Accenture PLC $ACN Shares Sold by Andra AP fonden

Andra AP fonden cut its position in Accenture PLC (NYSE:ACN) by 53.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,026 shares of the information technology services provider’s stock after selling 73,582 shares during the period. Andra AP fonden’s holdings in Accenture were worth $12,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ACN. Summit Global Investments lifted its position in Accenture by 121.0% during the first quarter. Summit Global Investments now owns 8,096 shares of the information technology services provider’s stock worth $1,605,000 after buying an additional 4,432 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in Accenture by 2.4% in the 1st quarter. Johnson Financial Group Inc. now owns 20,764 shares of the information technology services provider’s stock valued at $4,117,000 after buying an additional 485 shares in the last quarter. Convergence Investment Partners LLC increased its stake in shares of Accenture by 1,099.4% in the 1st quarter. Convergence Investment Partners LLC now owns 10,339 shares of the information technology services provider’s stock worth $2,050,000 after acquiring an additional 9,477 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Accenture by 7.4% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 62,959 shares of the information technology services provider’s stock worth $12,484,000 after acquiring an additional 4,358 shares during the period. Finally, Florida Financial Advisors LLC boosted its position in shares of Accenture by 28.9% during the 1st quarter. Florida Financial Advisors LLC now owns 2,009 shares of the information technology services provider’s stock valued at $399,000 after acquiring an additional 450 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating on the stock in a report on Monday, June 8th. Argus cut their target price on Accenture from $335.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Evercore set a $180.00 price target on Accenture in a report on Thursday, June 18th. Jefferies Financial Group reduced their price objective on shares of Accenture from $210.00 to $185.00 and set a “hold” rating on the stock in a report on Monday, June 15th. Finally, Morgan Stanley dropped their price target on shares of Accenture from $177.00 to $130.00 and set an “equal weight” rating for the company in a research report on Monday, June 22nd. Twelve research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $192.96.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the sale, the chief executive officer owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Accenture Stock Down 2.5%

Shares of NYSE ACN opened at $141.11 on Wednesday. The stock has a market cap of $94.23 billion, a P/E ratio of 11.27, a PEG ratio of 1.50 and a beta of 1.13. The business’s fifty day simple moving average is $155.25 and its 200-day simple moving average is $197.08. Accenture PLC has a 12-month low of $118.15 and a 12-month high of $291.09. 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 (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.10. The business 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 revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, equities analysts predict that Accenture PLC will post 13.85 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be issued a $1.63 dividend. The ex-dividend date is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.6%. Accenture’s dividend payout ratio is presently 52.08%.

Accenture declared that its board has initiated a share repurchase program on Tuesday, June 23rd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.