Vise Technologies Inc. Acquires 7,070 Shares of Accenture PLC $ACN

Vise Technologies Inc. grew its holdings in shares of Accenture PLC (NYSE:ACN) by 64.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,041 shares of the information technology services provider’s stock after buying an additional 7,070 shares during the period. Vise Technologies Inc.’s holdings in Accenture were worth $4,840,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Platform Wealth Management LLC bought a new position in shares of Accenture during the 4th quarter worth approximately $9,090,000. Mcrae Capital Management Inc. boosted its holdings in shares of Accenture by 6.3% during the 4th quarter. Mcrae Capital Management Inc. now owns 47,367 shares of the information technology services provider’s stock worth $12,709,000 after buying an additional 2,822 shares in the last quarter. State of Wyoming boosted its holdings in shares of Accenture by 1,053.7% during the 4th quarter. State of Wyoming now owns 2,469 shares of the information technology services provider’s stock worth $662,000 after buying an additional 2,255 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Accenture by 51.8% during the 4th quarter. TD Asset Management Inc now owns 1,047,474 shares of the information technology services provider’s stock worth $281,037,000 after buying an additional 357,271 shares in the last quarter. Finally, Intellectus Partners LLC boosted its holdings in shares of Accenture by 29.0% during the 4th quarter. Intellectus Partners LLC now owns 6,379 shares of the information technology services provider’s stock worth $1,712,000 after buying an additional 1,435 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ACN shares. Robert W. Baird cut their price target on Accenture from $330.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Piper Sandler set a $282.00 price target on Accenture in a report on Thursday, March 5th. Stifel Nicolaus cut their target price on Accenture from $315.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Financial cut Accenture from a “buy” rating to a “hold” rating and cut their target price for the stock from $260.00 to $210.00 in a report on Monday, June 1st. Finally, Mizuho cut their target price on Accenture from $309.00 to $280.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $265.54.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Zacks highlighted Accenture’s strong earnings-surprise track record and said the company has the ingredients for another beat when it next reports results, which can lift sentiment ahead of earnings. Will Accenture (ACN) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Stifel Nicolaus reiterated its Buy rating on Accenture, reinforcing the view that the stock remains attractive at current levels. Stifel Nicolaus Sticks to Its Buy Rating for Accenture (ACN)
• Positive Sentiment: Accenture announced a strategic investment and partnership with AlphaSense to bring agentic AI workflows for market intelligence to enterprises, underscoring continued momentum in AI services and enterprise transformation. Accenture and AlphaSense Announce Strategic Investment and Partnership to Bring Agentic Workflows for Market Intelligence to Enterprises
• Positive Sentiment: TEPCO Solution Advance also said it is working with Accenture to reinvent operations with AI, adding another example of new client demand tied to Accenture’s AI consulting capabilities. TEPCO Solution Advance Teams with Accenture to Reinvent Operations with AI
• Neutral Sentiment: Several recent opinion pieces argued that Accenture looks undervalued on earnings and cash flow metrics, which may help investor confidence, but these were commentary rather than new fundamentals. Accenture: A 57% Drop Meets A 12.8 P/E – The Ultimate Margin Of Safety
• Neutral Sentiment: Other analysis said AI is accelerating demand rather than disrupting Accenture’s business model, supporting the long-term bull case but not changing near-term results on its own. Accenture: AI Is Accelerating Instead Of Disrupting The Consultancy
• Negative Sentiment: At least one recent valuation update trimmed Accenture’s fair value estimate and another note pointed to softer IT spending and AI competition, reflecting lingering caution around growth and margins. How The Investment Story For Accenture (ACN) Is Shifting With AI And Softer IT Spending

Insider Buying and Selling

In related news, CEO Atsushi Egawa sold 4,872 shares of the 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 of the company’s stock, valued at approximately $2,267,746.28. This represents a 27.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Price Performance

Shares of ACN opened at $178.45 on Friday. Accenture PLC has a 12-month low of $155.82 and a 12-month high of $321.77. The business’s fifty day moving average is $184.29 and its 200 day moving average is $224.34. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. The stock has a market cap of $118.75 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.69 and a beta of 1.08.

Accenture (NYSE:ACN) last issued its earnings results on Friday, March 20th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The company had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. During the same period last year, the business earned $2.82 EPS. Accenture’s quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Accenture PLC will post 13.88 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, April 9th. Accenture’s dividend payout ratio is presently 53.40%.

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.