Investidor Profissional Gestao de Recursos Ltda. Buys New Position in Accenture PLC $ACN

Investidor Profissional Gestao de Recursos Ltda. purchased a new position in shares of Accenture PLC (NYSE:ACN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,522 shares of the information technology services provider’s stock, valued at approximately $2,880,000. Accenture accounts for approximately 0.9% of Investidor Profissional Gestao de Recursos Ltda.’s holdings, making the stock its 16th largest holding.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its position in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Accenture by 46.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after buying an additional 660 shares during the period. United Bank grew its stake in shares of Accenture by 49.8% during the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after purchasing an additional 1,209 shares during the period. Bank of Nova Scotia grew its position in Accenture by 23.0% during the second quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock worth $247,000 after buying an additional 155 shares during the period. Finally, Main Street Financial Solutions LLC increased its stake in Accenture by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock valued at $528,000 after purchasing an additional 72 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Atsushi Egawa sold 4,872 shares of the firm’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 transaction of $863,026.08. Following the completion of the sale, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 Trading Down 2.5%

NYSE:ACN opened at $141.11 on Wednesday. The firm has a market capitalization of $94.23 billion, a P/E ratio of 11.27, a P/E/G ratio of 1.50 and a beta of 1.13. The business has a 50 day simple moving average of $155.25 and a 200 day simple moving average of $197.08. Accenture PLC has a 12-month low of $118.15 and a 12-month 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.

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, topping the consensus estimate 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 return on equity of 26.47% and a net margin of 10.66%.The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.49 earnings per share. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Equities research analysts predict that Accenture PLC will post 13.85 EPS for the current year.

Accenture announced that its Board of Directors has approved a stock buyback plan 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 reacquire up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are 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. The ex-dividend date is Thursday, July 9th. This represents a $6.52 annualized dividend and a yield of 4.6%. Accenture’s payout ratio is 52.08%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ACN shares. Robert W. Baird set a $190.00 target price on shares of Accenture in a research report on Thursday, June 18th. JPMorgan Chase & Co. dropped their price target on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating for the company in a research report on Monday, June 8th. Guggenheim reduced their price objective on Accenture from $225.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Argus lowered their price target on Accenture from $335.00 to $220.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Finally, William Blair cut shares of Accenture from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 18th. Twelve equities research 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.com, Accenture presently has a consensus rating of “Hold” and a consensus price target of $192.96.

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.