Accenture PLC $ACN Shares Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp increased its holdings in shares of Accenture PLC (NYSE:ACN) by 45.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,957 shares of the information technology services provider’s stock after purchasing an additional 4,049 shares during the period. Money Concepts Capital Corp’s holdings in Accenture were worth $2,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its position in shares of Accenture by 27.7% in the fourth quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider’s stock valued at $75,752,000 after purchasing an additional 61,314 shares in the last quarter. Sequoia Financial Advisors LLC lifted 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 worth $37,960,000 after buying an additional 93,880 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 buying an additional 149,357 shares during the last quarter. Vanguard Group Inc. grew its holdings in Accenture by 1.3% in 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 buying an additional 854,361 shares in the last quarter. Finally, Swiss Life Asset Management Ltd increased its stake in shares of Accenture by 12.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 335,314 shares of the information technology services provider’s stock worth $89,965,000 after acquiring an additional 36,037 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Down 2.8%

Shares of Accenture stock traded down $3.87 on Friday, reaching $135.19. The company had a trading volume of 7,631,871 shares, compared to its average volume of 12,515,054. The firm’s 50 day moving average price is $160.28 and its two-hundred day moving average price is $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 PLC has a 52-week low of $118.15 and a 52-week high of $291.09. The firm has a market cap of $90.28 billion, a PE ratio of 10.80, a PEG ratio of 1.38 and a beta of 1.13.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.10. The firm 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 firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Sell-side analysts predict that Accenture PLC will post 13.85 earnings per share for the current fiscal year.

Accenture declared that its Board of Directors has initiated a share repurchase 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 reacquire up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Thursday, July 9th. Accenture’s payout ratio is currently 52.08%.

Insider Transactions at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction dated 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. This trade represents a 27.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ACN shares. Royal Bank Of Canada dropped their price objective on shares of Accenture from $253.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, June 22nd. Guggenheim cut their price target on shares of Accenture from $225.00 to $185.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Stifel Nicolaus reduced their price target on shares of Accenture from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. The Goldman Sachs Group lowered their price objective on Accenture from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, June 18th. Finally, Berenberg Bank reduced their target price on Accenture from $273.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Twelve 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 data from MarketBeat, Accenture has a consensus rating of “Hold” and an average target price of $193.19.

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.