IFM Investors Pty Ltd Purchases 6,642 Shares of Accenture PLC $ACN

IFM Investors Pty Ltd boosted its holdings in Accenture PLC (NYSE:ACN) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,531 shares of the information technology services provider’s stock after purchasing an additional 6,642 shares during the quarter. IFM Investors Pty Ltd’s holdings in Accenture were worth $26,280,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Board of the Pension Protection Fund bought a new stake in shares of Accenture during the fourth quarter worth about $27,000. Laurel Wealth Advisors LLC bought a new position in Accenture in the 4th quarter valued at about $27,000. McMillan Office Inc. acquired a new position in Accenture during the 4th quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Accenture in the fourth quarter worth approximately $27,000. Finally, Triumph Capital Management bought a new position in shares of Accenture in the third quarter valued at approximately $26,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 0.2%

Shares of NYSE:ACN opened at $124.48 on Wednesday. Accenture PLC has a 1 year low of $118.15 and a 1 year high of $307.77. The company has a market capitalization of $83.13 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The business has a fifty day moving average price of $167.78 and a two-hundred day moving average price of $211.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34.

Accenture (NYSE:ACN) last released its earnings results 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 company had revenue of $18.72 billion for 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%.The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Analysts forecast that Accenture PLC will post 13.85 earnings per share for the current year.

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

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date 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 stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction 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 legal filing with the Securities & Exchange Commission, 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

Several brokerages recently issued reports on ACN. Jefferies Financial Group cut their target price on Accenture from $210.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, June 15th. DA Davidson dropped their price objective on Accenture from $275.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Dbs Bank downgraded shares of Accenture from a “moderate buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Truist Financial reduced their target price on shares of Accenture from $210.00 to $150.00 and set a “hold” rating for the company in a research note on Monday, June 22nd. Finally, HSBC dropped their price target on shares of Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $195.00.

Accenture Company 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.