Relyea Zuckerberg Hanson LLC Sells 3,902 Shares of Accenture PLC $ACN

Relyea Zuckerberg Hanson LLC trimmed its position in shares of Accenture PLC (NYSE:ACN) by 42.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,341 shares of the information technology services provider’s stock after selling 3,902 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Accenture were worth $1,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jaffetilchin Investment Partners LLC raised its position in Accenture by 4.2% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after purchasing an additional 35 shares during the period. Clayton Financial Group LLC boosted its position in shares of Accenture by 13.1% during the fourth quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock valued at $88,000 after buying an additional 38 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in shares of Accenture by 0.9% during the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock valued at $1,089,000 after buying an additional 41 shares during the last quarter. Peak Asset Management LLC raised its holdings in shares of Accenture by 0.8% in the fourth quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock worth $1,461,000 after buying an additional 43 shares during the period. Finally, SkyView Investment Advisors LLC raised its holdings in shares of Accenture by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Down 2.8%

NYSE ACN traded down $3.87 on Friday, reaching $135.19. 7,631,871 shares of the stock traded hands, compared to its average volume of 12,515,054. Accenture PLC has a 12 month low of $118.15 and a 12 month high of $291.09. The company has a market cap of $90.28 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.38 and a beta of 1.13. The company has a fifty day moving average price of $160.28 and a 200-day moving average price of $203.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.34 and a current ratio of 1.34.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.10. The business had revenue of $18.72 billion for 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 was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, research analysts forecast that Accenture PLC will post 13.85 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a yield of 4.8%. Accenture’s dividend payout ratio (DPR) is 52.08%.

Accenture announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 23rd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to reacquire up to 2.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ACN shares. The Goldman Sachs Group dropped their price objective on Accenture from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, June 18th. William Blair downgraded Accenture from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 18th. Robert W. Baird set a $190.00 price target on shares of Accenture in a report on Thursday, June 18th. Oppenheimer set a $201.00 price target on shares of Accenture in a research note on Monday, June 8th. Finally, Argus decreased their price objective on shares of Accenture from $335.00 to $220.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Twelve investment 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. Based on data from MarketBeat, Accenture has an average rating of “Hold” and an average price target of $193.19.

Insider Activity 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 shares were 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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.

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.