Employees Provident Fund Board acquired a new stake in Accenture PLC (NYSE:ACN – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 11,582 shares of the information technology services provider’s stock, valued at approximately $3,107,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in shares of Accenture during the 3rd quarter valued at $26,000. Board of the Pension Protection Fund bought a new position in Accenture in the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC purchased a new position in shares of Accenture during the fourth quarter valued at approximately $27,000. McMillan Office Inc. bought a new stake in shares of Accenture in the 4th quarter worth $27,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in shares of Accenture in the 4th quarter worth approximately $27,000. 75.14% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Accenture
In other news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by company insiders.
Accenture Price Performance
Accenture (NYSE:ACN – Get Free Report) last released its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.10. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The firm had revenue of $18.72 billion for the quarter, compared to analysts’ expectations of $18.78 billion. During the same period in the prior year, the firm earned $3.49 EPS. The company’s revenue 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, sell-side analysts forecast that Accenture PLC will post 13.85 EPS for the current year.
Accenture Dividend Announcement
The company 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 $1.63 dividend. 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 5.1%. Accenture’s dividend payout ratio is 53.40%.
Trending Headlines about Accenture
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: Accenture beat quarterly EPS expectations and reported 5.6% year-over-year revenue growth, showing the business is still growing despite a tougher backdrop.
- Positive Sentiment: The company announced a quarterly dividend of $1.63 per share, which may appeal to income-focused investors and signals ongoing cash-return capacity.
- Positive Sentiment: Accenture is expanding its cybersecurity push with acquisitions and investments aimed at critical infrastructure defense, which could support longer-term growth in a high-demand area. Accenture to Strengthen Critical Infrastructure Defense with End-to-End Cybersecurity Platform in Age of AI-Driven Cyber Threats and Geopolitical Risk
- Neutral Sentiment: Analysts at Wells Fargo, Goldman Sachs, and BNP Paribas lowered price targets, but many still see upside from current levels; ratings were mostly maintained at neutral or equivalent.
- Neutral Sentiment: Commentary around Accenture drawing fresh S&P 500 attention suggests investors are reassessing whether the selloff has become excessive relative to fundamentals. Why Accenture (NYSE:ACN) Is Drawing Fresh S&P 500 Attention?
- Negative Sentiment: Management’s reduced revenue outlook is the main catalyst behind the stock’s sharp decline, as it points to weaker client spending and slower growth ahead.
- Negative Sentiment: The company’s large cybersecurity acquisition plans are also raising questions about integration risk and capital allocation during a period of slowing growth.
- Negative Sentiment: Multiple headlines say the weak outlook has sparked a broad selloff in IT shares globally, reinforcing the market’s negative reaction to Accenture’s guidance cut. Indian IT stocks slump up to 7% as Accenture cuts revenue outlook, fueling fresh concerns over sector growth
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Accenture from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday. Susquehanna dropped their price target on Accenture from $222.00 to $186.00 and set a “neutral” rating for the company in a research report on Tuesday. Robert W. Baird set a $190.00 target price on Accenture in a research note on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Accenture in a report on Tuesday, June 9th. Finally, Truist Financial downgraded Accenture from a “buy” rating to a “hold” rating and reduced their price target for the company from $260.00 to $210.00 in a report on Monday, June 1st. Fifteen research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $226.19.
View Our Latest Analysis on Accenture
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.
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