Commerzbank Aktiengesellschaft FI Has $12.48 Million Position in Accenture PLC $ACN

Commerzbank Aktiengesellschaft FI raised its stake in Accenture PLC (NYSE:ACN) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,959 shares of the information technology services provider’s stock after buying an additional 4,358 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Accenture were worth $12,484,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Florida Financial Advisors LLC grew its stake in Accenture by 28.9% in the first quarter. Florida Financial Advisors LLC now owns 2,009 shares of the information technology services provider’s stock valued at $399,000 after purchasing an additional 450 shares in the last quarter. Hollencrest Capital Management lifted its holdings in shares of Accenture by 354.0% during the 1st quarter. Hollencrest Capital Management now owns 227 shares of the information technology services provider’s stock valued at $45,000 after buying an additional 177 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Accenture by 420.0% in the 1st quarter. Meeder Asset Management Inc. now owns 364 shares of the information technology services provider’s stock valued at $72,000 after buying an additional 294 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in Accenture by 6.3% in the first quarter. Meeder Advisory Services Inc. now owns 10,373 shares of the information technology services provider’s stock worth $2,057,000 after buying an additional 616 shares during the last quarter. Finally, Ironwood Investment Counsel LLC raised its position in Accenture by 17.1% during the first quarter. Ironwood Investment Counsel LLC now owns 46,540 shares of the information technology services provider’s stock valued at $9,229,000 after acquiring an additional 6,785 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

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 stock was 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 in the company, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Stock Performance

Shares of ACN opened at $144.63 on Tuesday. The company has a market capitalization of $96.58 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 1.49 and a beta of 1.13. Accenture PLC has a one year low of $118.15 and a one year high of $291.09. 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 company’s fifty day moving average price is $155.82 and its 200 day moving average price is $197.97.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.10. The company had revenue of $18.72 billion during the quarter, compared to analysts’ expectations of $18.78 billion. Accenture had a net margin of 10.66% and a return on equity of 26.47%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. As a group, analysts expect that Accenture PLC will post 13.85 earnings per share for the current year.

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

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, July 9th. Accenture’s payout ratio is currently 52.08%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ACN. TD Cowen downgraded shares of Accenture from a “buy” rating to a “hold” rating and decreased their target price for the stock from $258.00 to $150.00 in a research report on Monday, June 22nd. Wells Fargo & Company decreased their price objective on shares of Accenture from $200.00 to $194.00 and set an “overweight” rating for the company in a report on Monday. Jefferies Financial Group lowered their target price on shares of Accenture from $210.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, June 15th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $150.00 price target on shares of Accenture in a research report on Friday, June 19th. Finally, Evercore set a $180.00 price target on Accenture in a research note on Thursday, June 18th. Twelve 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’s stock. Based on data from MarketBeat.com, Accenture has a consensus rating of “Hold” and an average target price 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.