Accenture PLC $ACN Stake Trimmed by ABN Amro Investment Solutions

ABN Amro Investment Solutions cut its position in shares of Accenture PLC (NYSE:ACN) by 27.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 49,665 shares of the information technology services provider’s stock after selling 19,223 shares during the period. ABN Amro Investment Solutions’ holdings in Accenture were worth $9,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oslo Pensjonsforsikring AS acquired a new stake in shares of Accenture during the first quarter worth approximately $762,000. Summit Global Investments raised its holdings in shares of Accenture by 121.0% during the 1st quarter. Summit Global Investments now owns 8,096 shares of the information technology services provider’s stock valued at $1,605,000 after purchasing an additional 4,432 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings in Accenture by 2.4% in the first quarter. Johnson Financial Group Inc. now owns 20,764 shares of the information technology services provider’s stock worth $4,117,000 after purchasing an additional 485 shares in the last quarter. Convergence Investment Partners LLC raised its holdings in Accenture by 1,099.4% during the first quarter. Convergence Investment Partners LLC now owns 10,339 shares of the information technology services provider’s stock valued at $2,050,000 after buying an additional 9,477 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of Accenture by 7.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 62,959 shares of the information technology services provider’s stock worth $12,484,000 after buying an additional 4,358 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Down 0.5%

ACN opened at $140.12 on Thursday. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09. The company has a market capitalization of $93.58 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.46 and a beta of 1.13. 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 firm’s fifty day moving average price is $154.86 and its two-hundred day moving average price is $196.17.

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

Accenture declared that its board has initiated a stock repurchase program on Tuesday, June 23rd that authorizes the company to buyback $2.00 billion in 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 programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s payout ratio is presently 52.08%.

Insider Buying and Selling at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $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 accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ACN. UBS Group reissued a “buy” rating and set a $275.00 price objective on shares of Accenture in a report on Wednesday, July 8th. Weiss Ratings lowered Accenture from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Robert W. Baird set a $190.00 price target on Accenture in a report on Thursday, June 18th. Citigroup reduced their price objective on shares of Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Finally, Morgan Stanley decreased their price target on shares of 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 issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.