Financial Solutions Advisory Group Inc. bought a new position in shares of Accenture PLC (NYSE:ACN – Free Report) during the first quarter, Holdings Channel reports. The fund bought 4,736 shares of the information technology services provider’s stock, valued at approximately $939,000.
A number of other large investors have also recently modified their holdings of ACN. Teacher Retirement System of Texas lifted its holdings in shares of Accenture by 27.7% during the 4th quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider’s stock worth $75,752,000 after acquiring an additional 61,314 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Accenture by 197.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 141,484 shares of the information technology services provider’s stock valued at $37,960,000 after purchasing an additional 93,880 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Accenture by 36.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 557,516 shares of the information technology services provider’s stock worth $149,582,000 after purchasing an additional 149,357 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Accenture by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock valued at $17,726,831,000 after purchasing an additional 854,361 shares during the last quarter. Finally, Swiss Life Asset Management Ltd raised its holdings in shares of Accenture by 12.0% during the 4th quarter. Swiss Life Asset Management Ltd now owns 335,314 shares of the information technology services provider’s stock valued at $89,965,000 after buying an additional 36,037 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.
Accenture Price Performance
Shares of ACN stock opened at $166.34 on Friday. 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 PLC has a fifty-two week low of $118.15 and a fifty-two week high of $291.09. The firm has a market cap of $111.08 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.72 and a beta of 1.13. The business’s 50 day moving average price is $152.56 and its 200-day moving average price is $191.12.
Accenture declared that its board has approved a share 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 buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Accenture Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be given a dividend of $1.63 per share. The ex-dividend date is Thursday, July 9th. This represents a $6.52 annualized dividend and a dividend yield of 3.9%. Accenture’s payout ratio is currently 52.08%.
Insider Transactions at Accenture
In other Accenture news, General Counsel Joel Unruch sold 10,498 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $162.98, for a total value of $1,710,964.04. Following the completion of the sale, the general counsel directly owned 17,735 shares in the company, valued at $2,890,450.30. This trade represents a 37.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by insiders.
Analyst Ratings Changes
ACN has been the subject of several research reports. Stifel Nicolaus cut their target price on Accenture from $315.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. William Blair lowered shares of Accenture from an “outperform” rating to a “market perform” rating in a report on Thursday, June 18th. HSBC cut their price objective on shares of Accenture from $220.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada decreased their target price on shares of Accenture from $253.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, June 22nd. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $150.00 price target on shares of Accenture in a research note on Friday, June 19th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $192.96.
View Our Latest Analysis on ACN
Key Accenture News
Here are the key news stories impacting Accenture this week:
- Positive Sentiment: UniCredit digital-transformation deal: Accenture and IBM are collaborating with UniCredit to build a next-generation European banking platform. The project reinforces Accenture’s position in large, strategic technology-transformation contracts and could support future bookings and revenue. UniCredit, Accenture and IBM Collaborate to Build Europe’s Next-Generation Banking Platform
- Positive Sentiment: AI strategy remains a potential catalyst: Coverage highlighted Accenture’s investments in artificial intelligence and its Edge business as opportunities to capture demand for AI implementation and enterprise modernization. Successful execution could improve growth prospects and sentiment toward the stock. Why Is Accenture Strengthening Its AI Strategy?
- Positive Sentiment: Deeply discounted valuation: Analysts noted that ACN trades at roughly 12 times fiscal 2026 earnings following a steep decline, with an approximately 4% dividend yield. The valuation has prompted cautious views that the market may be pricing in more permanent business damage than ultimately occurs. ACN Got Cheaper. The Business Did Not Get Worse
- Neutral Sentiment: Insider selling disclosed: General Counsel Joel Unruch sold 10,498 shares for about $1.7 million, reducing his holdings by 37.2%. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan, it offers limited insight into current management expectations. Accenture Insider Trading Filing
- Negative Sentiment: Execution concerns remain: Accenture’s organic growth is weak and bookings have declined, while Capgemini’s stronger performance suggests that some of ACN’s pressure may reflect company-specific execution issues rather than industry conditions. AI initiatives are promising, but their ability to scale and expand margins remains unproven. Accenture: The Market Is Pricing In Too Much Permanent Damage
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.
Further Reading
- Five stocks we like better than Accenture
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN – Free Report).
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.
