its position in Accenture by 0.9% during the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock worth $1,089,000 after buying an additional 41 shares during the period. Peak Asset Management LLC grew its holdings in Accenture by 0.8% in the 4th quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock valued at $1,461,000 after buying an additional 43 shares during the period. Finally, SkyView Investment Advisors LLC increased its stake in shares of Accenture by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Price Performance

ACN stock opened at $137.04 on Thursday. The firm has a market cap of $91.52 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 1.39 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. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $291.09. The stock has a 50-day simple moving average of $157.83 and a 200-day simple moving average of $200.65.

Accenture (NYSE:ACN) last released 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 firm had revenue of $18.72 billion during 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%.Accenture’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. On average, equities analysts predict that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

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

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors 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 annualized dividend and a yield of 4.8%. Accenture’s payout ratio is 52.08%.

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 directly owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This represents a 27.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ACN has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $150.00 price target on shares of Accenture in a research note on Friday, June 19th. William Blair downgraded Accenture from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 18th. Wells Fargo & Company restated an “overweight” rating and set a $200.00 price target on shares of Accenture in a research note on Monday, June 22nd. Wolfe Research restated an “outperform” rating and issued a $200.00 price objective on shares of Accenture in a report on Tuesday, June 16th. Finally, Morgan Stanley decreased their target price on Accenture from $177.00 to $130.00 and set an “equal weight” rating for the company in a report on Monday, June 22nd. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $193.19.

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.